xG Technology

Sarasota, Florida—January 17, 2017— xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), a leader in providing critical wireless communications for use in challenging operating environments, announced today that the Company has paid off debt incurred from the acquisition of Integrated Microwave Technologies (“IMT”) and earlier than required in the original acquisition agreement.

xG completed the $3MM acquisition of IMT on January 29^th, 2016 using debt financing from the seller, Skyview Capital, LLC (“Skyview”). xG subsequently recorded a bargain purchase gain on the acquisition of approximately $2.7MM after receiving an independent valuation of the assets acquired. The original agreement required payoff of the debt over the following eighteen months. xG made the final payment on the outstanding debt and, as such, the obligation to Skyview has now been paid in full.

Roger Branton, CFO said, “We wish to formally thank Skyview and its principals for their professionalism in working with us over the past year on the transaction.”

About xG Technology, Inc.

Founded in 2002, xG Technology has developed technologies that enable always-available, always-connected and always-secure voice, broadband data and video communications. The company’s brand portfolio includes xMax and Integrated Microwave Technologies (IMT).

xMax is a patented all-IP, software-defined cognitive radio network that delivers mission-assured wireless connectivity in any RF environment. It provides a solution to the challenges of interoperability, survivability and flexibility in expeditionary and critical communications networks. xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR), making it ideal for wide area, as well as rapid emergency communication deployment in unpredictable environments and during fluid situations. xMax offers solutions for numerous industries worldwide, including military, emergency response and public safety, telemedicine and critical infrastructure.

IMT is a leading provider of mission-critical video solutions, advanced digital microwave systems and engineering, integration, installation and commissioning services serving the Broadcast, Sports & Entertainment and MAG (Military, Aerospace & Government) markets. Since its inception, IMT has focused on building a product portfolio that incorporates a high level of performance, reliability and build quality, extended operating ranges and compact form factors. IMT’s product lines include digital broadcast microwave video systems, compact microwave video equipment for licensed and license-free sports and entertainment applications, and wireless video solutions designed for use by state, local and federal police departments. More information on IMT can be found at www.imt-solutions.com.

Based in Sarasota, Florida, xG 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:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post xG Technology, Inc. Pays Off Debt from IMT Acquisition appeared first on xG Technology.

IMT President and RIT Alumnus’ microLite Used for the School’s Broadcast Needs

ROCHESTER, NY, JANUARY 19, 2017 – When James Bober, assistant director/chief engineer of RIT Production Services at Rochester Institute of Technology (RIT), needed a wireless broadcast solution for his multi-camera broadcasts for hockey, campus events, graduations and concerts, he turned to the microLite HD system from Integrated Microwave Technologies (“IMT”), a business unit of xG Technology, Inc. (“xG”) (Nasdaq: XGTI, XGTIW) and a leader in advanced digital microwave systems serving the law enforcement, broadcast, sports and entertainment markets.

Bober takes full advantage of the versatility of the microLite, from installing it on a boom lift during graduation ceremonies, to mounting it on cameras for cutaways during hockey games on the team benches and in the locker room. During past broadcasts, Bober relied on wired connections and IP streams, but now he can do so wirelessly, which cuts down on setup time and gives his team a lot more flexibility.

“Nine years ago we built an HD mobile production facility at RIT, which was the first HD truck in the upstate New York area that originally was set up for five cameras with expandability to eight,” explains Bober. Fast forward nine years with the addition of the microLite we now have grown to a 14-camera shoot for pre-game and game coverage, so it’s a fairly elaborate production setup for our live broadcast.”

Bober’s production team loves the flexibility and versatility the microLite affords them. From an upcoming pancreatic cancer walk, to freshman orientation, to ribbon cutting ceremonies for new buildings, the microLite system is used campus wide. One of the school’s biggest uses is for production of RIT hockey through their award-winning SportsZone Live broadcasts. “RIT is a division one hockey team, and what prompted the purchase of the microLite this year was that we started a new SportsZone Live pregame show,” says Bober. “This half hour show before the game is being broadcasted across the northeast through Time Warner Cable and on-line via Internet streams, so we really needed a reliable wireless broadcast system.

While RIT does not have a Broadcast Television Program per say, the University is the home of the School of Film and Animation, along with Communications Programs and Imaging Science degrees that all interact and relate to live broadcast. RIT uses students for many of their production positions with staff oversight. “Utilizing equipment like IMT’s microlite system allows our students a hands-on approach to innovative technologies and allows them to have real-world experience before entering the marketplace,” says Bober.

“Right now, I’m set up with the microLite from point to point, but the primary reason for going with IMT’s system over some of the other competing systems out there, is its expandability and versatility,” adds Bober. “IMT has its diversity series of new receivers and antenna array systems. My intent is ultimately to use that same transmitter and same receiver along with additional antennas to be able to expand beyond a portable setup and to potentially equip the campus so that a wireless camera can pretty much be used anywhere on campus. IMT has the capabilities that allow me to do just that.”

The microLite HD Transmitter is a superior portable system of wireless camera transmission links for high-quality video applications of up to one-mile line-of-sight (LOS). It provides exceptional range at no cost to microLite HD’s signature portability. Featuring superb H.264 encoding capabilities and operating in the standard 2k DVB-T COFDM mode, the H.264 video encoder supports the main profile of the H.264 standard and therefore provides a 30 percent bit-rate reduction or video-quality improvement compared to encoders that only support the H.264 baseline profile.

“I could not be happier working with RIT to help the engineering team expand their broadcast capabilities,” says John Payne IV, president of IMT and RIT alumnus. “I am proud to be able to give back to a school that gave so much.”

