xG Technology Inc. xMax Beta test (0446O)
16 Settembre 2013 - 2:00PM
UK Regulatory
TIDMXGT TIDMXGTU
RNS Number : 0446O
xG Technology Inc.
16 September 2013
September 16, 2013
xG Technology, Inc.
("xG", "xG Technology" or the "Company")
xG Technology Deploys xMax Cognitive Radio Beta Network
Will enable in-depth field testing and end user feedback
xG Technology (Nasdaq: XGTI, XGTIW; AIM: XGTU.L, XGT.L), a
developer of wireless communications and spectrum sharing
technologies, today announced that it has deployed xMax equipment
for a beta network to be operated in cooperation with NEFCOM, the
local Internet and telecom service provider. xG will use the beta
network to validate various features and capabilities of the xMax
system, including range, throughput, mobile hand-off, software
updates and other key features and to demonstrate that xG's
patented interference mitigation technology enables reliable
operation of carrier-grade wireless broadband networks in shared,
licensed and unlicensed frequencies.
The deployment consists of multiple xMax xAP wireless access
points installed in two separate locations to provide broadband
data and voice coverage to the downtown areas of Macclenny and Glen
St. Mary in northern Florida. End users, selected from the
employees and customers of NEFCOM, will use the xMax system for a
wide variety of applications.
"The deployment of the beta network is a major milestone and is
the result of ongoing efforts and innovations from the xG team,"
said John Coleman, CEO of xG Technology. "It will provide us with
valuable real-world feedback on the end-to-end performance of the
system, as well as from end-users as they put it to use in their
daily activities. We look forward to working with NEFCOM, and
appreciate their contribution of network connectivity, technical
support and customer access."
xMax is a comprehensive fixed and mobile broadband solution that
is designed for rapid deployment and low operating costs. It offers
a carrier-grade user experience and can serve as a network backbone
or last-mile solution for a number of markets and applications.
xMax leverages Software Defined Radio (SDR) and Cognitive
networking technology that enables efficient sharing of both
licensed and unlicensed spectrum.
END
Contacts
xG Technology, Inc. www.xgtechnology.com
John Coleman, Chief Executive
Officer +1 212 651 4219
Roger Branton, Chief Financial
Officer +1 212 651 4219
James Woodyatt, Investor
Relations +1 954 572 0395
Allenby Capital Limited www.allenbycapital.com
(Nominated Adviser and Joint
Broker)
Nick Naylor +44 20 3328 5656
Mark Connelly +44 20 3328 5656
First Columbus LLP (Joint www.first-columbus.com
Broker)
Chris Crawford +44 20 3002 2070
Fusion PR (Media and Analyst www.fusionpr.com
Relations)
David Worthington +1 212 651 4200
ABOUT XG TECHNOLOGY
xG Technology, Inc. develops a broad portfolio of intellectual
property to make wireless networks more intelligent, accessible,
affordable and reliable. The company has created xMax, a patented
all-IP cognitive radio technology that enables spectrum sharing.
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
network operators make more efficient use of their spectrum
allocations and to create new opportunities for innovation in
unlicensed spectrum. The xMax cognitive radio system incorporates
advanced optimizing technologies that include spectrum sharing,
interference mitigation and self-organizing networks. 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 over 60 U.S. and over 140
international patents and pending patent applications, and its
technology is available for licensing in both domestic and foreign
markets. xG is a publicly traded company listed on the NASDAQ
Capital Market and on the London Stock Exchange's Alternative
Investment Market (AIM). On the NASDAQ, xG common stock is traded
under the symbol XGTI and xG warrants are traded under the symbol
XGTIW. On the AIM, xG's unrestricted shares trade under the stock
symbol XGTU.L and xG's restricted 'Reg S' shares trade under the
stock symbol XGT.L. For more information, please visit
www.xgtechnology.com.
Cautionary Statement Regarding Forward Looking Statements
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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