SARASOTA, FLORIDA, MAY 4, 2017 –xG® Technology, Inc. (“xG”) (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 Vislink business has received an order valued at approximately $1.2 million for wireless camera systems from a major worldwide news organization.
The systems have been purchased for deployment throughout the U.S. for ad-hoc, untethered newsgathering production and operations. They will be utilized to provide live, real-time coverage of major news events, including both scheduled and breaking events, special reports and other features. They will also be used to support live in-studio system applications.
“This order underscores the ability of our video transmission businesses to deliver systems that meet the stringent requirements of tier-one clients,” said George Schmitt, Executive Chairman and CEO of xG Technology. “The purchase was the culmination of extensive testing that confirmed our wireless camera solutions were uniquely suited to address their needs.”
John Payne IV, president of IMT USA, said, “The Vislink systems offer an unmatched suite of capabilities that made for a compelling purchase decision. The standout features of the system include superior H.264 encoding qualities, robust RF performance powered by Vislink’s proprietary LMS-T modulation scheme and an ultra-low latency that perfectly matches the client’s workflows needs. The solution also incorporates the FocalPoint Camera Control System, which enables real-time remote control of all critical camera parameters. In summary, the attributes of our wireless systems have been implemented to ensure the integrity and consistency of newsgathering operations.”
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. xMax was specifically designed to serve as an expeditionary and critical communications network for use in unpredictable scenarios and during fluid situations. This makes it a compelling solution 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.
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