About Integrated Microwave Technologies

Integrated Microwave Technologies (IMT), a business unit of xG Technology, Inc., is a leader in advanced digital microwave systems and a provider of engineering, integration, installation and commissioning services serving the broadcast, sports, entertainment and law enforcement markets. The company comprises the leading microwave brands Nucomm, RF Central and IMT, offering customers worldwide complete video solutions. Nucomm is a premium brand of digital broadcast microwave video systems. RF Central is an innovative brand of compact microwave video equipment for licensed and license-free sports and entertainment applications. IMT is a trusted provider of mission-critical wireless video solutions to state, local and federal police departments.

More information can be found at www.imt-solutions.com and www.xgtechnology.com.

# # #

Cautionary Statement Regarding Forward Looking Statements

FOR MORE INFORMATION

xG Technology:
Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com
www.xgtechnology.com

The post INTEGRATED MICROWAVE TECHNOLOGIES (IMT) HEADS BACK TO ITS ROOTS WITH ROCHESTER INSTITUTE OF TECHNOLOGY (RIT) appeared first on xG Technology.

MPEG-4 COFDM Transmitter/Camera Delivers Unprecedented Perspective and Points of View for Drone/UAV, Body Cam, Sports Broadcast and Reality-Based Production Applications

HACKETTSTOWN, NJ, FEBRUARY 1, 2017 – Integrated Microwave Technologies (“IMT”), a business unit of xG Technology, Inc. (“xG”) (Nasdaq: XGTI, XGTIW), and a leader in advanced digital microwave systems serving the law enforcement, broadcast, sports and entertainment markets, announces the DragonFly, an ultra-miniature wireless video system, has begun shipping to customers.

The Dragonfly sets the standard in compact wireless video technology by delivering completely new and expanded points of view and perspective. It is available in a range of kits to fit various applications, including drones, sports and broadcast. Each offering caters to the specific needs of the application. The DragonFly has a compact and lightweight form factor and features minimized power requirements, making it ideal for drone and mobile use.

“We realize the broad range of possibilities the DragonFly offers, which is why we designed multiple variations of the product to fit many applications,” says John Payne IV, president of IMT. “With the DragonFly achieving ultra-low latency, users can utilize it for remote control applications, making it the most reliable transmitter on the market.”

The DragonFly features HD/SD-SDI or optional HDMI inputs and delivers up to 50mW of power in a package measuring in at 1.85 in. x 1.38 in. x .51 in. (50 mm x 35 mm x 13 mm) that weighs less than 1.2 oz. (34 g), providing long range, reliable HD video transmission. IMT’s COFDM technology ensures the transmission of uninterrupted, live TV pictures over two miles Line-of-Sight (LOS), despite the effects of foliage, challenging terrain, buildings and other common non-line-of-sight limitations. The DragonFly also features internal ISM and GPS anti-jam filters and is available in licensed and unlicensed frequency bands.

Each DragonFly kit comes with various accessories needed to plug and play the system with ease, including mounting accessories, a microdrone ultra-small omni antenna, an HDMI or SDI extension cable and a DC integration power cable. Addition optional accessories include an ultra-small HD-SDI camera with various lens, and RS-485 and S-Bus cables.

The DragonFly is easily managed through a WiFi webpage. An Android^™ or iOS device can detect the encrypted WiFi signal and automatically opens a browser window. Additionally, the DragonFly supports RS485 control channels and S-Bus controls through a 900MHz transceiver. The transceiver provides bi-direction controls of the transmitter, accessory camera, gimbal controls and more.

The DragonFly is compatible with IMT’s full line of receivers, including the IMT Direct VU HD handheld receiver, DR3 and CRx. Additional information and technical specifications for the DragonFly can be found at https://imt-solutions.com/product/dragonfly/.

About Integrated Microwave Technologies

More information can be found at www.imt-solutions.com and www.xgtechnology.com.

# # #

Cautionary Statement Regarding Forward Looking Statements

FOR MORE INFORMATION

Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com
www.xgtechnology.com

The post INTEGRATED MICROWAVE TECHNOLOGIES (IMT) LAUNCHES DRAGONFLY ULTRA-MINIATURE WIRELESS VIDEO SYSTEM appeared first on xG Technology.

Sarasota, Florida—February 2, 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, effective today, it has completed the acquisition of Vislink Communication Systems (“Vislink”) and has now assumed full ownership of the business. This follows a vote by Vislink shareholders today which approved, as expected, amendments to the existing agreements executed on December 16, 2016, allowing for the formal transition of Vislink to xG to take place on today’s date.

The acquisition, as originally announced on October 20, 2016 was a $16 million binding asset purchase agreement. The acquisition was paid for with $6.5 million in cash and a $9.5 million promissory note. xG presently plans to pay the promissory note off with a combination of new debt and internal funding.

About xG Technology, Inc.

xG Technology is a provider of market-leading wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in challenging environments. The company is focused in delivering communications technologies that provide its customers enhanced levels of reliability, mobility, performance and efficiency in their business operations and missions. xG markets its technology solutions across three business units: Integrated Microwave Technologies (IMT), Vislink Communication Systems and xMax.

IMT is a pioneer in the design, development and distribution of advanced digital microwave systems and has been a trusted supplier to broadcast, sports and entertainment, and MAG (Military, Aerospace & Government) markets. The company’s product lines 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 from the field to the point of usage, serving broadcast & media and public safety & surveillance markets. More information about Vislink can be found at http://www.vislink.com/.

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

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post xG Completes Acquisition of Vislink Communication Systems, Assuming Full Legal Ownership appeared first on xG Technology.

