Business
Response to xG Technology Inc Press Release
Response to xG Technology Inc Press Release.
About this update from Pebble Beach Systems Group Plc
[{"type":"text","content":"\n \nRNS Number : 7944Y Pebble Beach Systems Group PLC 07 March 2017 \n\n \n \n \nPebble Beach Systems Group plc (the \"Company\" or the \"Group\")\n \nResponse to xG Technology Inc Press Release\n \nThe Company notes the press release issued by xG Technology Inc (\"xG\") dated 7 March stating that they are in dispute with the Company. The Board is not aware of any dispute or any breaches of the Business Purchase Agreement as alleged and has requested from xG disclosure of the allegations made. \n \n \n \nFor further information please contact:\n \n \n\n\n\n\nJohn Varney\nNon-Executive Chairman\nPebble Beach Systems Group plc\n\n\n+44 (0) 14 88 68 55 00\n\n\n\n\n \n\n\n\n\nCharlie Jack / Bertie Berger \nHudson Sandler\n\n\n+44 (0) 20 77 96 41 33\n\n\n\n\n\n\n\n\n\n\n\n\nShaun Dobson / James White\nN+1 Singer \n\n\n+44 (0) 20 74 96 30 00\n\n\n\n\n \n \nThe Company is listed on the LSE AIM market (PEB.L). More information can be found at www.pebbleplc.com.\nAbout Pebble Beach Systems Limited \n \nPebble Beach Systems Limited (Pebble) is a leading developer and supplier of automation, channel in a box, integrated and virtualised playout technology for TV broadcasters, service providers, and cable and satellite operators. Founded in 2000 and headquartered in Weybridge, Surrey, Pebble has developed a portfolio of successful products which have the flexibility to support a wide range of broadcast applications with scalable products designed for highly efficient multichannel transmission as well as complex news and sports television. Installed in more than 70 countries and with proven systems ranging from single up to over 150 channels in operation, Pebble's international client base includes TV Globo Brazil, Fox News and Business channels USA, ZDF Germany, Orbit Showtime Ne...