New Orders For Strategically Important Sectors - Report on xG Technology
NEW YORK, July 27, 2015 /PRNewswire/ --
ACI Association has initiated research coverage on xG Technology, Inc. (NASDAQ: XGTI). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.
Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/?c=XGTI
Highlights from our XGTI Report include:
- Strategically Important Order from Telemedisys- On July 1, 2015, xG Technology, Inc. announced that it has received c. $309,000 order from Telemedicine MM Systems-New York (Telemedisys), an integrator of healthcare and other network systems, for xMax mobile broadband wireless equipment and services. This order provides an opportunity for xG to enter the global telemedicine sector, which is expected to double over the next five years, according to a ReportsnReports.com study.
- Benefits from xMax System Integration - The xMax mobile broadband wireless equipment and services will be integrated into Telmedisys' network infrastructure to deliver telemedicine/telehealth, emergency response services, disaster recovery and other applications at an affordable cost. The integration is expected to facilitate the desired turnkey-design effect. As per the release, in phase 1, initial network will be built out in St. George's, the capital of Grenada, with a Network Operations Center (NOC) that will support regional expansion and growth throughput CARICOM - the community of 15 nations and dependencies located in the Caribbean.
- Follow-on Order from Itellum - Previously on June 30, 2015, xG Technology had received an order for xMax mobile broadband wireless equipment and services from Itellum, LLC of approximately $58,000. This order, which followed the one previously announced on May 20, 2015, would be used to further expand the footprint of the xMax network that was installed in Escazu, Costa Rica. Additionally, the Company highlighted that Itellum is one of four companies who have entered into a formal agreement to participate in the initial xMax Costa Rica deployment, besides expansion into other Latin American markets thereafter. The other partners are Level 3 Communications, Osmin Vargas Corporacion, and MB Technology Holdings, LLC.
Views of Management - Commenting on the order received from Telemedisys, Tim Moynihan, Vice President of Sales for xG Technology, said, "This order, coming after ones we received in the past month for deployment in Costa Rica, confirms the growing acceptance of xMax as an attractive mobile broadband option for international markets. The telemedicine application is a particularly exciting opportunity for xG, since the main factor in its adoption is cost-efficient, widely-available mobile connectivity. These are the key benefits the xMax system is intended to deliver."
To find out how this influences our rating on xG Technology, Inc. read the full report in its entirety here: http://www.aciassociation.com/?c=XGTI
About ACI Association:
Active Charter Investors Association ("ACI Association") produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. ACI Association has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
ACI Association has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer"). Rohit Tuli, a CFA® charter holder (the "CFA®"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on sound investment judgment and publicly available information which is believed to be reliable. The Reviewer and the CFA® have not performed any independent investigations or forensic audits to validate the information herein. Unless otherwise noted, any content outside of this document has no association with the Author, the Reviewer, or the CFA® (collectively referred to as the "Production Team") in any way. The Production Team is compensated on a fixed monthly basis and do not hold any positions of interest in any of the securities mentioned herein.
NO WARRANTY
ACI Association, the Author, the Reviewer and the CFA® (collectively referred to as the "Publishers") are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by the Publishers whatsoever for any direct, indirect or consequential loss arising from the use of this document. The Publishers expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, the Publishers do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither ACI Association nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.aciassociation.com/.
RESTRICTIONS
ACI Association is not available to residents of Belarus, Cuba, Canada, Iran, North Korea, Sudan, Syria or Somalia. Do not send email to robottrap (at) aciassociation.com.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE www.aciassociation.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article