SARASOTA, Fla., June 19, 2018 /PRNewswire/ -- xG
Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW),
whose IMT and Vislink brands are recognized as the global leaders
in live video communications in the broadcast, law enforcement and
defense markets, today announced that its IMT Vislink business has
been awarded a $2.3 million contract
to supply live video transmission equipment to a major professional
US sports association. The order includes the supply of HD
transmitters and multi-channel receive systems installed in arenas
and configured to capture and distribute live images of in-game
action.
James Walton, president of IMT,
Ltd, said, "We are pleased to have been chosen to supply our
equipment to this association. Our systems have been designed from
the ground up to deliver reliable, high-quality video that meets
the stringent broadcasting requirements for live televised sporting
events."
For decades, IMT Vislink wireless video technology has been
trusted to cover some of the most challenging and high-profile
international sporting events, including the World Cup, London
Marathon, 24 Hours of Le Mans, America's Cup Sailing, Formula E,
World Wingsuit League, professional soccer matches and championship
golf tournaments. IMT Vislink has also developed a longstanding
relationship with MotoGP, the premier motorcycle racing series in
the world. In addition to providing onboard systems for MotoGP,
Vislink is also the official supplier of all RF communications.
About xG Technology, Inc.
xG Technology's IMT and Vislink brands are recognized as the
global leaders in live video communications and are trusted
suppliers to tier-1 customers in broadcast/sports/entertainment,
and law enforcement/public safety/defense markets. Their products
are recognized for high levels of performance, reliability, build
quality, extended operating ranges and compact form factors. In the
broadcast, sports and entertainment sectors, IMT and Vislink
provide high-definition communication links to reliably capture,
transmit and manage live event footage. In the law enforcement,
public safety & defense markets, IMT and Vislink provide secure
video communications and mission-critical solutions to local,
national and international agencies and organizations. More
information can be found at www.imt-solutions.com and
www.vislink.com.
xG is also the developer of xMax, a secure, rapid-deploy mobile
broadband system that delivers mission-assured wireless
connectivity in demanding operating environments. xMax was
specifically designed to serve as an expeditionary and critical
communications network for use in unpredictable scenarios and
during fluid situations. This makes it a compelling solution for
disaster response, emergency communications, and defense
applications. More information about xMax can be found at
http://www.xgtechnology.com/system-overview/. In addition to the
above business lines, xG has a dedicated Federal Sector Group (xG
Federal) focused on providing next-generation spectrum sharing
solutions to national defense, scientific research and other
federal organizations. Additional information about xG Federal can
be found at http://www.xgtechnology.com/technology/xg-federal/.
Based in Sarasota, Florida, xG
Technology has over 100 patents and pending patent applications. xG
is a publicly traded company listed on the NASDAQ Capital Market
(symbol: XGTI) For more information, please visit
www.xgtechnology.com.
Cautionary Statement Regarding Forward Looking
Statements
Statements contained herein that are not based
upon current or historical fact are forward-looking in nature and
constitute forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Such forward-looking statements reflect the
Company's expectations about its future operating results,
performance and opportunities that involve substantial risks and
uncertainties. These statements include but are not limited to
statements regarding the intended terms of the offering, closing of
the offering and use of any proceeds from the offering. When used
herein, the words "anticipate," "believe," "estimate," "upcoming,"
"plan," "target", "intend" and "expect" and similar expressions, as
they relate to xG Technology, Inc., its subsidiaries, or its
management, are intended to identify such forward-looking
statements. These forward-looking statements are based on
information currently available to the Company and are subject to a
number of risks, uncertainties, and other factors that could cause
the Company's actual results, performance, prospects, and
opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements.
For More Information
xG
Technology:
Daniel Carpini
941-953-9035
daniel.carpini@xgtechnology.com
Investor Relations:
John
Marco/CORE IR
516-222-2560
johnm@coreir.com
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SOURCE xG Technology, Inc.