Sarasota, Florida—February 2, 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, today announced that it intends to offer for sale shares of its common stock and warrants to purchase its common stock in an underwritten public offering. The company intends to use the net proceeds from this offering for working capital and to fund other general corporate purposes, including funding the costs of operating as a public company. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

This offering is being made pursuant to an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission. A preliminary prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that xG Technology has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about xG Technology and such offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About xG Technology, Inc.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post xG TECHNOLOGY ANNOUNCES PROPOSED PUBLIC OFFERING OF SECURITIES appeared first on xG Technology.

Sarasota, Florida—February 8, 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, today announced the pricing of an underwritten offering of 1,750,000 shares of its common stock and warrants to purchase up to an aggregate of 1,312,500 shares of its common stock at a combined offering price of $2.00. The warrants will have a per share exercise price of $2.00, will be exercisable immediately and will expire five years from the date of issuance. The gross proceeds to xG from this offering are expected to be approximately $3,500,000, before deducting underwriting discounts and commissions and other estimated offering expenses. The offering is expected to close on February 14, 2017, subject to customary closing conditions.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and became effective on August 21, 2014.

The offering will be made only by means of a prospectus. A copy of the prospectus relating to the offering may be obtained, when available, by contacting Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019, telephone: 212-813-1010, e-mail: prospectus@aegiscap.com.

Investors may also obtain these documents at no cost by visiting the SEC’s website at http://www.sec.gov.

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. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. 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/products/.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post XG TECHNOLOGY PRICES $3,500,000 OFFERING appeared first on xG Technology.

Sarasota, Florida—February 14, 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, today announced the closing of its previously announced underwritten public offering of 1,750,000 shares of its common stock and warrants to purchase up to an aggregate of 1,312,500 shares of its common stock at a combined offering price of $2.00 per share and related warrant. The warrants have a per share exercise price of $2.00, are exercisable immediately and will expire five years from the date of issuance.

Gross proceeds to xG Technology, Inc. from this offering are approximately $3,500,000 before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company.

The Company intends to use the net proceeds from this offering for working capital and to fund other general corporate purposes, including funding the costs of operating as a public company. The Company may also use a portion of the proceeds to cover the remaining portion of its obligations in respect of its recent acquisition of Vislink Communications Systems.

Aegis Capital Corp. is acting as the sole book-running manager for the offering.

The securities described above were offered by the Company pursuant to a registration statement (File No. 333-197820) filed with the Securities and Exchange Commission (the “SEC”) that was declared effective on August 21, 2014, as supplemented by the final prospectus supplement dated February 8, 2017 and filed with the SEC on February 10, 2017. The registration statement and final prospectus are available on the SEC’s website located at http://www.sec.gov/.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. 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/.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post XG TECHNOLOGY CLOSES $3,500,000 PUBLIC OFFERING appeared first on xG Technology.

James Walton, John Payne Will Play Key Roles in Pursuing Worldwide Growth Opportunities for
Mission-Critical Video Solutions

Sarasota, Florida—February 21, 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, today announced that James Walton has been appointed president of IMT Ltd., the new legal entity created by the acquisition of Vislink by xG. Mr. Walton, who previously served as the Chief Executive Officer of Vislink, will assume responsibility for the management of Vislink offices located in the United Kingdom, and all IMT and Vislink business operations outside of the Americas. This includes the sale of all current IMT and Vislink products in those areas. Mr. Walton has also been appointed a corporate officer of xG Technology.

John Payne IV, who previously served as president of the IMT division of xG Technology, will now serve as president of IMT USA, with responsibility for all IMT and Vislink business operations in the Americas, including the sale of all current IMT and Vislink products in those areas.

John Coleman remains president of xG Technology’s Federal business unit. Messrs. Walton, Payne and Coleman will report directly to George Schmitt, and their operations will also be under the purview of Roger Branton, CFO of xG Technology.

George Schmitt, Executive Chairman and CEO of xG Technology, said, “We are pleased that James Walton will be spearheading our efforts to promote our best-in-class video capture, transmit and management solutions to broadcast, sports and entertainment, and mission-critical public safety and defense sectors around the world. At the same time, John Payne and his team at IMT will now have at their disposal expanded product capabilities to deliver innovative solutions to customers in North and South America.”

James Walton said, “I am grateful for the opportunity to help drive the next phase of growth for Vislink and IMT products in global markets. The addition of the IMT range of products to Vislink’s offerings will enable the delivery of comprehensive, highly targeted solutions to our existing and prospective clientele that concretely address their business and mission challenges.”

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. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax.

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. The xG Federal business unit leverage xG’s extensive portfolio of patented RF communications technologies to engage in collaborative research and development projects. Additional information about xG Federal can be found at http://www.xgtechnology.com/technology/xg-federal/.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post XG TECHNOLOGY ANNOUNCES NEW MANAGEMENT APPOINTMENTS IN SUPPORT OF REALIGNED IMT AND VISLINK BUSINESSES appeared first on xG Technology.

Paydown Was Made From Existing Cash and Free Cash Flow Sources

Sarasota, Florida—February 23, 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, today announced that it has paid down $3 million of the $9.5 million deferred payment it assumed in the acquisition of Vislink. The prepayment was made from internal funding sources, primarily existing cash and free cash flow, and reflects the desire of the Company to minimize the need for financing from external sources.

xG’s acquisition of Vislink, which was completed on February 2, 2017, was paid for with $6.5 million in cash and a $9.5 million promissory note. At the request of the seller, xG has agreed to assume $3 million of additional accruals and trade liabilities to settle some of the debt earlier than originally scheduled.

