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11 June 2007
xG Technology, Inc.
xG TECHNOLOGY INC. ANNOUNCES
TERRITORY AGREEMENT WITH
GAMA TICARET VE TURIZM A.S.
xG Technology, Inc. ("xG"
or "the Company"), the Florida based communications technology
business, is pleased to announce it has signed an exclusive
territory trial agreement with Gama Ticaret ve Turizm A.S., a
member of Gama Group, the Turkish-based infrastructure group.
The six month agreement will allow the Gama Group to enter
into negotiations regarding the potential deployment of xG's
transmission technologies across Turkey.
Established in 1959, The
Gama Group has operations across the Middle East, Russia, CIS
Countries, South East Asia, North Africa and Ireland. They are
a well established and highly experienced group with fast
growing energy, construction and trading businesses, achieving
estimated revenues of US$750
million in 2006. As a proven infrastructure provider, Gama is
now looking at developing telecommunications infrastructure
within the regions it operates. Gama Trade is also majority
shareholder of Vegatel, telecommunication services company
founded by Turkish telecom industry veterans.
Commenting on today's
announcement, Rick Mooers, Chairman and CEO, stated:
"We are delighted to
announce the signing of this agreement. The Gama Group are an
established infrastructure player in Turkey, and are
well-placed to utilize our low cost networks to rapidly
roll-out the xMax 4G network across the region under any
subsequent licensing arrangement that follows this exclusive
agreement".
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 -
Enquiries:
Rick Mooers, Chairman and CEO
Roger Branton, COO and CFO
020 7638 9571
Nigel Daly
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 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 mobile VoIP (Voice over Internet Protocol) base station and
handset product line. Branded as xMax, these products are for
use by 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. Future releases of 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 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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