George Schmitt, CEO, MB Technology Holdings, LLC

George Schmitt is a Director and the Chief Executive Officer of MB Technology Holdings, LLC (MBTH). MBTH is the parent company of xG Technology, Inc., a leader in cognitive radio network technology. Mr. Schmitt has over 45 years of broad telecom experience in wireless and wireline companies. He currently serves on the board of directors of xG Technology, Calient, Kentrox and Teleworx. Mr. Schmitt is an SBIC Director at TeleSoft Partners, a Silicon Valley based venture capital firm, and is Trustee of St. Mary’s College of California in Moraga, California.

Mr. Schmitt’s experience includes e.spire Communications, Omnipoint Communications, LHS Group, Objective Systems Integrators, PCS PrimeCo, AirTouch Communications, Mannesmann Mobilfunk (Germany), Pacific Telesis, Pacific Telephone, and AT&T. Most recently, Mr. Schmitt was Chairman and Chief Executive Officer of e.spire Communications, a provider of voice, data and Internet services to markets throughout the U.S. Previously, Mr. Schmitt was President and Director at Omnipoint Communication Services (NASDAQ: OMPT) until VoiceStream’s acquisition of Omnipoint Corporation in 2000. Mr. Schmitt was also a Director of two telecom software companies: LHS Group (NASDAQ: LHSG), where he was a Director and member of the Audit Committee prior to its acquisition by Sema in 2000, and Objective Systems Integrators (NASDAQ: OSII), where he was also a Director and Chairman of the Audit Committee and member of the Compensation Committee, which was acquired by Agilent Technologies in 2000.

Prior to joining Omnipoint, Mr. Schmitt was President and Chief Executive Officer of PCS PrimeCo (now part of Verizon Wireless), a national PCS partnership formed by AirTouch, Bell Atlantic, NYNEX and U.S. West. Mr. Schmitt came to PrimeCo from AirTouch where he was Executive Vice President of International Operations responsible for AirTouch’s operations in its ventures in Germany, France, Sweden, Belgium, Italy, Portugal, Japan, Korea and Thailand. Prior to PCS PrimeCo, Mr. Schmitt was a member of the board of management of Mannesmann Mobilfunk in Germany, and also headed the company’s technical department. Mr. Schmitt’s department’s responsibilities included the complete development and operation of the D2 network, the first commercial GSM network in the world.

Mr. Schmitt also served as the Chairman of the GSM Association, an international organization responsible for overseeing the worldwide implementation of GSM wireless technology. Mr. Schmitt received an M.S. in Management from Stanford University, where he was a Sloan Fellow, and a B.A. in Political Science from Saint Mary’s College.