NEW YORK (TheStreet) -- xG Technology
(XGTI - Get Report) was up 33.1% to $3.58 this afternoon after announcing that its cognitive radio software is ready for wide release. The wireless communications company had previously released its xMax broadband networking equipment on conditional availability to select consumers.
xG specializes in cognitive or smart radio technology that allows radio transceivers to pick up and use pockets of free spectrum within already purchased spectrum without disrupting their service and conforming to FCC standards.
"We are excited to release these enhanced capabilities to our customers' networks via over-the-air software updates," said John Coleman, CEO of xG Technology. "This underscores one of the core benefits of leveraging advanced software defined radio technology in xMax. It enables xG to rapidly deliver feature and capability updates via software-only rollouts, versus hardware upgrades and replacements required by competitive solutions."
Must read: Warren Buffett's 10 Favorite Stocks
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts