SARASOTA, Fla., Oct. 23, 2017 /PRNewswire/ -- xG Technology,
Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leading
provider of wireless video solutions to broadcast, law enforcement
and defense markets, and private mobile broadband networks for
critical communications, announced that its IMT Vislink business
has received a $360,000 order from a
prominent U.S. television station for its NewStream comprehensive
mobile broadcast transmission solution.
NewStream is a multi-mode mobile transmission system that makes
gathering and transmitting live news and events a seamless
experience. NewStream combines microwave, satellite, and cellular
newsgathering technologies into a single 2-rack unit chassis, with
an easy-to-use front panel that simplifies workflow. The unit
allows for on-the-fly switching of transmission technology in the
field, depending on the most efficient method of newsgathering
available on scene.
NewStream was specifically designed to meet both current and
future requirements, providing broadcasters a clear upgrade path to
multi-channel newsgathering. NewStream can easily integrate with a
variety of other IMT Vislink uplink products for additional data
and video applications. With its vendor-agnostic design, NewStream
can easily provide multi-channel support to any existing
newsgathering system.
John Payne IV, president of IMT
USA, said, "The NewStream system
delivers a comprehensive, future-proof solution that has enjoyed a
stellar reputation for meeting the evolving needs of the
broadcasting industry. With streamlined design, industry-leading RF
performance, a highly expandable technology platform and
exceptional ease of use, NewStream takes the overall efficiency of
newsgathering operations to a new level."
About xG Technology, Inc.
xG Technology's
brands provide wireless video solutions to broadcast, law
enforcement and defense markets, and private mobile broadband
networks for use in challenging environments. xG's brand portfolio
includes Integrated Microwave Technologies (IMT), Vislink, and
xMax.
IMT has pioneered advanced digital microwave systems and is a
trusted supplier to broadcast, sports and entertainment, and MAG
(Military, Aerospace & Government) markets. Their products are
recognized for their high level of performance, reliability, build
quality, extended operating ranges and compact form factors. More
information about IMT can be found at www.imt-solutions.com.
Vislink specializes in the wireless capture, delivery and
management of secure, high-quality, live video, and serves
broadcast & media and public safety & surveillance markets.
More information about Vislink can be found at
http://www.vislink.com/.
xMax is a secure, rapid-deploy mobile broadband system that
delivers mission-assured wireless connectivity in demanding
operating environments. It was designed to serve as an
expeditionary and critical communications network for use in
unpredictable scenarios and during fluid situations, making it
ideal for disaster response, emergency communications, and defense
applications. More information about xMax can be found at
http://www.xgtechnology.com/system-overview/. In addition to the
above business lines, xG has a dedicated Federal Sector Group (xG
Federal) focused on providing next-generation spectrum sharing
solutions to national defense, scientific research and other
federal organizations. Additional information about xG Federal can
be found at http://www.xgtechnology.com/technology/xg-federal/.
Based in Sarasota, Florida, xG
Technology has over 100 patents and pending patent applications. xG
is a publicly traded company listed on the NASDAQ Capital Market
(symbol: XGTI) 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
xG
Technology:
Daniel
Carpini
941-953-9035
daniel.carpini@xgtechnology.com
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SOURCE xG Technology, Inc.