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Wireless firm dials $4M deal

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  • | 4:26 p.m. November 27, 2012
  • Manatee-Sarasota
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SARASOTA — xG Technology, which markets and sells a patented system that provides inexpensive Internet-based cell phone calls, received $4.11 million in new purchase orders.

The sale agreements, with six rural telecommunications providers, come two weeks after the Sarasota-based firm announced it was awarded two new patents for its technology. To read more about the patents click here.

The new orders, according to a release, consist of $2.85 million for the firm's xMax cognitive radio networking equipment. That includes wireless access points, mobile switching centers and personal hotspots that support existing smart phones, tablets and laptops. The other portion of the sales, $1.26 million, is for engineering services and hardware, the company says.

“We are very pleased to have received new orders from these providers,” xG non-Executive Director George Schmitt says in the release. “This announcement provides further evidence that xMax offers a compelling wireless solution for independent telephone providers in their efforts to bring advanced, cost-effective wireless technology to unserved and underserved areas of the United States.”

The customers who agreed to buy xG's products and services include: Electra Telephone Co. and Tatum Telephone Co. in Texas; Choctaw Telephone Co. and MoKanDial Telephone Co in Kansas; Haxtun Telephone Co. in Colorado; and Walnut Hill Telephone Co. in Arkansas.



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