IMT Vislink’s John Payne IV Wins NewBay’s Industry Innovator Award for Spearheading newsnet Bidirectional IP-based ENG Solution
SARASOTA, FL, NOVEMBER 9, 2017 — 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, is pleased to announce that John Payne IV, president of its IMT USA business, has been name a recipient of NewBay’s 2017 Industry Innovator Awards, presented by TV Technology. John was recognized for spearheading the launch of newsnet, IMT Vislink’s innovative high-speed bidirectional multi-user IP-based ENG (Electronic News Gathering) network solution.
Newsnet is an alternative IP-centric technology that goes beyond cellular approaches to deliver a complete technological ecosystem. It increases the number of live ENG transmissions and workflows that can be performed from the field, allowing for higher production values, lower operational costs and enhanced workflow efficiency. Significantly, newsnet improves channel resilience by leveraging secure, BAS-licensed spectrum and the dynamic allocation of bandwidth to the most important transmissions.
NewBay’s Industry Innovator Award winners are selected by a panel of experts and evaluated on their professional achievements, technical and business innovations and continuing influence within their industries. John will be featured in TV Technology, read by thousands of broadcast professionals in the United States, around the world and online.
“It’s a pleasure to honor those who make such a difference in their industries— innovating in technology and business while also inspiring others,” said NewBay Broadcast & Video Group Vice President & Group Publisher Eric Trabb. “The awards are designed to shine a spotlight on the people behind the companies and technologies on which our industries depend. We offer a heartfelt ‘thank you’ for their contributions, and wish them continued success.”
John Payne IV said, “It is an honor to receive this award from NewBay, and I’m thankful for the collaboration and dedication of the IMT Vislink team for the successful launch of the newsnet system. We have a company-wide commitment to bring to market innovations that positively impact the broadcasting industry, and newsnet is one of the most exciting developments I have been part of over my career.”
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.
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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.
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