xG Technology, Inc. Continues Record Of Cognitive Radio Innovation With Six New Patents
SARASOTA, Fla., June 11, 2012 /PRNewswire/ — xG® Technology, Inc. (“xG” or the “Company”), the developer of a portfolio of wireless communications technologies, including cognitive radio networks, today announced that is has been granted six new patents in the past three months. The awarded patents cover a wide range of technologies including spectrum sharing, media access control (MAC), mobile VoIP signaling and interference detection/mitigation.
These newly granted patents underscore the Company’s increasingly valuable Intellectual Property (IP) portfolio as well as its growing leadership in the rapidly expanding cognitive radio market. The New York Times recently reported, “A number of companies are developing technology that could change the whole spectrum game by using radio frequencies more efficiently.”
“It is rewarding to see that the patent office is recognizing xG’s contribution to smart radio technology as we rapidly move forward with state of the art innovation,” said Pertti Alapuranen, Director of Systems Design at xG. “The technical team continues to file patent applications that showcase the new inventions and techniques xG is pioneering. We will remain focused on developing IP that enables viable solutions to the looming spectrum crisis and more bandwidth to be extracted from crowded airwaves.”
As of the date of this release, xG’s United States patent portfolio includes 33 patents granted, with an additional 29 applications patent pending. The Company’s foreign patent portfolio totals 143 patent matters (issued and pending).
xG Technology, Inc. www.xgtechnology.com John Coleman, Chief Executive Officer +1 212 651 4219 Roger Branton, Chief Financial Officer +1 212 651 4219 James Woodyatt, Investor Relations +1 954 572 0395 Allenby Capital Limited (Nominated Adviser and Broker) www.allenbycapital.com Nick Naylor +44 20 3328 5656 Mark Connelly +44 20 3328 5656 First Columbus LLP (Joint Broker) www.first-columbus.com Chris Crawford +44 20 3002 2073 North of Nine (Media and Analyst Relations) www.nof9.com Josh Lefkowitz +1 212 614 5012
ABOUT xG TECHNOLOGY
xG Technology is a leading developer of innovative and disruptive communications technologies for wireless networks. Its patented intellectual property portfolio covers a broad range of applications, including smart wireless networks that can help address the looming global spectrum shortage. The Company is commercializing some of these technologies to create xMax, the World’s first carrier-class cognitive (i.e. smart) radio network. xMax’s standards-based IP architecture minimizes network deployment, management and operational costs while simplifying the delivery of fixed and mobile services. Using field-proven technology, xMax enables the delivery of mobile broadband services in both licensed and unlicensed bands. xMax enables carriers and other wireless network operators to utilize and monetize free unlicensed spectrum to deliver high quality voice and data services. Based in the USA, xG has over 60 US and more than 130 international patents and pending patent applications. For more information, please visit www.xgtechnology.com.
SOURCE xG Technology, Inc.