xG Technology has been developing a portfolio stocked over the last few years with wireless communications technology that includes cognitive radio networks. In order to get the correct level of technological achievement, they have been accepting quite a bit of capital investments, which will go towards their efforts to create technology that will be recognized in the top tiers.
Among the investors that have placed their confidence in xG is xMax, which recently placed a $6 million purchase order for xG’s cognitive radio network components. Most recently xG has received a purchase order worth $1,030,750 from Assist Wireless Incorporated. The contract will have xG deploy xMax wireless and broadband voice and data technology across Tahlequah, Oklahoma and the surrounding areas.
This particular plan appears to be part of Assist Wireless’ expansion plans in the United States. Assist has a standing in Arkansas, Maryland and Oklahoma, but the company is looking to expand in the very near future to California, Illinois, Kansas, Louisiana, Michigan, Mississippi, Missouri, North Dakota, Pennsylvania and Texas. Assist specializes in offering subsidized wireless services to low income families. Byron Young, CEO of Assist Wireless talked about why his company found this partnership wtih xG so invaluable.
"We view xMax cognitive radio technology as a new way to grow our existing business, diversifying into new areas such as municipal mobile broadband, schools, hospitals and first responder applications," Young said. “The xMax system offers us a low cost, carrier-grade solution for deploying new internet-based services that our customers want, without requiring access to cost-prohibitive licensed spectrum."
In total xG has received orders and investments totalling over $30 million in the last several months.
Edited by Ashley Caputo