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xG Technology's Vislink Business Receives Orders Worth Approximately $1 Million for HCAM HEVC 4K Wireless Camera Systems Deployment in ChinaSARASOTA, Fla., July 17, 2017 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a leading provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, announced today that its Vislink business has received orders worth approximately $1 million for its HCAM HEVC (High Efficiency Video Coding) 4K Wireless Camera Systems for deployment in China. The orders are part of global pre-orders exceeding over $2.5 million received by Vislink for its latest wireless camera technology.
The Vislink HCAM, which was unveiled at NAB 2017, represents the next generation of HEVC 4K UHD wireless transmitters capable of supporting premium live broadcast events. These orders, which were placed by a key Vislink value-added reseller in the region, are for multiple systems and represent the latest in Vislink's long history of supplying equipment to the China market, which dates back 15 years. The delivery of all systems is expected to take place by the end of 2017. The Vislink HCAM systems will be at the forefront of a migration from existing H.264 technology to HEVC and low-latency 4K UHD for wireless camera systems expected to take place in China. "This HCAM pre-order further emphasises market confidence in Vislink leading the development of next generation wireless camera systems," said James Walton, president of IMT, Ltd. and head of all IMT and Vislink business operations outside of the Americas. "Vislink have received in excess of $2.5 million worth of pre-orders globally for the latest in wireless camera technology," said David Robins, global sales director for Vislink. "With real-time testing taking place this coming week, we are really excited about rewarding our customers and partners for their continued commitment and confidence in the Vislink brand." "Our engineering teams have a passion for new technology, and HCAM proudly represents the first in a range of next-generation HEVC 4K Wireless Camera Systems designed with the customer in mind," said Ashley Jackson, vice president of engineering for Vislink. The HCAM design philosophy was to take the current industry standard products L1700, ClipOn4 and Campack2, and make something better. Needless to say, I am extremely pleased with the outcome of our new flagship product." About xG Technology, Inc. xG Technology's brands provide wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in challenging environments. xG's brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax. IMT has pioneered advanced digital microwave systems and is a trusted supplier to broadcast, sports and entertainment, and MAG (Military, Aerospace & Government) markets. Their products are recognized for their high level of performance, reliability, build quality, extended operating ranges and compact form factors. More information about IMT can be found at www.imt-solutions.com. Vislink specializes in the wireless capture, delivery and management of secure, high-quality, live video, and serves broadcast & media and public safety & surveillance markets. More information about Vislink can be found at http://www.vislink.com/. xMax is a secure, rapid-deploy mobile broadband system that delivers mission-assured wireless connectivity in demanding operating environments. It was designed to serve as an expeditionary and critical communications network for use in unpredictable scenarios and during fluid situations, making it ideal for disaster response, emergency communications, and defense applications. More information about xMax can be found at http://www.xgtechnology.com/system-overview/. In addition to the above business lines, xG has a dedicated Federal Sector Group (xG Federal) focused on providing next-generation spectrum sharing solutions to national defense, scientific research and other federal organizations. Additional information about xG Federal can be found at http://www.xgtechnology.com/technology/xg-federal/. Based in Sarasota, Florida, xG Technology 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 xG Technology:
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