This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

XG Technology Awarded Subcontract By CACI On $497 Million Multiple-Award Contract To Provide Communications And Networking Services To U.S. Army

SARASOTA, Fla., July 28, 2014 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum-sharing technologies, has announced that it has been awarded a subcontract by CACI International Inc ( NYSE:CACI) to provide communications and network services on CACI's prime contract with the U.S. Army's Communications-Electronics Research, Development and Engineering Center (CERDEC) Space and Terrestrial Communications Directorate (S&TCD).  The five-year (three base plus two options) multiple-award indefinite delivery/indefinite quantity (IDIQ) prime contract has a ceiling value of $497 million. With the award, which represents new work, xG Technology is positioned to expand its presence in its cognitive radio market area.

This represents the second subcontract awarded to xG Technology under the multiple-award contract. The initial subcontract award was announced by xG on June 23, 2014.

CERDEC develops and integrates C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) technologies that enable information dominance and decisive lethality for the networked troops. The Space and Terrestrial Communications Directorate (S&TCD), part of the CERDEC, provides secure wireless military communications and networking technologies by assuring connectivity over longer ranges and diverse terrain while in motion, boosting capacity to meet the increasing demands to the tactical edge and ensuring cyber security across the enterprise.

Under the terms of the subcontract, xG Technology will provide research, development and evaluation in support of communications and networks systems under the five S&TCD Division technology areas including antennas, system engineering, satellite communication, cybersecurity, and communications networks. 

"We are honored to have been selected by CACI to participate as a subcontractor on this project, which will leverage our proven cutting-edge expertise in cognitive radio technologies to help improve the effectiveness of tactical communications," said John Coleman, CEO of xG Technology. "xG's considerable expertise in innovating spectrum sensing and sharing and interference mitigation technologies and receiver algorithms should prove instrumental in developing initiatives to improve the performance and efficiency of military communications systems."  

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 for a number of markets and applications. xMax leverages software defined radio (SDR) and cognitive radio access network technology that enable efficient sharing of both licensed and unlicensed spectrum.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs