SARASOTA, Fla., Sept. 25, 2013 /PRNewswire/ -- xG Technology,
Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW; AIM: XGTU.L,
XGT.L), a developer of wireless communications and spectrum sharing
technologies, is pleased to announce that its xVM™ and xAP™
cognitive radio networking devices have passed U.S. Federal
Communications Commission (FCC) testing. The xVM (xMax Vehicle
Modem) has received FCC certification by way of a Grant of
Equipment Authorization, which allows for its legal distribution
and sale in the U.S. The xAP (xMax Access Point) is awaiting final
FCC certification paperwork, which is expected to be received
shortly. This completes all required FCC testing needed for xMax
Cognitive Radio products.
The xVM is the second xMax cognitive radio networking
product to receive FCC certification, following the xMod Mobile
Hotspot that was granted authorization on Sept. 4, 2013.
It is an IP67-rated ruggedized subscriber device that is
designed for use in or on vehicles. The xVM seamlessly connects
smartphones, tablets, notebooks and other devices to the Internet
via an xMax cognitive radio network. It is waterproof and can
withstand wide temperature ranges and challenging environmental
conditions. While primarily developed for vehicle usage, the xVM
may also be externally mounted in fixed locations like parks or
other outdoor areas to provide WiFi and wired Ethernet access for
use in monitoring, surveillance, machine-to-machine (M2M) and other
applications.
The xAP is a compact base station that communicates wirelessly
with xMod and xVM devices. The xMax xAP is an all-IP,
high-capacity, high-performance wireless access point that that
will deliver wide area coverage and reliability even when there is
significant interference. The xAP brings together innovative
technologies including software defined radio (SDR), cognitive
networking and a 2x4 MIMO in a compact and affordable broadband
access point. These capabilities enable the xAP to deliver
broadband throughput for fixed, nomadic and mobile
applications.
"We are extremely pleased to have the xVM so closely follow the
xMod in receiving FCC approval for commercial delivery and use,"
said John Coleman, CEO of xG
Technology. "The xVM's rugged design is well-suited for deployment
in public safety, homeland security, utilities and military
applications. Now that all xMax radio products have successfully
passed FCC testing, we will soon deliver product to customers, once
we receive final certification paperwork for the xAP in the coming
few days."
The FCC requires that all telecom and radio communications
equipment meet minimum compliance standards before shipment to
customers. Production-ready xVM and xAP devices successfully passed
testing under standard Part 15 of FCC rules governing allowed
output power, harmonics and occupied bandwidth.
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 in a number of markets and applications. xMax
leverages SDR technology that enables it to exploit licensed,
unlicensed and shared spectrum. The Company's products have been
tested and trialed at two U.S. Army bases, with a rural telecom
provider, and in an urban/suburban mobile data and VoIP network in
Fort Lauderdale, Florida.
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.
For More Information:
David
Worthington
Fusion PR (Media and Analyst Relations)
www.fusionpr.com
(212) 651-4200
James Woodyatt
xG Technology, Inc (Investor Relations)
www.xGtechnology.com
(954) 572-0395
SOURCE xG Technology, Inc.