SARASOTA, Fla., July 1, 2015 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum sharing technologies, announced today that it has received an order for approximately $309,000 for xMax mobile broadband wireless equipment and services which will be integrated into a dedicated Telemedicine/Telehealth Systems Network Infrastructure. The initial network—Phase 1—will be built out in St. George's, the capital of Grenada, with a Network Operations Center (NOC) capable of supporting regional expansion and growth throughput CARICOM, the community of 15 nations and dependencies located in the Caribbean.
The xMax equipment order was received from Telemedicine MM Systems-New York ("Telemedisys"), an integrator of healthcare and other network systems. Telemedisys plans to integrate the xMax mobile broadband communications platform into its network infrastructure to deliver telemedicine/telehealth, emergency response services, disaster recovery and other applications at an affordable cost. The integration of xMax broadband wireless networking equipment into the network infrastructure will facilitate the desired turnkey-design effect.
The opportunity to enter the global telemedicine market was viewed as strategically important for xG. This sector is expected to double over the next five years, according to a ReportsnReports.com study, driven by a focus on health IT and mobile healthcare.
Tim Moynihan, Vice President of Sales for xG Technology, said, "This order, coming after ones we received in the past month for deployment in Costa Rica, confirms the growing acceptance of xMax as an attractive mobile broadband option for international markets. The telemedicine application is a particularly exciting opportunity for xG, since the main factor in its adoption is cost-efficient, widely-available mobile connectivity. These are the key benefits the xMax system is intended to deliver."
Rod Francis, CEO of Telemedisys, said, "The integration of the xMax wireless system and services into the network infrastructure will provide for universal access, reliability, stability and affordability. Affordable mobile broadband is of high importance to the region's socioeconomic future. Our mission and purpose, therefore, is to provide the framework for self-empowerment, upward mobility and the attainment of quality of life experiences
