Shares of xG Technology (NASDAQ: XGTI) are up 7% after the company this morning said that its Vislink business has received an impressive order from a leading medical device manufacturer of microwave communications equipment. The order, which is valued at approximately $1.5 million, includes Vislink communications equipment that will be used as part of an advanced medical device application. “This order demonstrates the appeal of IMT and Vislink’s communications solutions in sectors that go beyond the traditional core verticals in which they have been a market leader, namely, broadcast & media and law enforcement, public safety and defense,” xG Technology executive chairman and CEO George Schmitt stated in the news release.
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About xG Technology, Inc.
xG Technology’s brands provide wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in challenging environments. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax. IMT engages in advanced digital microwave systems and is a trusted supplier to broadcast, sports and entertainment, and MAG (Military, Aerospace & Government) markets. IMT’s products are recognized for their high level of performance, reliability, build quality, extended operating ranges and compact form factors. Vislink specializes in the wireless capture, delivery and management of secure, high-quality, live video, and serves broadcast & media and public safety & surveillance markets. xMax is a secure, rapid-deploy mobile broadband system that delivers mission-assured wireless connectivity in demanding operating environments. It was designed to serve as an expeditionary and critical communications network for use in unpredictable scenarios and during fluid situations, making it ideal for disaster response, emergency communications, and defense applications. In addition to the above business lines, xG has a dedicated Federal Sector Group (xG Federal) focused on providing next-generation spectrum sharing solutions to national defense, scientific research and other federal organizations. For more information, please visit www.xgtechnology.com.
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