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12 June 2007
xG Technology, Inc.
xG TECHNOLOGY INC. ADDITIONAL
LISTING
xG Technology, Inc. ("xG"
or the "Company"), the Florida based communications technology
business, today announces that it has received notice of
exercise of options over 37,037 shares in the Common Stock of
xG at an exercise price of US$0.27 per share, totalling
US$10,000 in proceeds from the exercise.
An application will be
made for the 37,037 new Common Shares to be admitted to
trading on AIM, which is expected to be effective on 15 June
2007.
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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