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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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