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xG Technology Announces Additional Order for xMax Broadband Wireless Equipment in Costa RicaSARASOTA, Fla., June 30, 2015 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum sharing technologies, announced today that it has received an order for approximately $58,000 in xMax mobile broadband wireless equipment and services from Itellum, LLC ("Itellum"). This represents a follow-on order to the one previously announced on May 20, 2015, and will be used to further expand the footprint of the xMax network that has been installed in Escazu, Costa Rica. Tim Foss, CEO of Itellum, said, "The initial announcement of the availability of the xMax service has generated a large amount of local interest. We have been very pleased with the excellent performance and reliability the xMax system has provided during the first stage of deployment, and this order for additional equipment will allow us to stress test the Escazu xMax network under heavier data traffic loads. We will also be able to demonstrate it to increasing numbers of end users in the area. In addition, it will allow us to prepare for broader expansion of the deployment across Costa Rica." George Schmitt, CEO and Board Chairman of xG Technology, said, "We are pleased to receive this follow-on order from Itellum for xMax equipment. The successful performance of the network confirms that the xMax system is well-suited for operation in underserved areas of the world where few viable options for affordable mobile broadband services exist. We look forwarding to working closely with Itellum on their further expansion plans in Costa Rica and in additional countries in the region." Itellum is one of four companies who have entered into a formal agreement to participate in the initial xMax Costa Rica deployment as well as expansion into other Latin American markets thereafter. The other partners include Level 3 Communications ("Level 3"), Osmin Vargas Corporacion ("OV"), and MB Technology Holdings, LLC ("MBTH"). 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 100 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. 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 Investor and Analyst Relations Jody Burfening/Carolyn Capaccio To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xg-technology-announces-additional-order-for-xmax-broadband-wireless-equipment-in-costa-rica-300106988.html SOURCE xG Technology, Inc. 
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