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xG Technology Receives $2,500,000 Purchase Commitment for xMax Broadband Network Equipment from Telemedicine-MM Systems
Date:2/18/2013

SARASOTA, Fla., Feb. 18, 2013 /PRNewswire/ -- xG® Technology, Inc. ("xG" or the "Company") (AIM: XGTU.L, XGT.L), the developer of a portfolio of wireless communications technologies, including cognitive radio networks, is pleased to announce that it has entered into a reseller agreement with Telemedicine-MM Systems ("Telemedicine-MM"), a New York-based health care systems integrator, under which Telemedicine-MM agrees to purchase a minimum of $2,500,000 of xMax network equipment through the term of the agreement to March 31, 2015. Telemedicine-MM will deploy xMax wireless voice and broadband services focusing on telemedicine/telehealth, medevac, and related applications throughout CARICOM, the community of 15 nations and dependencies located in the Caribbean.

"The growth of telemedicine is accelerating globally as a way to control health care costs and provide specialty services to patients in remote locations," said Rod Francis , CEO and founder of Telemedicine-MM Systems. "The xMax system offers us a low cost, high-bandwidth solution that is easy to deploy in the challenging geographies we operate in. The fact that we can operate a carrier grade system in freely available and zero-cost unlicensed spectrum just about anywhere in the Americas helps us provide economical wireless Internet-based solutions to our customers."

This agreement brings the total announced backlog of orders and reseller agreements for xMax equipment and services to over $33.1 million, and expands the growing market traction that xG's technology is experiencing into healthcare and telemedicine applications. Previous announcements have highlighted agreements for deploying xMax in a wide range of indust
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SOURCE xG Technology, Inc.
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