xG Technology's IMT Vislink Business gets USD 12.5m contract

xG Technology, Inc. (Nasdaq: XGTI, XGTIW), a provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, has announced that its IMT Vislink business has been awarded a USD 12.5 million contract by the U.S Army with an estimated completion date of Sept. 24, 2020 for the supply of hand-held intelligence, surveillance and reconnaissance receiver devices, the company said.

This represents the third contract received from the Army since 2013 for this same requirement.

Equipment covered by the contract includes ruggedized, lightweight hand-held receivers designed to display real-time video imagery transmitted by aerial assets or frontline surveillance platforms, as well as related accessories.

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, visit www.xgtechnology.com.