Even though the FCC has shutdown along with the
government some things are still happening, which is good news for xG
Technology. xG Technology develops wireless communication and spectrum sharing
technologies. Their xAP (xMax Access Point) has received FCC certification by
way of a Grant of Equipment Authorization. This was the final approval that xG
Technology needed to begin delivery of all components of its xMax cognitive
network solution to its customers.
Now that they have received approval, xG Technology is
now positioned to begin commercial production against the previously announced
backlog for xMax network equipment and services totaling over $35 million. The
xAP is a radio-newtorking product that provides wireless broadband connectivity
to xMod Mobile Hotspot and XVM Vehicle Modem devices that support end user
access to fixed Internet, video, and voice services.
"With all required FCC certifications now
complete, we can begin fulfilling xMax network equipment orders for our xMax
cognitive radio system," said John Coleman, CEO of xG Technology. "xG
has been able to successfully achieve delivery of high-quality components from
our supply chain, internal xMax production and testing and full FCC
certification of our product suite, all while working under a capital
constraint."
Coleman continued, "Our next steps are to
transition our assembly and testing capability to external contract
manufacturers. With external production in place, we can begin shipping against
backlog orders in volume. We are now evaluating financing options to fund this
next phase of operations. While our timetable to volume shipment and revenue
recognition has been extended, we have made strong progress toward
commercializing the xMax cognitive radio broadband solution with this
xG Technology
develops a broad portfolio of intellectual property to make wireless networks
more intelligent, accessible, affordable and reliable. The company has created xMax, a
patented all-IP cognitive radio technology that enables spectrum
sharing. xMax can solve the crisis
facing the wireless industry caused by data-hungry devices and
applications that are straining network capacity. It eliminates the need to
acquire scarce and expensive licensed spectrum, thus lowering the total cost of
ownership for wireless broadband access.
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