xG Technology, Inc.

Sector: Communications Services Not Elsewhere Classified Region: FL, United States

Exchange/Ticker: London Stock Exchange: XGT | OTC Bulletin Board: XGTC | London Stock Exchange: XGTU

Company Description

xG Technology, Inc. develops portfolio of intellectual property designed to enhance wired and wireless communications. It develops innovative and disruptive communications technologies for wireless networks. The company's solutions enable communications providers to deliver robust, revenue-generating mobile services using licensed and unlicensed spectrum. Its initial product release is xMax, a carrier-class cognitive radio network. The xMax product suite includes a line of handsets, base stations, mobile switching centers, network management systems, deployment tools and customer support. The xMax system allows mobile operators to utilize free, unlicensed band spectrum instead of purchasing scarce licensed spectrum costing millions of dollars. It also offers capabilities to enterprises, utilities, government agencies, and others who require advanced wireless communications to support business operations and mission critical applications. xG Technology was founded by Joseph A. Bobier, Roger G. Branton and Richard L. Mooers on August 26, 2002 and is headquartered in Sarasota, FL.

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