xG Technology gets subcontractor position on USD497m Multiple-Award Contract

xG Technology, Inc. (NASDAQ: XGTI) (NASDAQ: XGTIW) said it has been selected as a subcontractor to provide communications and network services to the US Army´s Communications-Electronics Research, Development and Engineering Center (CERDEC) Space and Terrestrial Communications directorate (SandTCD).

xG Technology teamed with prime contractor Science Applications International Corp. (NYSE: SAIC) on this five-year period of performance (a 36-month base and 12-month options) multiple-award indefinite delivery/indefinite quantity contract. The contract has a ceiling value of USD497m, represents new work, and expands xG Technology´s presence in its cognitive radio market area.

CERDEC develops and integrates C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) technologies that enable information dominance and decisive lethality for the networked troops.

Under the terms of the subcontract, xG Technology will provide research, development and evaluation in support of communications and networks systems under the five SandTCD Division technology areas including antennas, system engineering, satellite communication, cybersecurity, and communications networks.

xG Technology has created a broad portfolio of intellectual property that makes wireless networks more intelligent, accessible, affordable and reliable. For more information, visit www.xgtechnology.com.

SAIC is a leading technology integrator providing full life-cycle services and solutions in the technical, engineering, and enterprise information technology markets. For more information, visit http://www.saic.com

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