xG Technology (XGTI) Posts Narrower Q2 Loss

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xG Technology Reports Second Quarter 2015 Results

August 14, 2015 5:52 PM EDT

SARASOTA, Fla., Aug. 14, 2015 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum sharing technologies, announced its results for the second quarter ended June 30, 2015.

Key Recent Accomplishments

Received 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 networkPhase 1will 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... More