NEW YORK (TheStreet) -- xG Technology (XGTI) is up 13.9% to $2.81 in trading on Friday
The bump follows the company's announcement that it has entered into a funded product testing agreement with Autonomous University of Nuevo Leon of Monterey, Mexico.
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The university was commissioned to test xG's xMax network system for a set of potential use cases by an undisclosed major Mexican corporation. The test is expected to run for six months.
The cognitive radio technology manufacturer hopes to prove that its products are useful in unlicensed spectrum outside of the U.S.
"This paid engagement, supported by the University, demonstrates that the xMax solution has application in international markets - in addition to the U.S. It also shows that spectrum issues extend beyond our borders," said xG President James Woodyatt. "We will be providing the University with the products, support and operational training needed to conduct a comprehensive evaluation over the next 180 days."
TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."