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21 December 2007
xG Technology, Inc.
Announces
Agreement Extension with National Grid Wireless
xG
Technology, Inc. (“xG”), the communications technology
business, is pleased to announce that National Grid Wireless
(“NGW”) have completed the main part of their due diligence
on xG’s core physical layer technology and it’s first vertical
application, xMax.
NGW have now
requested an extension of the territory agreement that is in
place between the companies. The extension will be until end
of March 2008 and will allow NGW to consider commercial
applications for xG’s proprietary technology. Before the end
of the extended period, the companies will endeavor to agree
to a term sheet outlining their future collaboration.
xG Technology
Inc. Chairman and CEO Rick Mooers added:
“We are very
happy to be moving to the next stage with National Grid
Wireless. We now look forward to exploring the most suitable
application for a mutual collaboration with National Grid
Wireless, either with our existing mobile VoIP vertical or a
new one.”
xG is a
registered trade mark of xG Technology, Inc. under US Trade
Mark Registration Number 3039835. xMax is a trademark of xG
Technology, Inc.
- Ends –
Enquiries:
Rick Mooers, Chairman and CEO
Roger Branton, COO and CFO
020 7638 9571
Nigel Daly/James Steel
Piper Jaffray Ltd.
020 3142 8700
Seb Hoyle
Lucie Holloway
Citigate Dewe Rogerson
020 7638 9571
ABOUT XG TECHNOLOGY
XG TECHNOLOGY'S BUSINESS
Based in Florida, USA, xG Technology has developed innovative
technologies that the directors believe can change the
building blocks, capabilities and economics of the
communications industry. Its patented technologies can be
applied to almost any type of communication including voice,
data or video in wired or wireless form.
As its first vertical application, xG Technology has designed
a mobile VoIP (Voice over Internet Protocol) base station and
handset product line. Branded as xMax, these products are for
use by regional carriers (internet service providers,
competitive local exchange carriers and entrepreneurial
parties) seeking to deliver mobile Internet Protocol services
directly to consumers without using the incumbent circuit
switched or coaxial cable networks. Future releases of the
xMax product line will expand from mobile VoIP to offer
integrated video and data applications.
MARKET AND COMPETITION
There is a wide variety of wireless technologies in the
marketplace. The Directors believe that the key issue keeping
these technologies from achieving greater success is the price
versus performance of existing options. xMax changes this
price/performance relationship by enabling the delivery of
mobile IP services with less infrastructure using low-cost and
readily available unlicensed radio spectrum.
xG Technology believes that xMax is a viable solution for
mobile VoIP for a number of reasons:
- xMax is an IP solution rather than a circuit
switched solution; this is a prerequisite for handling the VoIP
application;
- xMax delivers high speed data in the order of Mbps
rather than Kbps, which is essential for supporting large numbers of
subscribers;
- xMax has a low latency physical layer, resulting
in high network efficiency;
- xMax's signal profile also allows for improved
range/coverage and better signal penetration, which is essential for
maintaining call session reliability; and
- although this feature is not central to the VoIP
application itself, xG Flash Signal's ability to
deliver wireless signals with far less RF output power than conventional applications
means that wireless VoIP handsets will show improved battery life over
other solutions
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