xG Technology Announces Agreement with Drakontas to Co-Market xMax Broadband Network Technology and DragonForce Team Collaboration Tool

SARASOTA, Fla., May 6, 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 Drakontas, LLC ("Drakontas") to cooperate in the marketing of each other's respective solutions. Under the terms of the agreement, xG and Drakontas will make available integrated products that include xMax private mobile broadband network technology and Drakontas' DragonForce mobile team collaboration software application.

DragonForce is one of the most innovative emerging technologies for mobile collaboration in the public safety market. Built for tactical teams and for everyday law enforcement operations, DragonForce empowers public safety teams to effectively share information in real-time in the field through instant messaging, location, personnel tracking, photo and document sharing and collaborative whiteboards. DragonForce provides first responders a common operating platform allowing them to plan, communicate and act more quickly, safely and effectively during daily operations, events and critical incidents using smartphones, tablets and other mobile devices.

Tim Moynihan, Vice President of Sales for xG Technology, said, "We are pleased to join with Drakontas in this strategic technology alliance. One of the key strengths of our all-IP xMax technology is that it is a device, protocol and application-agnostic system. This means we can provide added functionality and use cases by presenting our clients with a broad array of partner software applications like DragonForce. Delivering the shared situational awareness capabilities of DragonForce over the private, always-available xMax communications network represents a valuable tool for public safety agencies who need to ensure that their teams can communicate in all situations and at all times."

James Sim, President of Drakontas, LLC, said, "We are very excited about working with xG Technology and demonstrating our DragonForce team collaboration app utilizing xG's secure, mobile broadband networking technology. DragonForce is the software collaboration component that provides the common operating picture to teams out in the field creating and sharing mission critical information. But DragonForce's capabilities are dependent on a reliable, mission-critical data network. That's what makes our work with xG a logical and true win-win fit."

About xG Technology, Inc.

xG Technology has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. The company has created xMax, a patented all-IP cognitive radio technology that enables 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. xG's goal is to help wireless broadband networks deliver voice, video and data services to fixed and mobile users. The xMax cognitive radio system 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. xG offers solutions for numerous industries worldwide, including urban and rural wireless broadband, utilities, defense, emergency response and public safety.

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 Drakontas, LLC

Drakontas, headquartered in Glenside PA, develops mobile collaboration software designed to help public safety professionals share information more rapidly and more accurately. The company was founded in partnership with Drexel University in 2004 to transition technologies developed at the Applied Communications and Information Networking (ACIN) Center for the Department of Defense to commercial, civilian and security uses. For more information on Drakontas, visit www.drakontas.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:

Media Relations
Daniel Carpini
xG Technology
[email protected]
(941) 953-9035

Investor and Analyst Relations
James Woodyatt
xG Technology
[email protected]
(954) 572-0395

Jody Burfening/Carolyn Capaccio
LHA
[email protected]
(212) 838-3777

SOURCE xG Technology, Inc.

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