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Feb

09

IMT ACQUIRED BY xG TECHNOLOGY, INC.

MOUNT OLIVE, NJ, FEBRUARY 8, 2016Integrated Microwave Technologies (IMT), a leader in advanced digital microwave systems serving the broadcast, sports, entertainment and law enforcement markets, is pleased to announce it has been acquired by xG Technology, Inc. (xG), a leader in providing critical wireless communications for use in challenging operating environments.

With the acquisition by xG Technology, IMT will continue to manufacture its existing product line, and will now also be able to provide a secure, rapidly-deployable mobile broadband solution to its broadcast, government, law enforcement and military customers. The xMax system delivers on-demand, always-available voice, video and data services to both fixed and mobile users, and is interoperable with existing cellular, public safety and other dedicated networks.

xMax was conceived with the goal of providing continuity of operations, regardless of wireless conditions or adverse events that could threaten the integrity of communications. This includes incidents ranging from natural disasters, man-made incidents, or even large-scale public events that congest the airwaves with a surge of users. xMax provides a FirstNet-ready public safety-grade communications layer, and has been field-tested in demanding military environments.

The acquisition will also create new markets for IMT’s high-performance video transmission technology, as xG Technology will be providing IMT’s market-leading products to its own customer base in the public safety, DoD and critical infrastructure sectors.

“All of us at IMT are excited to join the xG Technology team,” says John Payne IV, newly-appointed president of the IMT Division of xG Technology. “We look forward to developing joint sales strategies in order to take advantage of the new and exciting opportunities of our combined resources. IMT will continue to bring state-of-the-art products to market as we continue to serve our customers around the world.”

“We welcome the IMT family to be part of xG Technology and are delighted with the synergies that we see between the two companies,” says George Schmitt, CEO and Board Chairman, xG Technology. There are a number of areas that IMT and xG will be able to leverage each other’s operational, technological and marketing strengths to provide enhanced solutions to their customers and increased value to the respective companies.”