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Founded in 2002, xG Technology has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. The company is the developer of xMax, a patented all-IP cognitive radio network system that enables secure, robust mobile broadband communications for private, consumer and government networks. The xMax system delivers always-available voice, video and data services to both fixed and mobile users, and is interoperable with existing cellular and dedicated networks without being dependent on them. xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide area, as well as rapid emergency communication deployment in unpredictable environments and during fluid situations. xG offers solutions for numerous industries worldwide, including emergency response and public safety, military, telemedicine, urban and rural wireless broadband, utilities, and critical infrastructure. xG has built an intellectual property portfolio including over 100 patents and pending patent applications. The company is publicly traded on NASDAQ; xG common stock is traded under the symbol XGTI and xG warrants are traded under the symbol XGTIW.

NuRise Telecom, LLC is a privately owned and operated international wholesale and retail telecommunications company with a focus on US and Central American markets.  The company prides itself in providing the highest quality of services, ranging from US domestic termination, international A-Z and managed directs throughout central and Latin America. Its primary business has traditionally been as a wholesale telecom operator, and it presently terminates in excess of three million calls daily. NuRise has co-located facilities in the U.S. which enables it to offer services in all states, cities, and rate centers. Their wholesale traffic comes from more than 50 countries.

On Jan. 19, 2016, xG Technology announced that it entered into a binding letter of agreement to acquire the assets of Mt. Olive, NJ-based Integrated Microwave Technologies, LLC (IMT) from Skyview Capital, LLC. The $3MM purchase price reflected a combination of cash and long-term debt. The acquisition was completed on Feb. 1, 2016.

Integrated Microwave Technologies is a leader in advanced digital microwave systems and a provider of engineering, integration, installation and commissioning services serving the Broadcast, Sports & Entertainment and MAG (Military, Aerospace & Government) markets. The company comprises the leading microwave brands Nucomm, RF Central and IMT, offering customers worldwide complete video solutions. Nucomm is a premium brand of digital broadcast microwave video systems. RF Central is an innovative brand of compact microwave video equipment for licensed and license-free sports and entertainment applications. IMT is a trusted provider of mission-critical wireless video solutions to state, local and federal police departments. More information can be found at www.imt-solutions.com.

The press release announcing the acquisition can be read at this link.
The press release announcing the completion of the acquisition can be read at this link.