The arrangement for the early prepayment was negotiated by Roger Branton, CFO and co-founder of xG Technology, and Rick Mooers, Director and co-founder of xG. Mr. Branton and his team will work directly with the individual holders of the liabilities xG will be assuming. The Company will seek to make additional early paydowns against the remaining $6.5 million debt from the acquisition using internal cash flow resources in the near future.

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. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax.

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/.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post xG Technology Announces Early $3 Million Prepayment of $9.5 Million Vislink Promissory Note appeared first on xG Technology.

Union of IMT and Vislink Product Lines Provides an Expanded Range of
Comprehensive Video Capture, Transmit and Receive Solutions

LAS VEGAS, MARCH 6, 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 Integrated Microwave Technologies (“IMT”) and Vislink businesses will be jointly showcasing a wide array of products and solutions at NAB 2017 (Booth C8008).

xG Technology acquired Vislink with the goal of merging their operations with those of IMT. The addition of Vislink product lines to IMT brings together, under one roof, the broadcast industry’s most comprehensive range of wireless video capture, transmit and receive systems.

George Schmitt, Executive Chairman and CEO of xG Technology, said, “Since completing the acquisition of Vislink last month, we have begun to aggressively drive the integration of their operations. The joint appearance of IMT and Vislink at NAB 2017 underscores this commitment. The impressive synergies between their product lines allows them to offer a wider and richer set of capabilities than previously available to customers in broadcast and media, as well as in law enforcement, public safety and defense markets.”

“We are excited to be showcasing our expanded product offerings at the premier gathering of broadcast media and entertainment professionals,” says John Payne IV, president of IMT USA. “The synergy of IMT and Vislink allows us to offer best-in-class solutions for collecting and delivering secure, high-quality video from live news, sports and entertainment events.”

Mike Payne, president of Newsnet, a newly created group within IMT focused on the next generation of IP newsgathering solutions, says, “All of us at Vislink are excited to combine our collective resources with IMT to solidify ourselves as leaders within the broadcast and law enforcement markets. The future is tremendously bright as we develop new IP wireless systems, extending studio networks seamlessly into the field.”

Among the key products IMT and Vislink will be presenting at NAB 2017 include:

• Vislink UltraLite, the world’s first end-to-end wireless 4K UHD live video solution;
• IMT DragonFly, a highly-miniaturized wireless video transmission system;
• IMT Nulinx-IP Compact, a self-contained, point-to-point bi-directional microwave link that supports current ATSC 1.0 and future ATSC 3.0 standards;
• Vislink Newsnet, a revolutionary approach to ENG operations that brings studio workflows directly to the field;
• Vislink ViewBack, a lightweight, low power, low latency, dual channel diversity receiver-decoder that enables quicker production, more efficient editing, and more effective collaboration between camera operators and studio teams; and
• Vislink SatWare, a high-performance embedded computing and routing system designed to provide enhance capability and simplified use of broadcast equipment in the field.

About xG Technology, Inc.

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/products/. 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/.

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

The post INTEGRATED MICROWAVE TECHNOLOGIES AND VISLINK JOIN FORCES AT NAB 2017 appeared first on xG Technology.

Future Payments will be from Internal Sources and will be Contingent on the Seller’s
Performance of Contractual Obligations

Sarasota, Florida—March 7, 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, today announced an additional $1.6 million payment of the remaining $6.5 million deferred payment from the acquisition of Vislink. The payment will be made from existing cash and free cash flow sources, as was the case with the $3 million prepayment announced on Feb. 23, 2017.

xG has now made early payments totaling $4.6 million against the original promissory note, thereby reducing the remaining balance to $4.9 million. The company does not plan or anticipate any equity raise to pay off the remaining debt. Additional payments against the promissory note will also be made from existing cash and free cash flow sources.

While xG has thus far sought to work with the seller in their cash constrained situation, the Company also announced that any further payments by the contracted due date will be dependent upon the seller’s performance of all of their contractual obligations. The Company continues to work with the Seller to quantify all remaining liabilities that may otherwise impact xG should the Seller not be able to pay them and/or resolve them to the Company’s satisfaction.

George Schmitt, Executive Chairman and CEO of xG Technology, said, “At the request of the seller, we have agreed to assume liabilities that were to have been contractually paid by them. We are doing this to satisfy the outstanding payments owed to our suppliers, and will be reduced from the money we owe the seller on a dollar for dollar basis. We do not anticipate that we will know enough about the other liabilities that need to be paid by the March 17 due date, and until all outstanding liabilities are dealt with and fully agreed to by both parties, we do not intend to send any cash to the seller. Furthermore, we reserve all our rights to deal with the seller as needed in response to the numerous breaches of the contract that have occurred.”

Mr. Schmitt continued, “I would also like to emphasize that we recognize and appreciate the work of the many Vislink employees who have joined the xG family as a result of this asset purchase. They have been performing up to our expectations and we are delighted to have them as part of the xG team.”

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. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax.

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/.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post xG Technology Announces Additional $1.6 Million Payment on Debt from the Acquisition of Vislink appeared first on xG Technology.

Sarasota, Florida—March 17, 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, today announced that it has reached an agreement with Pebble Beach Systems (“PBS” or “the Seller” and formerly known as Vislink, plc) for extinguishing the remaining deferred debt from the acquisition of Vislink. All deferred payments due from xG against the original promissory notes covering the acquisition of Vislink are now settled in full, and all liens are released.

The agreement included cash and sharing the proceeds from a customer receivable, among other considerations.

George Schmitt, Executive Chairman and CEO of xG Technology, said, “We are pleased to announce the final settlement of all debt arising from the acquisition of Vislink. We have done this without adding any additional debt to our balance sheet, leaving us in an even better position than we expected when we originally made the acquisition. We want to thank the team at MB Technology Holdings for spearheading the negotiations involved in the acquisition on xG’s behalf, especially in reaching this most recent agreement with the seller. Their ability to bring these very difficult and time-consuming negotiations to a successful conclusion is the key reason we have been able to increase our revenue base almost tenfold.”

