IMT VISLINK RECEIVES $900,000 CONTRACT TO SUPPLY AIRBORNE VIDEO DOWNLINK, TRANSMIT AND RECEIVE SYSTEMS FOR USE BY THE U.S. AI...
January 07 2019 - 7:00AM
xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW),
whose brands are recognized as the global leaders in live video
communications, today announced that its IMT Vislink business has
been awarded a $900,000 order to supply airborne video downlink
solutions for use by the U.S. Air Force. The contract calls for the
supply of transmit and receive systems, ground-based units designed
to display real-time video imagery taken by aerial assets, related
component and accessories, and training services.
This is a follow-on order to one previously
announced on May 23, 2018, and similar to an order IMT Vislink
received from the U.S. Army that was announced on November 20,
2017.
“IMT Vislink remains a trusted partner to our
armed forces, owing to our reliable, high-performance, rapidly
deployable video communications systems,” said John Payne,
President and COO of IMT Vislink. “Our ability to provide solutions
that meet stringent requirements and can support the most demanding
applications and deployment scenarios, underscores our leadership
in customizable, mission-critical video technology.”
About xG Technology,
Inc./IMT/Vislink xG Technology’s IMT and Vislink brands
are recognized as the global leaders in live video communications
and are trusted suppliers to tier-1 customers in
broadcast/sports/entertainment, and law enforcement/public
safety/defense markets. Their products are recognized for high
levels of performance, reliability, build quality, extended
operating ranges and compact form factors. In the broadcast, sports
and entertainment sectors, IMT and Vislink provide high-definition
communication links to reliably capture, transmit and manage live
event footage. In the law enforcement, public safety & defense
markets, IMT and Vislink provide secure video communications and
mission-critical solutions to local, national and international
agencies and organizations. More information can be found at
www.imt-solutions.com and www.vislink.com.
Based in Sarasota, Florida, xG Technology has
over 80 patents and pending patent applications. xG is a publicly
traded company listed on the NASDAQ Capital Market (symbol: XGTI).
More info: www.xgtechnology.com.
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FOR MORE INFORMATION:xG
Technology: Daniel
Carpini941-953-9035daniel.carpini@xgtechnology.com
Investor Relations:John
Marco/CORE IR516-222-2560johnm@coreir.com
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