SARASOTA, Fla., Sept. 9, 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 xMod mobile hotspot
has received U.S. Federal Communications Commission (FCC)
certification to allow for nationwide distribution and sale in the
U.S.
The xMod is a mobile hotspot device that seamlessly connects
WiFi, USB or Ethernet-enabled smartphones, tablets, notebooks and
other devices to the Internet as well as voice networks through
xG's xMax cognitive radio network. The xMax network is a
comprehensive fixed and mobile broadband solution that gives
service providers the capacity to share spectrum. xMod has been
designed to meet the demands of a wide range of applications
including rural broadband, machine to machine (M2M) and enterprise
networks.
The FCC requires that all telecom equipment and radio
communication equipment meet minimum compliance standards before
they can be legally marketed and sold. Production-ready xMod
devices were tested and certified under standard Part 15 of FCC
rules governing allowed output power, harmonics and occupied
bandwidth. They received FCC approval through the agency's Grant of
Equipment Authorization procedures that ensure regulatory
compliance.
"Receiving FCC certification for the xMod is significant
achievement and final step in the commercial availability of this
breakthrough product," said Scott
Garlington, Vice President of Engineering for xG Technology.
"It provides further validation that our software and hardware are
working as designed and in accordance with FCC guidelines for
commercially available products. We also believe that this is a
very positive indicator for the remaining xMax products currently
undergoing FCC testing, and look forward to their upcoming
certification as well."
xMax is designed for rapid deployment and low operating costs.
It offers a carrier-grade user experience and can serve as a
network backbone or a last-mile solution in multiple markets and
applications. xMax leverages Software Defined Radio (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, 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.