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11 April 2007
xG Technology, Inc.
APPOINTMENT OF NOMAD & EXCLUSIVE FINANCIAL ADVISOR
xG Technology, Inc. ("xG Technology"and "xG") (AIM: XGT), the
Florida based communications technology business, today
announces that it has appointed Piper Jaffray Ltd. as its
Nominated Adviser and exclusive Financial Advisor with
immediate effect.
For further xG Technology news please visit:
www.xgtechnology.com NEWS/INVESTORS
- Ends -
Enquiries:
Rick Mooers, Chairman and CEO
Roger Branton, COO and CFO
020 7638 9571
Xavier Moreels, Managing Director
Nigel Daly, Principal
Jim Steel, Vice President
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 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.
xG Technology is now designing a mobile VoIP (Voice over
Internet Protocol) base station and handset product line.
Branded as xMax, these products are intended to be sold to
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. In time, it is intended that 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 will be 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.
ABOUT PIPER JAFFRAY
Piper Jaffray Companies is a
leading, international middle market investment bank and
institutional securities firm, serving the needs of middle
market corporations, private equity groups, public entities,
nonprofit clients and institutional investors. Founded in
1895, Piper Jaffray provides a comprehensive set of products
and services, including equity and debt capital markets
products; public finance services; mergers and acquisitions
advisory services; high-yield and structured products;
institutional equity and fixed- income sales and trading; and
equity and high-yield research. With headquarters in
Minneapolis, Piper Jaffray has 25 offices across the United
States and international locations in London and Shanghai. The
firm's UK operating subsidiary, Piper Jaffray Ltd., is
authorized and regulated by the Financial Services Authority
and is a member of the London Stock Exchange. (NYSE:PJC;
http://www.piperjaffray.com)
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