SARASOTA, Fla., Nov. 10, 2015 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum sharing technologies, announced it has entered into a partnership with GlobalMedia Group, LLC ("GlobalMed") to market integrated health delivery systems that incorporate xG mobile broadband technology and GlobalMed's telemedicine hardware, devices and software.
The xMax Telemedicine Network Solution ("xMax TMN") facilitates the immediate and reliable transmission of critical health information, multimedia medical applications, and lifesaving services to locations that are difficult to reach or have limited communications options available. It consists of a rapidly-deployable, easy-to-install, turnkey mobile network solution that provides a secure, two-way telemedicine communications infrastructure.
xMax TMN will be available in pre-configured bundles that support telemedicine scenarios ranging from individual mobile health care encounters to comprehensive community clinic installations.
In addition to serving as a broadband delivery system for community health initiatives, xMax can be used to deliver emergency medical services to areas stricken by natural disasters. In these locations, xMax wireless links can be established very quickly and at low cost during fluid or chaotic situations.
Tim Moynihan, Vice President of Sales for xG Technology, said, "In the past, telemedicine services were limited in many developing countries by the poor availability, low bandwidth and high costs of previous wireless technologies. The introduction of xMax broadband-enabled telemedicine solutions has the potential to deliver gamechanging improvements in the quality, range and overall effectiveness of healthcare options around the world. xMax TMN represents a best-in-class solution that unites xG's broadband technology that was specifically to operate in challenging locations, with GlobalMed's innovative telemedicine product lines."
About xG Technology, Inc. Founded in 2002, xG Technology has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. The company is the developer of xMax, a patented all-IP cognitive radio network system that enables secure, robust mobile broadband communications for private, consumer and government networks. xMax can solve the crisis facing the wireless industry caused by data-hungry devices and applications that are straining network capacity. It eliminates the need to acquire scarce and expensive licensed spectrum, thus lowering the total cost of ownership for wireless broadband access.
The xMax system delivers always-available voice, video and data services to both fixed and mobile users, and is interoperable with existing cellular and dedicated networks without being dependent on them. xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide area, as well as rapid emergency communication deployment in unpredictable environments and during fluid situations. xG offers solutions for numerous industries worldwide, including emergency response and public safety, military, urban and rural wireless broadband, utilities, and critical infrastructure.
Based in Sarasota, Florida, xG has over 50 U.S. and over 100 international patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market where xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW. For more information, please visit www.xgtechnology.com.
About GlobalMed Founded in 2002, GlobalMed's mission is to transform healthcare globally by developing and integrating secure, efficient health delivery systems that improve access and quality of care while eliminating unnecessary costs. Simply stated, "Quality, timely care for all." GlobalMed is widely recognized as the leading provider of integrated telemedicine solutions, serving top medical institutions, corporations and government organizations worldwide. GlobalMed solutions are deployed in more than 55 countries around the world, enabling healthcare providers around the world to conduct more than 3.5 million telehealth visits with patients annually. Partnering with medical groups, healthcare enterprises and government agencies in the U.S. and abroad has led to the company's unparalleled expertise in designing sustainable, integrated connected health programs. For more information, visit www.globalmed.com.
Cautionary Statement Regarding Forward Looking Statements Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
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SOURCE xG Technology, Inc.