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xG Announces Start of Beta Field Testing
19 February 2007
The Board of xG Technology, Inc. ("xG or "the company") (AIM:
XGT), the Florida based communications technology business, is
pleased to announce that the first xMax beta network, operated
by the Company, is now transmitting over the air in Fort
Lauderdale, Florida . This is the final stage of testing
before the launch of the second xMax beta network in Daytona
Beach, Florida, which will be operated and tested by Far Reach
Communications in conjunction with xG.
Commenting on today’s
announcement Joe Bobier the inventor of the technology and
Company President and CTO said:
“This is an exciting day for
the xG engineering team, who are performing well in meeting an
aggressive commercial deployment schedule. The commencement of
field tests marks an important milestone in the overall
rollout of xMax. The continued delivery of development targets
demonstrates the Company’s commitment to maximizing
shareholder value.”
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.
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Enquiries:
Rick Mooers - Chairman and Chief Executive
Roger Branton – Chief Operating Officer and Chief Financial
Officer
020 7638 9571
Seb Hoyle / Lucie Holloway
Citigate Dewe Rogerson
020 7638 9571
ABOUT XG TECHNOLOGY
Based in Florida, USA, xG Technology, Inc. has developed
innovative technologies that have the potential to 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. The key attractions
of the technology include:
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Ability to transmit
substantially more information than other technologies
operating at similar power
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Low costs of deployment,
resulting in significantly reduced network capital
expenditures
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Utilization of unlicensed
spectrum
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Patented IP
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