SARASOTA, Fla., May 27, 2015 /PRNewswire/-- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum sharing technologies, today announced a Strategic Technology Alliance Agreement with Radio IP Software, Inc. ("Radio IP") to co-market each other's respective solutions. Under the terms of the agreement, xG and Radio IP will make available integrated products that include xMax private mobile broadband network technology and Radio IP's mobile virtual private network (MVPN) solution.
The Radio IP solution improves wireless data communications on mission-critical mobile networks by providing application session persistence, FIPS140-2 compliance for all applications running over MVPNs, and roaming to almost all public and private networks available (including LANs, hotspots, carrier and private radio).
Tim Moynihan, Vice President of Sales for xG Technology, said, "We are pleased to expand the xG Technology partner ecosystem by offering the enhanced security, coverage and control features of the Radio IP product. Public safety and other users with mission-critical responsibilities require continuous and transparent access to wireless networks and the data and applications that travel over them. By combining the xMax anywhere, anytime private mobile broadband technology with Radio IP's extensive support for variations in connectivity and FIPS certification, we can deliver a comprehensive solution to police, fire and EMS first responders that redefines seamless and secure mobility."
Roch Tremblay, Chief Operating Officer of Radio IP, said, "We are excited to commence this co-marketing agreement with xG Technology. The secure, redundant voice and broadband data capabilities of xMax are a natural fit with our leading-edge MVPN, roaming and encryption features. This pairing will enable constant, uninterrupted network availability and a predictable data transfer and application experience for public safety personnel."
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 120 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 Radio IP Software, Inc.
Established in 1998, Radio IP Software specializes in delivering innovative Mobile Virtual Private Network and mobile security solutions to small and large enterprises, as well as military, public safety, utilities, transportation and government agencies with mission-critical or business-critical communication requirements. Our portfolio of mobile VPN solutions overcomes the performance, security, connectivity and roaming challenges associated with wireless networks to achieve faster response times, providing mobile workforces with secure, real-time access to a wide range of applications and networks. Designed for today's wireless and mobile environments, our solutions enable mobile users to seamlessly roam across all network environments—private mobile radio (PMR), cellular data (3G/4G), satellite and mobile broadband—under a single interoperable TCP/IP standard. Among the benefits our solutions offer are uninterrupted, secure mobile roaming between disparate wireless and wired networks over a broad range of devices; secure, reliable network and application access with encryption and advanced authentication; and advanced multi-agency/site administration capabilities that drive cost-efficiencies. For more information, visit www.radioip.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.