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Wireless firm rings up $1.75M in sales

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  • | 3:08 p.m. April 14, 2014
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  • Manatee-Sarasota
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SARASOTA — Wireless communication firm xG Technology has shipped $1.75 million worth of equipment and engineering services so far in 2014.

Some of the shipments, according to a release, were to fulfill backlogged orders. Another shipment was equipment for a test project with the Autonomous University of Nuevo Leon in Monterey, Mexico — the Sarasota-based firm's first international shipment. A major Mexican firm commissioned the university to evaluate xG's xMax network system, the firm says. The test will take up to six months.

“We are excited to be working with such a prestigious institution as the Autonomous University of Nuevo Leon, known worldwide for its leadership in science and technology,” xG Technology President James Woodyatt says in the release. “This paid engagement, supported by the university, demonstrates that the xMax solution has application in international markets — in addition to the U.S.”

xG is publicly traded on the Nasdaq under XGTI (recent price: $2.47.) The firm markets and sells a patented system for Internet-based phone calls.


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