SARASOTA, Fla., June 17,
2015 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company")
(Nasdaq: XGTI, XGTIW), a developer of wireless communications and
spectrum sharing technologies, announced today the successful
installation and initial deployment of an xMax broadband network in
Escazu, Costa Rica by Itellum, LLC
("Itellum"). This represents the first stage of xMax network
deployments that are expected to cover additional areas of
Costa Rica, with plans for
expansion into other Latin American locations, as announced by xG
on May 20, 2015.
The terrain in Costa Rica is
primarily a coastal plain separated by rugged mountains and
extensive forests, and Escazu is spread out over a hillside
overlooking San Jose, the national
capital. This type of geography presents many challenges to
establishing and maintaining reliable wireless services.
xMax was designed to assure reliable wireless communications in
difficult and diverse operating environments, whether they be the
result of challenging topologies, interference (both natural and
manmade) or other adverse deployment conditions. This makes it
ideal for the wide variety of terrain and conditions encountered
throughout Latin America.
Tim Foss, CEO of Itellum (one of
the four companies participating in the xMax deployment), said, "We
are pleased to report the successful completion of the first stage
of the xMax deployment in Costa
Rica. Despite operating in a high-density urban environment,
we are obtaining excellent coverage using xG Technology networking
equipment deployed as both fixed and mobile infrastructure. In
addition, performance has exceeded expectations, and we are already
achieving full system throughput of approximately 2 Mbps. We look
forward to extending the network throughout Costa Rica, and we are developing plans for
deployment in additional countries in the region."
George Schmitt, CEO and Board
Chairman of xG Technology, said, "This successful initial
deployment in Costa Rica further
demonstrates the value of xG's technology in a wide variety of
operating environments, both in the U.S as well as in foreign
markets. While we are already seeing impressive throughput in the
xMax system, forthcoming releases of our software-defined radio
platform will offer our customers even more opportunities for
tailoring their bandwidth and other options to their exact
requirements."
Mr. Schmitt continued. "From providing a high level of
reliability in demanding situations, to overcoming gaps in coverage
and capabilities in traditional systems, xMax excels in delivering
and extending wireless services efficiently and economically where
not previously possible. This will be extremely beneficial in parts
of the world that lack access to high-performance, low-cost
broadband services."
About xG Technology, Inc.
Founded in 2002, xG Technology has created a broad
portfolio of intellectual property that makes wireless networks
more intelligent, accessible, affordable and reliable. The company
is the developer of xMax, a patented all-IP cognitive radio network
system that enables secure, 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.
The xMax system delivers always-available voice, video and data
services to both fixed and mobile users, and is interoperable with
existing cellular and dedicated networks without being dependent on
them. xMax 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 in unpredictable environments
and during fluid situations. xG offers solutions for numerous
industries worldwide, including emergency response and public
safety, military, urban and rural wireless broadband, utilities,
and critical infrastructure.
Based in Sarasota, Florida, xG
has over 50 U.S. and over 100 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.
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:
Media Relations
Daniel
Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035
Investor and Analyst Relations
James
Woodyatt
xG Technology
james.woodyatt@xgtechnology.com
(954) 572-0395
Jody Burfening/Carolyn Capaccio
LHA
ccapaccio@lhai.com
(212) 838-3777
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SOURCE xG Technology, Inc.