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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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