xG Technology, Inc. Signs Memoranda of Understanding with Independent Telecommunications Carriers

xMax Cognitive Radio Technology to be Evaluated for Delivery of Wireless Broadband, Mobile Voice and Data

SARASOTA, Fla.--(BUSINESS WIRE)-- xG Technology, Inc. (LSE-AIM: XGT, "xG" or the "Company"), the developer of a broad portfolio of wireless communications technology, including cognitive radio networks, is pleased to announce that it has signed Memoranda of Understanding ("MOU") with eight separate independent local carriers ("ILEC's") to evaluate the roll out of xMax wireless services in their respective territories. xMax will provide these independent carriers an all-IP, single network solution for voice (VoIP), video, text and broadband data for mobile and fixed applications. The MOUs have been signed with the following companies:

• Redi-Call Communications Company, a Delaware-based wireless carrier;
• TelAtlantic Communications, Inc., a Virginia-based holding company of incumbent local exchange carriers;
• Cook Telecom, Inc., a California-based wireless carrier;
• Silver Star Telephone Company, inc., a Wyoming-based incumbent local exchange carrier;
• Venture Communications Cooperative, a South-Dakota-based incumbent local exchange carrier;
• Townes Tele-Communications, Inc., a Texas-based holding company of incumbent local exchange carriers;
• Smart City Telecom, a Florida-based incumbent local exchange carrier;
• Public Service Cellular, Inc., a Georgia-based telecommunications company

These carriers collectively see xMax as a promising solution to several challenges they face, including policy changes being considered to support rural broadband deployment. Numbering over 1300, independent carriers are increasingly seeking wireless options to expand communication services to their customers across the United States. The potential adoption of xG's patented technologies will ensure that independent telephone company customers continue to receive a broad array of telecommunications services including the rollout of new broadband services and other compelling wireless mobile solutions.

ABOUT XG TECHNOLOGY

xG Technology is a leading developer of innovative and disruptive communications technologies for wireless networks. Its extensive patented intellectual property portfolio covers a broad range of applications including cognitive radio networks. The Company has commercialized some of these technologies to create xMax, the world’s first carrier-class cognitive radio network.

xMax’s standards-based IP architecture minimizes network deployment, management and operational costs while simplifying the delivery of profitable fixed and mobile services. Using field-proven cognitive radio technology, xMax enables the delivery of these revenue-generating mobile services in both licensed and unlicensed bands. In its initial commercial offering, the xMax cognitive radio system enables carriers and other operators to monetize profitably the free unlicensed spectrum in the 900MHz ISM band.

xMax also offers unique capabilities to enterprises, utilities, government agencies and others who require advanced wireless communications to support business operations and mission critical applications.

xG Technology offers turnkey xMax network solutions including base stations, mobile switching centers, network management systems, deployment tools, handsets and customer support.

xG has deployed a 32 square mile xMax network in Fort Lauderdale, Florida to showcase its cognitive radio, mobile VoIP, and dynamic interference mitigation capabilities. The Company’s xMax products are also being tested and trialed by the US Army at two of its US bases. Based in the USA, xG Technology has over 50 US and more than 100 international patents and pending patent applications. For more information, please visit www.xgtechnology.com.

CONTACT:

xG Technology, Inc.
John Coleman, +1-212-651-4219
Chief Executive Officer
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Roger Branton, +1-212-651-4219
Chief Financial Officer
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James Woodyatt, +1-954-572-0395
Investor Relations
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Allenby Capital Limited (Nominated Adviser & Broker)
Brian Stockbridge, +44 (0) 20 3328 5656
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Dan Robinson, +44 (0) 20 3328 5656
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Alex Price, +44 (0) 20 3328 5656
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Fusion PR (Media and Analyst Relations)
Heather Lukens, +1-212-651-4227

KEYWORDS:   United Kingdom  United States  Europe  North America  Florida

INDUSTRY KEYWORDS:   Technology  Networks  Telecommunications  Mobile/Wireless  VoIP

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