xG Technology Appoints Credit Suisse for next stage of company's growth plans

xG® Technology, LLC today announced that it has met its ambitious guidelines for xMaxTM technology, the company’s innovative modulation and encoding technology that dramatically improves transmission of radio frequency signals in both wired and wireless environments.

[ClickPress, Thu Feb 02 2006] xG® Technology, LLC today announced that it has met its ambitious guidelines for xMaxTM technology, the company’s innovative modulation and encoding technology that dramatically improves transmission of radio frequency signals in both wired and wireless environments. The result is the ability to transmit high speed data over greater distances using ultra low RF power output levels.

In November, the company held its first public demonstration of the xMax technology for media and investors in Ft. Lauderdale. In that demonstration, an xMax equipped transmitter broadcast a 3.67 Mbps signal more than 18 miles using only 35 milliwatts of RF output power. This past week, the equipment used in that demonstration underwent testing by an FCC authorized laboratory. The equipment was found to be compliant with FCC regulations Part 15.249 conducted test requirements. These results showed the xMax signal to meet both conducted power and conducted bandwidth requirements for operation within the ISM 900 MHz unlicensed band.

“While these test results formally confirm what we already knew, it, nevertheless, is a very important step in our path to market,” said Roger Branton, chief operating officer. “Our equipment can transmit high data rates over long range at low power—a perfect solution for broadband deployment.”

In a separate development, an xMax unit was used to transmit full motion video a distance of 100 feet using only 300 nanowatts of transmitted power. “By comparison, typical 802.11 WLAN technology transmits up to 3 million times more power,” said Joe Bobier, principal inventor of the xMax Technology. “Again, this confirms one of the revolutionary aspects of xMax.”

Rick Mooers, chief executive officer said that xMax products will be ready for market by the end of the second quarter 2006.

Mooers also announced that the London office of Credit Suisse has been selected as xG Technology’s strategic advisor. “Recognizing that this opportunity is not US-centric, we chose Credit Suisse because they exercise global reach for their clients,” said Mooers. “They recognized the first-of-the-kind, industry changing aspects of xMax. As a global leader in representing communication companies, Credit Suisse is a perfect match.”

About xG Technology Pioneering innovation in telecommunications research, xG Technology has developed xMax—a groundbreaking radio frequency modulation and encoding technology that enables faster, farther, and cheaper communications. xMax technology takes high-speed communications “beyond broadband” and is suitable for both wired and wireless networks. Privately held, xG Technology is based in Sarasota, Florida (USA). For additional information visit http://www.xgtechnology.com.

CONTACTS:
In the United States: Tim Ayers, +1-202-857-9734, tim@ayersassociates.net.
In Europe: Jim Hawker. 020 7470 8830. jim@threepipe.co.uk.