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[January 21, 2013]
xG Technology receives $6 million in orders from wireless solutions providers
Jan 21, 2013 (Datamonitor via COMTEX) -- xG Technology, a developer of wireless communications technologies, has received new purchase orders worth $6 million from wireless solutions providers PMC Associates, Communications Marketing Southeast and Mobile-One Communications.
The orders, in aggregate, total a minimum of $6 million for xMax cognitive radio networking equipment, including xMax wireless access points, xMSC mobile switching centers and xMod personal hotspots (capable of supporting existing smartphones, tablets and laptops). Fulfillment of these orders will enable the providers to offer xMax wireless voice and advanced broadband equipment and services to their customers.
These purchase orders bring the total announced backlog of orders for xMax equipment and services to over $14.5 million. While the previous orders were received from firms focused on the rural telecom and homeland security markets, the providers placing the new purchase commitments provide wireless communications to a variety of sectors, xG Technology said.
"We have seen a growing market need for highly reliable mobile broadband networking that can work in license-free spectrum bands. xMax finally enables us to meet this pent-up demand and deliver a real high-performance, high-value solution to our customers," said Philip Casciano, President of PMC Associates.
Jason Bentley, General Manager of Communications Marketing Southeast, said: "Our firm is focused on partnering with manufacturers that deliver cutting-edge wireless solutions. We are very excited to be a part of the xG team and look forward to expanding the markets for their innovative technology." Mike Loncar, president of Mobile-One, said: "Mobile-One is committed to providing the best-in-class solutions to our diverse customer base. We believe xG's xMax cognitive radio system offers a new level of performance, flexibility and value in addressing client needs." Rich Schubiger, vice president of Sales for xG, said: "We are very pleased to establish relationships with these respected and innovative wireless solutions providers. xG is committed to building strong dealer, integrator and manufacturer's representative sales channels that are both broad and deep in scope. Agreements such as these announced today demonstrate our expanding market traction and ability to penetrate a growing number of vertical sectors." Under the terms of the orders, xG will be paid upon the delivery of FCC certified xMax equipment to the providers, which is expected to commence in the second quarter of 2013, the company added.
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