Latest Enhancements Extend xG’s Position as Provider of Secure and Reliable
Wireless Solutions to Markets Requiring Mission-Assured Communications
Sarasota, Florida—April 13, 2015—xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum sharing technologies, is pleased to announce that it has achieved further performance increases in the patented and market-leading interference mitigation capabilities of the xMax private mobile broadband wireless system.
The heightened performance is the result of successfully incorporating more complex and robust signal processing algorithms and other advances spearheaded by xG’s research and development team. These technological advancements translate to up to a ten-fold improvement in the ability of xMax to withstand interference. In test results announced in October 2014, xG was already demonstrating the superior ability of xMax to continue delivering flawless connectivity when subjected to high levels of intentionally generated interference.
As today’s wireless environments become increasingly prone to congestion and interference, and at risk for intentional and unintentional jamming, the ability of communications systems to maintain transmission integrity despite the existence of such threats takes on critical importance. This capability is essential in public safety, disaster recovery, military operations and other expeditionary wireless environments. The xMax system was designed and developed specifically to operate in such challenging, less-than-pristine RF conditions.
George Schmitt, CEO and Board Chairman of xG Technology, said, “We are pleased to announce these latest enhancements to the key interference mitigation features of the xMax system. xG’s technical staff has raised the standard even higher in their efforts to advance the reputation of xG as the leader in enabling the delivery of secure and reliable communications. xMax continues to be unique among wireless protocols in its ability to resist interference and jamming attempts, which are ongoing concerns for public safety and military wireless planners.”
About xG Technology
xG Technology has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. The company has created xMax, a patented all-IP cognitive radio technology that enables robust mobile broadband communications for private, consumer and government networks. xMax can solve the crisis facing the wireless industry caused by data-hungry devices and applications that are straining network capacity. It eliminates the need to acquire scarce and expensive licensed spectrum, thus lowering the total cost of ownership for wireless broadband access. xG’s goal is to help wireless broadband networks deliver voice, video and data services to fixed and mobile users. The xMax cognitive radio system incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide area, as well as rapid emergency communication deployment. xG offers solutions for numerous industries worldwide, including urban and rural wireless broadband, utilities, defense, emergency response and public safety.
Based in Sarasota, Florida, xG has 60 U.S. and over 130 international patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market where xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW. For more information, please visit www.xgtechnology.com.
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Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company’s expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words “anticipate,” “believe,” “estimate,” “upcoming,” “plan,” “target”, “intend” and “expect” and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company’s actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
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