RNS Number : 7099L
xG Technology Inc.
04 August 2011
Appointment of Broker
xG Technology, Inc., the developer of a broad portfolio of wireless communications technologies, including cognitive radio networks, is pleased to announce the appointment of First Columbus LLP as their joint broker with immediate effect.
"First Columbus has a proven track record of working with international high growth companies like xG, and is dedicated to helping these companies reach their strategic objectives," said Rick Mooers, Chairman and co-founder of xG Technology. "We are pleased and excited to be working with an owner managed company, like xG, and as such we hold many of the same business philosophies. It is clear to us that First Columbus appreciates the unique value that we bring to the wireless marketplace and we look forward to leveraging the wide range of services and expertise they bring to xG."
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
First Columbus LLP www.first-columbus.com
John Nuttall +44 (0)20 3002 2071
Chris Crawford +44 (0)20 3002 2073
Brian Stockbridge +44 (0)20 3328 5656
Dan Robinson +44 (0)20 3328 5656
Heather Lukens +1 212 651 4227
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 fixed and mobile services. Using field-proven cognitive radio technology, xMax enables the delivery of mobile services in both licensed and unlicensed bands.
xMax 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 four networks in the field that showcase xMax's cognitive radio, mobile VoIP, and dynamic interference mitigation capabilities. These include a trial network at the US Army's base at Fort Bliss, Texas and White Sands Missile Range; two rural deployment trial networks with Townes Tele-Communications, Inc.; and a 32 square mile urban/suburban xMax network in Fort Lauderdale, Florida.
Based in Florida, xG Technology has over 50 US and more than 100 international patents and pending patent applications. For more information, please visit www.xgtechnology.com.
About First Columbus
First Columbus is a specialist corporate broker and investor focused on growth companies. Our many years of experience operating in global financial markets at leading institutions, coupled with the fact that we are owner-managed, give us the experience, energy, commitment and incentive to deliver a high quality, high energy service to our clients.
We provide our clients with tailored advice and services in order to maximise their corporate value. Our considered yet straightforward approach with respect to capital market transactions frequently saves our clients both time and money and allows them to achieve their objective efficiently.
First Columbus manage the relationship between the company, investors and the market. Through our differentiated investor base we work hard to drive demand, support the share price and help to improve liquidity.
This information is provided by RNS
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