xG Technology Appoints John Procacci as Vice President of Sales for its xMax and IMT Business Units
DoD/Federal Industry Sales Veteran Will Help Drive Customer Acquisition for xMax Mission-Critical Broadband Data and IMT Real-Time Wireless Video Transmission Solutions
SARASOTA, Fla., Aug. 1, 2016 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leader in providing critical wireless communications for use in challenging operating environments, today announced the appointment of John Procacci as vice president of sales for its xMax and Integrated Microwave Technologies (''IMT'') business units. In this position, Mr. Procacci will have responsibility for leading the sales organization at xG Technology, and will have both the entire IMT sales team as well as xG commercial sales team members as direct reports. He will also work in concert with cross-functional teams that include marketing, product development, operations and support to design and deliver superior communications solutions to clients.
George Schmitt, CEO and Board Chairman of xG Technology, said, "We are pleased to welcome John Procacci to the xG Technology team. His appointment will help further the traction we are gaining in the DoD/Federal sector, and his record of developing strong client relationships will be a great advantage as we expand our presence in that space and pursue additional avenues of growth."
John Payne IV, president of IMT, said, "John has an exceptional record of successful sales and account development, and in building and inspiring teams. His expertise will be invaluable in helping accelerate the penetration of IMT's market-leading solutions in key military, government and commercial markets."
John Procacci said, "I'm very excited to be part of xG Technology and look forward to helping both the xG and IMT teams reach enhanced levels of success by identifying and closing new revenue opportinities. The need for robust, resilient and secure broadband and video communications platforms is rising across numerous vertical markets, and this is where the xMax and IMT product lines have demonstrated impressive competitive advantages."
John Procacci brings over 25 years of successful sales and business development experience representing technical product manufacturers, with 12 years focused on engineered products targeting DoD and Federal program requirements. Most recently, he served as Business Development Director at Mercury Systems, a leading commercial defense electronics company, where he drove growth across business lines by selling comprehensive solutions across the sensor processing chain. Previously, he served as Business Development Manager at IMT for their MAG (Military, Aerospace & Government) Division. In this position he was responsible for new market penetration for digital video transmit/receive solutions, with a specific focus on DoD and government customers for Unmanned Aerial Vehicles (UAV), Intelligence, Surveillance, and Reconnaissance (ISR) and covert surveillance applications. Prior to that, Mr. Procacci served as Business Development Manager at Crane Aerospace and Electronics, where he spearheaded sales of microwave component and subsystem solutions to DoD prime contractors.
Mr. Procacci also holds memberships in the following professional associations: Association for Unmanned Vehicle Systems International (AUVSI); Association of the United States Army (AUSA); Armed Forces Communications and Electronics Association (AFCEA); and National Defense Industrial Association (NDIA).
About xG Technology, Inc.
Founded in 2002, xG Technology has created a broad portfolio of intellectual property that enables always-available, always-connected and always-secure voice, broadband data and video communications. The company's technology portfolio includes solutions marketed under xG's xMax brand as well as under the brands of its business unit Integrated Microwave Technologies (IMT).
xMax is a patented all-IP software-defined cognitive radio network that delivers mission-assured wireless connectivity in any RF environment. xMax provides a solution to the challenges of interoperability, survivability and flexibility in expeditionary and critical communications networks. xMax can be deployed as fixed or mobile infrastructure to enhance and integrate seamlessly with legacy communications systems, both private and commercial. Access and priority can be controlled, and in the event of congestion, failure or denial of access to commercial networks, xMax provides a fully secure, scalable, private and highly resilient network for essential communications – all at zero bandwidth cost.
xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). xMax offers key benefits for numerous industries worldwide, including military, emergency response and public safety, telemedicine, urban and rural wireless broadband, utilities, and critical infrastructure.
IMT further supports xG's military and public safety customers with its mission-critical wireless video solutions. IMT is a leader in advanced digital microwave systems and a provider of engineering, integration, installation and commissioning services serving the MAG (Military, Aerospace & Government), broadcast, and sports & entertainment markets. IMT's product lines include digital broadcast microwave video systems and compact microwave video equipment for licensed and license-free applications. More information on IMT can be found at www.imt-solutions.com.
Based in Sarasota, Florida, xG has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market (symbol: XGTI) For more information, please visit www.xgtechnology.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
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(941) 953-9035
Investor and Analyst Relations
James Woodyatt
xG Technology
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(954) 572-0395
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SOURCE xG Technology, Inc.
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