Mr. Schmitt continued, “We would also like to thank Pebble Beach Systems for working closely with us to successfully resolve all outstanding issues related to the Business Purchase Agreement. The integration of Vislink with IMT and xG is progressing well and ahead of schedule and expectations. We will be updating the market in the next few business days with further details.”

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. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax.

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/.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post xG Technology Announces Timely and Final Payment of Remaining Deferred Debt from Vislink Acquisition appeared first on xG Technology.

Sarasota, Florida—March 20, 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, today announced that the Company will hold an investor and analyst update conference call on Tuesday, March 21, 2017 at 5:00 p.m. ET/2:00 p.m. PT.

Participants are asked to dial in 5-10 minutes prior to the start time using the number/conference ID below:
Date: Tuesday, March 21, 2017
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Dial-In Number: 1-888-317-6003
International: 1-412-317-6061
Conference ID: 7731752

The conference call will also be webcast simultaneously via the following link:
https://www.webcaster4.com/Webcast/Page/1532/20292

The call will also be archived at www.xgtechnology.com/about-xg-technology/investor-information/ for later replay.

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. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax.

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/.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

The post xG Technology to Host Investor Update Conference Call on Tuesday, March 21, 2017 at 5:00 p.m. ET appeared first on xG Technology.

Sarasota, Florida—March 31, 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 its results for the fourth quarter and year ended December 31, 2016.

Key 2016 accomplishments:

Announced a binding agreement to acquire the assets of Vislink Communication Systems (“Vislink”), a provider of integrated video capture, delivery and management solutions to broadcast & media and law enforcement, public safety & defense markets. Subsequent to year-end 2016, xG completed the acquisition and assumed full ownership of the business. xG also announced the final settlement of all debt arising from the acquisition, as well as the release of all liens.
Received a $3.0 million award, won in partnership with Southwest Research Institute® (“SwRI®”) and issued by the Defense Information Systems Agency, for Prototype Spectrum Sharing Systems for the 2025-2110 MHz Band.
Received an order from the US Army to supply an xMax software defined cognitive radio (SDCR) system to serve as a mobile tactical communications infrastructure. The order, received under a sole-source solicitation, was deployed at the U.S. Army Electronic Proving Ground (USAEPG) at Fort Huachuca, AZ. USAEPG is the premier organization of the Army for testing command, communications, control, computer, and intelligence systems and equipment.
Entered into a teaming agreement with Abilis Solutions, Inc. (“Abilis”) and Radio IP Software, Inc. (“Radio IP”) to include xMax broadband network technology in a secure wireless system for use by correctional agencies.
xG’s Integrated Microwave Technologies (“IMT”) business received a $500,000 order from a leading robotic defense contractor for wireless video transmission modules for use in military remote ordnance disposal applications.
IMT received a $450,000 order from a state investigation bureau located in the South Atlantic region for the IMT Airborne Video Downlink System (“AVDS”). The system consists of an integrated suite of downlink transmitters, receivers and antennas that will be used to capture and transmit real-time, reliable high-definition video from fixed-wing aircraft for display at command centers, mobile receivers and on video management systems.
IMT received a $200,000 order from a prominent state police agency located in the Mid-Atlantic region for the IMT AVDS.
IMT launched the Mini DirectVu handheld receiver for use in law enforcement, electronic news gathering and sporting events. The five-inch wireless diversity receiver enables exceptional portability while providing real-time live video from both ground and airborne mobile platforms.
IMT deployed the iSee™ RefCam™ HD-I wireless helmet-worn camera and transmitter at the Canadian Hockey League Memorial Cup Tournament. The RefCam™ is an HD video transmitter with an integrated high definition camera that captures unprecedented footage from the referee’s point of view.
Awarded two new patents: one for adding intelligence and efficiency to cognitive radio wireless networks, and one covering an advanced employment of Multiple Input—Multiple Output (MIMO) antennas that significantly improves wireless communications.

George Schmitt, CEO and Board Chairman of xG Technology, said, “2016 was a transformative year for xG Technology, as we transitioned to a new emphasis on wireless video solutions for public safety, sports and entertainment, and broadcast markets. The acquisition of Vislink represents an excellent fit with our IMT business and offers numerous opportunities for sales, technology and manufacturing synergies between the two businesses. In 2016 we completed the integration of IMT with xG, and we look forward to integrating the IMT and Vislink businesses throughout 2017 and beyond.”

Roger Branton, CFO and co-founder of xG Technology, said, “In 2016 we realized substantial operational cost savings driven primarily by synergies from the integration of IMT. On February 2, 2017, we closed on the $16 million asset acquisition of Vislink using $6.5 million of cash and issuing a $9.5 million promissory note to the seller. After closing, the Company assumed $4.6 million of trade liabilities from the seller offsetting the $9.5 million promissory note. Also, xG collected $5.2 million of cash and used $2 million of that cash to settle the remaining $4.9 million promissory note due the seller. The result was a gain of $2.9 million, full settlement of the promissory note and release of all liens from the seller. We are very excited about the acquisition of Vislink, especially not having any remaining obligations to the seller.”

Review of Results

xG ended the fourth quarter 2016 with $9,054,000 in cash compared to $368,000 at December 31, 2015.

For the year ended December 31, 2016, revenue was $6,574,000 compared to $932,000 in 2015. Of the $6,574,000 in revenue, $6,292,000 resulted from the sales of equipment and $282,000 resulted from engineering and consulting services agreements.

