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xG Technology Inc. (XGT)

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Thursday 01 August, 2013

xG Technology Inc.

Application for listing

RNS Number : 7496K
xG Technology Inc.
01 August 2013
 



 

August 1, 2013

xG Technology, Inc.

("xG", "xG Technology" or the "Company")

 

Application for listing

Further to the announcement made by xG Technology on July 19, 2013, regarding the US Public Offering by xG on NASDAQ ("the NASDAQ Offering"), the Company confirms that application had been made for 1,337,792 shares of common stock of $0.00001 each ("Shares") and up to 200,668 Shares pursuant to the exercise (if any) of an over allotment option granted in connection with the NASDAQ Offering (together the "New Shares") to be admitted to AIM. It is expected that admission of the New Shares will become effective on or about August 6, 2013. The New Shares will trade under the XGTU symbol.

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Contacts

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



Allenby Capital Limited

www.allenbycapital.com

(Nominated Adviser and Joint Broker)


Nick Naylor

+44 20 3328 5656

Mark Connelly

+44 20 3328 5656



First Columbus LLP (Joint Broker)

www.first-columbus.com

Chris Crawford

+44 20 3002 2070



Fusion PR (Media and Analyst Relations)

www.fusionpr.com

 

 

David Worthington

+1 212 651 4200

 

ABOUT xG TECHNOLOGY

xG Technology has developed a broad portfolio of innovative intellectual property that we believe will enhance wireless communications. Its patented intellectual property portfolio covers a wide range of applications, including smart wireless networks that can help address the global wireless spectrum crisis through advanced technology. xG is commercializing some of these technologies to create xMax, a cognitive, or 'smart', radio network system. The Company's technology provides ways to increase the efficient use of spectrum, allowing network operators to offload existing voice or data traffic, reduce dropped calls, and enhance network capacity for their customers. xMax's standards-based IP architecture minimizes network deployment, management and operational costs while simplifying the delivery of high quality fixed and mobile voice and data services. xMax can enhance and extend wireless networks, and provides an economical last mile solution for hard to reach customers and devices. Using field-proven technology, xMax enables the delivery of mobile broadband services to consumers, agencies and enterprises worldwide in both licensed and free unlicensed bands. In the U.S., the Company has 44 patents granted, 16 patent applications pending, and 4 provisional applications pending. Internationally, we have 66 patents granted, 66 patent applications pending, and 10 Patent Cooperation Treaty (PCT) applications. For more information, please visit www.xgtechnology.com.

 

Cautionary Statement Regarding Forward Looking Statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995. Except for the historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements involve risks and uncertainties as set forth in the Company's filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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