Wall Street Transcript Interview with James Woodyatt, the President of xG Technology, Inc. (XGTI)

Wall Street Transcript

67 WALL STREET, New York - July 21, 2014 - The Wall Street Transcript has just published its Wireless Communications & Telecom Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Increased Competition in Wireless Space - Mobile Trends in Emerging Markets - China LTE Market - Hypercompetitiveness in Handset Market - Emerging Market Volumes

Companies include: xG Technology, Inc. (XGTI) and many more.

In the following excerpt from the Wireless Communications & Telecom Report, the President of xG Technology, Inc. (XGTI) discusses company strategy and the outlook for this vital industry:

TWST: Is it accurate to say that some of what you are trying to do is maximize the existing spectrum, or use currently idle portions of it?

Mr. Woodyatt: Yes. We have pioneered the development of approaches that make more efficient use of existing spectrum allocations. Essentially, that makes spectrum available that has been previously considered unusable for wireless communications. Our smart radio technologies enable the sharing of spectrum, which governments and others are touting as a solution to the spectrum crisis. The idea of spectrum sharing means that instead of selling spectrum to companies like AT&T and Verizon for one-off payment, the governments are considering reassigning spectrum for use by any users that can coexist with other users in a friendly manner.

For example, the U.S. Navy has large amounts of spectrum nationwide, even more than AT&T. So it's reserved for the Navy. However, there are no harbors in Omaha, Nebraska, so why would you have that spectrum reserved for use by the Navy there? The idea of the government is not to take that spectrum away from the Navy but to allow others to use it or parts of it, so long as the Navy is not. They are creating a model where the user will pay for what they use, while sharing spectrum. The only way you can do that is by having smart radio technologies or, in other words, cognitive networks. So really that's the essence of what we look at and what we talk about when we're talking about cognitive radio.

There are two schools of thought. One of them basically says that cognitive radios are radios that refer back to a database of available channels and make a decision based on what the database tells them. In other words, a database tells the radio what it could do. But the really cognitive radio is a radio that can make decisions and act in a very agile manner in real time. As opposed to simply following a database, they are designed to be aware of their environment and are intelligent enough to know what they should do.

So what are cognitive radios? An analogy is: If you are walking down the streets of midtown New York at lunch time, thousands of people are walking on the street. Every human being has a cognitive brain. That cognitive brain allows you to walk in the midtown streets at lunch time with thousands of other people, and with a slight twitch of a muscle, your cognitive brain can detect what the guy coming towards you, moving away from you, on your side, left or right is about to do and therefore avoid a collision.

If you didn't have a cognitive brain, you couldn't have all those people walking on the street at the same time. Otherwise they will bump into each other and fall over. That is very much the issue with today's systems; the lack of cognitivity is causing information packages to collide over the air, and therefore creating dropped calls and slow data sessions.

TWST: Who are your target customers?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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