For the year ended December 31, 2016, net loss attributable to common shareholders was $22.7 million, or $(36.87) per share, compared to net loss of $20.9 million, or $(332.32) per share for the year ended December 31, 2015. Earnings before interest, taxes, depreciation and amortization (EBITDA) for December 31, 2016 was of $16.2 million compared to $15.5 million for the year ended December 31, 2015. The Company prospectively has written down approximately $5.1 million of non-cash items related to inventory and impairments of intangibles. Excluding these one-time charges, the Company reported a loss of $11.1 million for December 31, 2016 compared to a loss of $12.6 million for December 31, 2015.

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. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax.

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/.

Cautionary Statement Regarding Forward Looking Statements

For More Information:

Media Relations
Daniel Carpini
xG Technology
daniel.carpini@xgtechnology.com
(941) 953-9035

xG TECHNOLOGY, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF OPERATIONS
(IN THOUSANDS EXCEPT NET LOSS PER SHARE DATA)

	For the Years Ended
	December 31,
	2016			2015
Revenue	$	6,574		$	932
Cost of Revenue and operating expenses
Cost of components and personnel		3,133			510
Inventory valuation adjustments		2,417			861
General and administrative expenses		9,534			7,573
Research and development		6,106			4,928
Impairment charge		2,683			2,092
Amortization and depreciation		5,561			4,829
Total cost of revenue and operating expenses		(29,434	)		(20,793)
Loss from operations		(22,860	)		(19,861)
Other income (expenses)
Changes in fair value of derivative liabilities		2,545			2,559
Offering expenses		(684	)		—
Gain on bargain purchase		2,749			—
Other expense		(1,727	)		(26)
Interest expense		(925	)		(529)
Total other income		1,958			2,004
Net loss	$	(20,902	)	$	(17,857)
Dividends and deemed dividends		(1,808	)		(3,079)
Net loss attributable to common shareholders	$	(22,710	)	$	(20,936)
Basic and diluted net loss per common share	$	(36.87	)	$	(332.32)
Weighted average number of shares outstanding basic and diluted		616			63

xG TECHNOLOGY, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS EXCEPT PER SHARE DATA)

	December 31,
				2016		2015
ASSETS
Current assets
Cash		$	9,054					368
Accounts receivable, net			1,369					641
Inventories, net			2,722					777
Prepaid expenses and other current assets			111					15
Total Current Assets			13,256					1,801
Inventories, net			—					2,078
Property and equipment, net			771					792
Intangible assets, net			5,872					11,903
Total assets		$	19,899				$	16,574
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable		$	1,606				$	1,196
Accrued expenses			1,813					252
Accrued interest			269					137
Due to related parties			96					324
Customer deposits and deferred revenue			186					149
Convertible notes payable			—					781
Obligation under capital lease			58					54
Derivative liabilities			1,183					1,284
Total current liabilities			5,211					4,177
Obligation under capital lease, net of current portion			49					106
Convertible notes payable			2,000					2,000
Total liabilities			7,260					6,283
Commitments and contingencies
Stockholders’ equity
Preferred stock – $0.00001 par value per share: 10,000,000 shares authorized at December 31, 2016 and 2015; 0 shares issued and outstanding as of December 31, 2016 and 2015			—					—
Common stock, – $0.00001 par value, 100,000,000 shares authorized, 7,606,518 and 168,565 shares issued and 7,606,516 and 168,563 outstanding as of December 31, 2016 and 2015, respectively			—					—
Additional paid in capital			221,960					198,710
Treasury stock, at cost – 2 shares as of December 31, 2016 and 2015, respectively			(22		)			(22	)
Accumulated deficit			(209,299		)			(188,397	)
Total stockholder’s equity			12,639					10,291
Total liabilities and stockholders’ equity		$	19,899				$	16,574

The post xG Technology Reports 2016 Results appeared first on xG Technology.

New Bi-Directional Microwave Link Supports ATSC 3.0 Standards

LAS VEGAS, APRIL 18, 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 Integrated Microwave Technologies (“IMT”) business will introduce the Nulinx-IP Compact, a self-contained point-to-point, bi-directional microwave link, at the IMT/Vislink booth at NAB 2017 (Booth C8008).

The Nulinx-IP Compact supports current ATSC IP transport standards and is a highly mobile version of IMT’s Nulinx-IP Flex. This powerful microwave radio is available as an easy-to-install package that brings the high reliability and scalability of carrier-grade microwave to broadcasters.

George Schmitt, Executive Chairman and CEO of xG Technology, said, “The Nulinx-IP Compact continues IMT’s tradition of incorporating future-proof technologies into their products. NAB 2017 is the perfect venue to unveil this highly customer-focused solution.”

“With the FCC Broadcast Spectrum Repack currently underway, IMT looks forward to providing the Nulinx-IP Compact to our customers for added efficiency,” says John Payne IV, president of IMT USA. “This new ATSC 3.0-supported technology underscores our dedication to assisting broadcasters with their transition path from ASI to IP video transport.”

Available as an all-indoor or split system on any licensed or unlicensed band from 5.8 through 42 GHz, IMT’s Nulinx-IP Compact has the flexibility and expandability to grow with the user’s needs. The Nulinx-IP Compact supports data rates as high as 600 Mbps in a 30 MHz Part 101 channel using a single set of antennas, and as high as 1200 Mbps using MIMO technology. It operates with as little as 75 MHz transmit/receive frequency spacing and can use traditional Part 74 (BAS) and Part 101 (Fixed Microwave Service) microwave channels.

