SARASOTA, Fla., Sept. 25, 2013 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW; AIM: XGTU.L, XGT.L), a developer of wireless communications and spectrum sharing technologies, is pleased to announce that its xVM™ and xAP™ cognitive radio networking devices have passed U.S. Federal Communications Commission (FCC) testing. The xVM (xMax Vehicle Modem) has received FCC certification by way of a Grant of Equipment Authorization, which allows for its legal distribution and sale in the U.S. The xAP (xMax Access Point) is awaiting final FCC certification paperwork, which is expected to be received shortly. This completes all required FCC testing needed for xMax Cognitive Radio products.
It is an IP67-rated ruggedized subscriber device that is designed for use in or on vehicles. The xVM seamlessly connects smartphones, tablets, notebooks and other devices to the Internet via an xMax cognitive radio network. It is waterproof and can withstand wide temperature ranges and challenging environmental conditions. While primarily developed for vehicle usage, the xVM may also be externally mounted in fixed locations like parks or other outdoor areas to provide WiFi and wired Ethernet access for use in monitoring, surveillance, machine-to-machine (M2M) and other applications.
The xAP is a compact base station that communicates wirelessly with xMod and xVM devices. The xMax xAP is an all-IP, high-capacity, high-performance wireless access point that that will deliver wide area coverage and reliability even when there is significant interference. The xAP brings together innovative technologies including software defined radio (SDR), cognitive networking and a 2x4 MIMO in a compact and affordable broadband access point. These capabilities enable the xAP to deliver broadband throughput for fixed, nomadic and mobile applications.
"We are extremely pleased to have the xVM so closely follow the xMod in receiving FCC approval for commercial delivery and use," said John Coleman, CEO of xG Technology. "The xVM's rugged design is well-suited for deployment in public safety, homeland security, utilities and military applications. Now that all xMax radio products have successfully passed FCC testing, we will soon deliver product to customers, once we receive final certification paperwork for the xAP in the coming few days."
The FCC requires that all telecom and radio communications equipment meet minimum compliance standards before shipment to customers. Production-ready xVM and xAP devices successfully passed testing under standard Part 15 of FCC rules governing allowed output power, harmonics and occupied bandwidth.
xMax is a comprehensive fixed and mobile broadband solution that is designed for rapid deployment and low operating costs. It offers a carrier-grade user experience and can serve as a network backbone or last-mile solution in a number of markets and applications. xMax leverages SDR technology that enables it to exploit licensed, unlicensed and shared spectrum. The Company's products have been tested and trialed at two U.S. Army bases, with a rural telecom provider, and in an urban/suburban mobile data and VoIP network in Fort Lauderdale, Florida.
About xG Technology
xG Technology, Inc. develops a broad portfolio of intellectual property to make wireless networks more intelligent, accessible, affordable and reliable. The company has created xMax, a patented all-IP cognitive radio technology that enables spectrum sharing. 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. xG's goal is to help wireless broadband network operators make more efficient use of their spectrum allocations and to create new opportunities for innovation in unlicensed spectrum. The xMax cognitive radio system incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation and self-organizing networks. xG offers solutions for numerous industries worldwide, including urban and rural wireless broadband, utilities, defense, emergency response and public safety.
Based in Sarasota, Florida, xG has over 60 U.S. and over 140 international patents and pending patent applications, and its technology is available for licensing in both domestic and foreign markets. xG is a publicly traded company listed on the NASDAQ Capital Market and on the London Stock Exchange's Alternative Investment Market (AIM). On the NASDAQ, xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW. On the AIM, xG's unrestricted shares trade under the stock symbol XGTU.L and xG's restricted 'Reg S' shares trade under the stock symbol XGT.L.
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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