SARASOTA, FLORIDA, MAY 10, 2017 –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 Vislinkbusiness has received orders valued at over $600,000 for HD airborne video downlink systems from county law enforcement agencies located in California and Florida.
Vislink HD airborne video downlink systems deliver live pictures and seamless video streams obtained from helicopters and other aircraft to command and control assets on the ground. The equipment covered by the orders include an integrated suite of downlink transmitters, antennas, diversity receivers, handheld receivers and media servers. The components are designed to capture and share real-time, high-definition video for display at Emergency Operation Centers, mobile command units and directly to smartphones via cellular and Wi-Fi networks. Vislink also ensured that complete configuration, testing and other support services were included, according to the specific needs of each client.
“These most recent airborne downlink system orders extend Vislink’s 40-year heritage of providing video transmission solutions to support aerial law enforcement agency operations,” said George Schmitt, Executive Chairman and CEO of xG Technology. “The public safety and surveillance market continues to exceed our expectations and we expect it to deliver strong results for us in the US and internationally for the remainder of the year.”
John Payne IV, president of IMT USA, said, “Our strength is designing airborne video downlink systems that provide complete situational awareness for enhancing public safety. Our systems deliver live, broadcast-quality, mission-critical imagery to command staff from deployed aerial assets, with the added benefits of interoperability and compatibility with equipment from neighboring agencies. Providing ground-based personnel an immediate clear and reliable picture of what is being viewed from above allows faster and more accurate decision making.”
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 atwww.imt-solutions.com. Vislink specializes in the wireless capture, delivery and management of secure, high-quality, live video, and serves broadcast & media and defense & 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 athttp://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.