Nulinx-IP Compact consists of a rugged outdoor unit and a power over Ethernet (PoE) injector. Legacy ASI traffic is supported through a special transparent ASI to IP multiplexer that does not require PID remapping, transporting up to four ASI streams in each direction.

As auxiliary spectrum becomes increasingly scarce, making maximum use of available channel space is essential. The Nulinx-IP Compact offers adaptive modulation constellations up to 2048 QAM, allowing for more bits to move in the same amount of spectrum. For additional efficiency, adaptive modulation nearly eliminates outages when atmospheric conditions, such as heavy rain, do not support the highest data rates. Advanced Quality of Service (QoS) controls ensure that essential program traffic continues to flow. Header de-duplication and other built-in data compression techniques also offer greater throughput in the same spectrum space.

In addition to providing radio hardware, IMT provides full system design and planning, and offers installation and commissioning services. As broadcasters move from ASI- to IP-based video transport, IMT helps to support today’s hybrid network requirements and provides a simple transition path for microwave modernization.

To request a demo of the Nulinx-IP Compact and learn more about IMT’s cost-effective and high-capacity solutions for all backhaul and STL modernization challenges, visit IMT and Vislink at NAB 2017 (Booth C8008).

About xG Technology, Inc.

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 elevated levels 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/.

Cautionary Statement Regarding Forward Looking Statements

# # #

FOR MORE INFORMATION:

xG Technology:

Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com

The post IMT ANNOUNCES ATSC-COMPLIANT NULINX-IP COMPACT AT NAB 2017 appeared first on xG Technology.

High-Bandwidth IP Network Allows for Secure ENG Transmission and Workflow

LAS VEGAS, APRIL 21, 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 and IMT business units will demonstrate newsnet, a technological ecosystem that establishes a bi-directional IP network for ENG use, at NAB 2017. NAB 2017, which will take place April 22-27, 2017, is the world’s largest annual convention encompassing the convergence of media, entertainment and technology. Vislink and IMT will be in booth C8008, and will also be presenting at the session “The Evolution of ENG: Beyond One-Way Legacy Microwave to Bi-Directional IP-Newsgathering.”

“Newsnet is the most advanced ENG solution currently available, and is one of the key service offerings that led xG Technology to acquire Vislink,” says George Schmitt, Executive Chairman and CEO of xG Technology. “It has the potential to be a key tool in broadcasters’ arsenals for maximizing their coverage of the news as well as fully leveraging their studio assets.”

“The trend of ENG becoming more reliant on the Internet means broadcasters must depend heavily on unsecured and at-will, unmanaged broadband infrastructures as the main corridor connecting field and studio,” says John Payne IV, president of IMT USA. “With newsnet, Vislink has pioneered an alternative IP-centric technology resulting in a complete solution, which preserves the security of the licensed BAS 2 GHz frequency band while maximizing its efficiency and spectrum usage. We have begun implementing newsnet within select prominent broadcast stations and have seen superb results thus far.”

Vislink leveraged its long history of specializing in the wireless capture, delivery and management of high quality live video to develop newsnet as a way of completely transforming traditional ENG workflows. It incorporates a high-speed and reliable bi-directional IP network that utilizes the exclusive and highly coveted 2 GHz BAS-licensed spectrum, thereby increasing the number of live ENG transmissions and workflows that can be performed from the field. The newsnet system consists of one or more mobile high-speed IP network nodes that easily connects with a base station, typically located at existing ENG receive sites. Each mobile node not only offers high quality video transmission capability, but also a private and reliable ingress point for other IP-centric edge devices — allowing users to control their own private high-speed IP licensed wireless network and ensuring that their content news gathering workflows and intellectual property are never at risk.

With an intuitive user interface, accessible to many skill levels, newsnet allows for multiple access points to operate simultaneously on the same BAS channel, all while enabling a high BW IP connection with studio NRCS. This IP connection can further be leveraged to enhance news production values through high-speed file sharing, as well as enabling all other IP-centric tools in remote locations, phone systems, Closed Captioning, automation and remote asset management. Newsnet is compatible with MOS protocol-based News Automation systems such as Ross, Octopus, Dalet and Video Inception.

About xG Technology, Inc.

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/.

Cautionary Statement Regarding Forward Looking Statements

FOR MORE INFORMATION:

xG Technology
Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com

The post IMT AND VISLINK DISPLAY NEWSNET TECHNOLOGICAL ECOSYSTEM AT NAB 2017 appeared first on xG Technology.

18 Unit Purchase by UK Based-Broadcast RF to be Finalized at Show

LAS VEGAS, APRIL 24, 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 and IMT business units are unveiling the new HCAM, HEVC 4K UHD camera transmitter at NAB 2017 (Booth C8008).

Coinciding with the release of the HCAM, Vislink will be finalizing an order for 18 systems of the next generation HCAM transmitters and UltraReceiver placed by Dartford, UK-based Broadcast RF Ltd., a leading hire company for microwave and wireless camera hardware. The deal will be completed on day one of NAB 2017. The HCAM purchase is part of an order with a market value in excess of $900,000 that was previously placed by Broadcast RF with Vislink.

“With the rise of transmitting UHD broadcasts and Vislink’s years of experience in broadcast technology, we are ideally positioned to introduce HCAM at NAB 2017,” said George Schmitt, Executive Chairman and CEO of xG Technology. “The order makes Broadcast RF the first customer to bring the new HEVC product to market.”

“Our relationship with Broadcast RF goes back over many years,” said James Walton, President of IMT Ltd. “Their success is our success, so we are committed to providing them with the optimum solution for live broadcast events. This new evolution of HEVC encoding technology permits 4K UHD wireless video with a 70ms latency via our world leading RF modulation, and opens the door to a new era of coverage in premium live broadcast events. The Vislink HCAM makes 4K UHD wireless transmission a reality.”

