SARASOTA, Fla., Oct. 16, 2013 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW; AIM: XGTU.L, XGT.L), a developer of wireless communications and spectrum sharing technologies, has completed the first delivery of its xMax comprehensive cognitive radio system, shipping all equipment required to fulfill the $155,000 purchase order that was received from rural broadband provider Walnut Hill Telephone Company on November 26, 2012.
The order was conditional upon FCC equipment certification, which has been received as announced on October 7, 2013. The shipment includes six xMax xAP Access Points, 48 xMod Mobile Hotspot devices and one xMSC Mobile Switching Center. This order is the first of the previously announced $35 million xMax network equipment and services backlog to be completed.
"The development of rural broadband is a priority for rural telephone companies. FCC policies, however, have had the result of making cost recovery for broadband networks more difficult," said Larry Townes, Chairman of Townes Tele-Communications, Inc., parent company of Walnut Hill Telephone Company. "Technological innovation is thus a key to addressing this deployment challenge and unintended policy consequences. Townes Tele-Communications is glad to be part of this effort."
"We are extremely proud to announce that we have now completed assembly, testing and shipment of our first order against our backlog. In completing Walnut Hill's xMax network equipment order, we have achieved the significant milestone of officially commencing delivery of the first truly cognitive, spectrum sharing radio system deployed for rural broadband services in the country," said John Coleman, CEO of xG Technology. "We look forward to working closely with Walnut Hill to help their customers experience the benefits of the xMax system, and to working to fill additional orders from our backlog."xMax is a comprehensive fixed and mobile broadband solution that is designed for rapid deployment and low operating costs. It offers a carrier-grade user experience and can serve as a network backbone or last-mile solution in a number of markets and applications. xMax leverages software defined radio (SDR) and cognitive networking technology that enables efficient sharing of both licensed and unlicensed spectrum.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV