XG Technology, Inc. (NASDAQ: XGTI), a leading provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, today announced that its Vislink business has received orders worth approximately $1 million for its HCAM High Efficiency Video Coding (HEVC) 4K Wireless Camera Systems. The Vislink HCAM was originally unveiled at NAB 2017 in April, when it was hailed as the next generation of HEVC 4K UHD wireless transmitters. The latest orders, which are to be deployed in China, are part of global preorders exceeding $2.5 million for Vislink’s latest wireless camera technology. “This HCAM pre-order further emphasises market confidence in Vislink leading the development of next generation wireless camera systems,” James Walton, president of XGTI’s IMT, Ltd. and head of all IMT and Vislink business operations outside of the Americas, stated in the news release. Delivery of ordered systems is expected to take place by the end of 2017.
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About xG Technology, Inc.
xG Technology’s brands provide wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in challenging environments. xG’s brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax. Based in Sarasota, Florida, xG Technology has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market (symbol: XGTI) For more information, please visit www.xgtechnology.com.
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