“Broadcast RF has one operational goal, to provide high-quality, state-of-the-art RF technology,” says Chris Brandrick, Sales Director, Broadcast RF. “The purchase of 18 new Vislink HCAM systems will equip us with the very best 4K UHD wireless camera systems on the market, which in turn allows us to continue to provide our customers with class leading solutions.” Chris will be on hand at the Vislink NAB booth to complete the purchase with Rob King, Vislink’s Regional Sales Manager for Europe and Broadcast RF account manager.

The HCAM represents the next generation of HEVC 4K UHD wireless transmitters, supporting applications such as ENG and sports broadcasts. With highly flexible and configurable mounting options and intuitive video interfaces, the unit can be mounted to broadcast cameras, ENG cameras and even prosumer cameras to broaden the market reach. With user-interchangeable RF modules and a range of software options, the HCAM continues the line of innovative, high performance wireless camera systems from IMT and Vislink.

The new HCAM features interchangeable, futureproof dual SFP modules supporting quad 3/6/12G SDI/HDMI/Fiber Optic/SMPTE 2022-6 HD-SDI over IP interfaces as well as wi-fi and bluetooth control via dedicated Android and IOS application. In addition, the unit features integrated camera control with FocalPoint compatibility and direct-docking V-Lock and Anton Bauer battery plates with integral power feed through.

About xG Technology, Inc.

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/.

Cautionary Statement Regarding Forward Looking Statements

FOR MORE INFORMATION:

xG Technology
Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com

The post VISLINK UNVEILS ALL-NEW HCAM, HEVC 4K UHD CAMERA TRANSMITTER AT NAB 2017 appeared first on xG Technology.

New Satellite Data Solution Connects Multiple Reporters and Producers Across Continents

SARASOTA, Florida, MAY 2, 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 and IMT businesses introduced the SatWare remote reporting computing platform to the North American market at NAB 2017 last week. Vislink and IMT exhibited jointly at the event.

“SatWare supports the ever-increasing demand for real-time, worldwide content,” says George Schmitt, Executive Chairman and CEO of xG Technology. “It provides broadcasters with an infrastructure that can deliver high quality video from different corners of the globe. With the addition of SatWare, as well as other Vislink product lines, to IMT’s solution portfolio, the broadcast industry’s most comprehensive range of wireless video capture, transmit and receive systems are now together under one roof.”

SatWare is a high-performance embedded computing and routing system designed to provide enhanced capability and simplified use of broadcast equipment in the field, extending studio workflows and IP communications across continents to portable terminals. SatWare makes efficient use of satellite bandwidth for users, allowing file-based workflows, data, and voice communications to be easily accessed by remote reporters over a Wi-Fi connection to a Vislink satellite terminal of their choice. The platform provides direct access to the local network for smartphones, tablets and laptops without the need for any client network configuration. A system navigation/landing page provides quick access to the devices on the network.

“By using SatWare, a studio in London, a reporter in Boston and another reporter in Mumbai have the ability to talk, share files and use studio workflow as if they are physically together. SatWare truly makes the broadcast world more interconnected,” says John Payne IV, president of IMT USA, “and there was keen interest in this and our other SATCOM solutions at NAB.”

Powered by XipLinkTM, a company that specializes in WAN optimization of dynamic wireless links, SatWare can provide up to 4 Mbit/s of optimized bandwidth using SCPS – TP (Space Communications Protocol Specification) and streaming compression, in addition to the DVB-S2 video feed. For instance, a text file can be compressed by over fifty percent in real time, effectively doubling the channel capacity. For file types that are already compressed, the optimization algorithm will efficiently fill the bandwidth to make best use of the channel. This is the first time that SCPS-TP has been integrated into a Vislink Mantis MSAT man-portable satellite terminal, extending the studio network out to truly remote locations.

SatWare works with the full range of Vislink SATCOM solutions, such as the NewSwift and Mantis systems. The platform can be either physically integrated into a standard Vislink ½ width 1U rack chassis unit or into the body of a MSAT. The latter option makes this the lightest and smallest solution in the market. There is no need to take up extra rack space or demand more power to access IP data services.

About xG Technology, Inc.

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/.

Cautionary Statement Regarding Forward Looking Statements

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FOR MORE INFORMATION:

xG Technology
Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com

The post VISLINK EXTENDS STUDIO WORKFLOWS TO THE FIELD WITH LAUNCH OF SATWARE REMOTE REPORTING COMPUTING PLATFORM AT NAB 2017 appeared first on xG Technology.

Compelling Camera Solution Delivers Unmatched Combination of High Quality,
Robust Performance and Low Latency

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 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 at http://www.xgtechnology.com/technology/xg-federal/.

Cautionary Statement Regarding Forward Looking Statements

# # #

FOR MORE INFORMATION:

xG Technology
Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com

The post XG TECHNOLOGY’S VISLINK BUSINESS RECEIVES $1.2 MILLION ORDER FROM MAJOR WORLDWIDE NEWS ORGANIZATION FOR WIRELESS CAMERA SYSTEMS appeared first on xG Technology.

County Law Enforcement Departments in California and Florida Procure Vislink Fully Integrated Aircraft-to-Viewing Solutions that Deliver Real-Time Video Intelligence

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 Vislink business 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 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 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 at http://www.xgtechnology.com/technology/xg-federal/.

Cautionary Statement Regarding Forward Looking Statements

# # #

FOR MORE INFORMATION:

xG Technology
Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com

The post Vislink Receives Orders Worth Over $600,000 For HD Airborne Video Downlink Systems appeared first on xG Technology.