xG Technology News  |  Press Releases
 

4 February 2008

xG Technology, Inc.

Profitable in January

Following its recent announcement on 14 January 2008 that shipments of the Company's xMax base station had commenced to customers in multiple markets, xG Technology, Inc., the communications technology business, announces that it has already achieved its first month of profitability at the net income level.

Rick Mooers, Chairman and CEO stated:
  
"Profitability represents an important milestone for XGT. We are especially pleased that we have attained
this in what is only our first month of shipping base stations to markets outside the initial Daytona Beach market. We are further encouraged by an increasing customer base as well as the forward  delivery schedule for our base stations. Once commercial services have been launched with our partners, we will also receive a share of revenues generated by voice and data traffic over xMax networks."

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 -

For more information, please visit the xG Technology, Inc. website: www.xgtechnology.com


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 (AIM:XGT)
 
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 complete mobile VoIP (Voice over Internet Protocol) network and services relying on xG Technology specialized base station and handset product lines. Branded as xMax, these products and services are for use by regional carriers (internet service providers, competitive local exchange carriers and entrepreneurial parties) seeking to deliver wireless mobile or fixed Internet Protocol services directly to consumers over licensed or unlicensed spectrum without using the incumbent  circuit switched or coaxial cable networks. Future releases of the xMax product lines 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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