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XGTU XG Tech

1.50
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
XG Tech LSE:XGTU London Ordinary Share COM STK USD0.00001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.50 USD

XG Tech (XGTU) Latest News

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XG Tech (XGTU) Discussions and Chat

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Date Time Title Posts
29/5/201307:31XG TECHNOLOGY INC COM STK USD0.0196

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XG Tech (XGTU) Top Chat Posts

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Posted at 18/2/2013 15:05 by andrbea
Aabout $16m in new contracts already this year, ceo targeting 100m.

illiquid (once rose 100% in a day), tightly held and relatively low share price just now

eg last story on this link:

Feb 15 2013: According to Rich Schubiger, xG Vice President of Sales, "We have a pipeline that's north of $100 million right now. We've identified the opportunity. We've identified that we do have a solution that fits the needs of the customer, and we've identified a funding solution. Between short and long term, that number is north of $100 million."
Posted at 18/1/2013 13:47 by andrbea
reckon (illiquid) xgtu is worth a re-rating.

they have (for almost the first time ever) a full order book:

These purchase orders bring the total announced backlog of orders for xMax equipment and services to over $14.5 million and highlight the growing appeal of xG's technology in different business sectors.

Read more here:
Posted at 31/5/2012 15:06 by looky
Presidential Panel Urges More Flexible Use of Spectrum
The New York Times
By John Markoff
May 26, 2012

SAN FRANCISCO - A just-completed report from a presidential advisory committee urges President Obama to adopt new computer technologies to make better use of a huge swath of the radio spectrum now controlled by federal agencies.

The shift, which could be accomplished by presidential signature - and without Congressional involvement - would relieve spectrum congestion caused by the popularity of smartphones, and generate far more revenue for the federal government than auctioning spectrum to wireless carriers, according to the authors of the report.

Making better use of the spectrum for cellphones would allow for more services, more competition and possibly lower prices for consumers using cellphone data services.

The new plan, which calls on the government to electronically rent or lease spectrum for periods of time as short as seconds using newly available computerized radio technologies, was presented publicly Friday to a meeting of the President's Council of Advisors on Science and Technology, or PCAST.

The authors of the report included Eric E. Schmidt, the chairman of Google, Craig Mundie, Microsoft's chief research and strategy officer and Silicon Valley venture capitalists Mark P. Gorenberg and David E. Liddle, among others. The report is scheduled to be presented to the president in June after final editing.

The idea of using computer-based technologies to increase spectrum capacity is catching on rapidly in the United States and overseas. Twice this month in speeches before cellular and cable companies Julius Genachowski, the Federal Communications Commission chairman, has called on industry to embrace spectrum-sharing technologies to make room for the wireless data explosion.

The report is a response to a 2010 memorandum by President Obama calling on federal agencies to find ways to clear 500 megahertz of spectrum to make way for the growth of new wireless services during the next decade. He believes freeing the spectrum will promote economic growth.

The authors cite a recent European study that found that freeing 400 megahertz of radio spectrum to be shared using new technologies would be equivalent to an economic financial stimulus of 800 billion euros.

According to Mr. Gorenberg, who presented the report on Friday before the committee, the amount of wireless data that has been transmitted by the growing legions of smartphones and wirelessly connected tablets has doubled every year for the last four years. He said that there would be as many as 50 billion devices transmitting and receiving wireless data by 2020, leading many in the wireless industry to forecast a spectrum crisis.

However, he said that the committee's authors believed that agile radio technologies that make it possible for computerized radio systems to share spectrum on a vastly more efficient basis would make it possible to move from an era of scarcity to one of abundance. The central point of the report is that while there is no new spectrum available, new technologies can vastly increase the capacity of existing spectrum.

The report concludes that the radio spectrum could be used as much as 40,000 times as efficiently as it is currently and the committee recommends an approach that could increase capacity 1,000 fold, Mr. Gorenberg said. "We're living with spectrum that is of a policy that was really set in motion by technology of 100 years ago," he said. "That's led to a fragmentation of the spectrum that has led to inefficiency and artificial scarcity."

Except for several unlicensed frequencies established by the Federal Communications Commission that gave rise to data services like Wi-Fi and Bluetooth, today much of the radio spectrum is licensed to both commercial users and government agencies who have no incentive to use the spectrum they control efficiently, he said.

The new radio technology was pioneered during the late 1990s and is described as "cognitive" or "agile" radio. Such computer-controlled radios inside a cellphone can rapidly switch the frequencies they broadcast and receive on based on an arbitrary set of rules. One analogy to describe the technology might be a freeway system, in which individual vehicles could quickly switch lanes or drive more closely together.

The report, which is titled "Realizing the Full Potential of Government-Held Spectrum to Spur Economic Growth," calls for a tiered system in which different users would have different priority, possibly based on whether they were a government user, a user who was prepared to pay more for a higher quality-of-service," or a casual user who might be assigned the lowest priority and pay the lowest rate. Unlike today's unlicensed Wi-Fi spectrum, which can be used freely, the newly available spectrum would require devices "register" in a database that would then control the terms of their access to the spectrum.

"One of the reasons we think we will see this dramatic economic expansion around radio-based systems in the future is that we can have a dramatic lowering of the apparent cost of gaining access and that will be facilitated by the registration system," Mr. Mundie said.

The report also calls on the president to create a "synthetic" currency that could be used to entice federal agencies into offering more spectrum to the system. "The agencies don't have an incentive to move forward," he said. "We think a carrot approach is a much better approach." The proposed system would in effect increase an agency's budget if it was willing to give up, or share its spectrum.

In response to questions after his presentation, Mr. Gorenberg said that foreign competitors were already aware of the potential economic value of the new radio technologies and that the United States was in a contest to develop systems quickly.

"I think this is a worldwide race," he said. "There are people looking at this everywhere. This is something that is very important to the U.S. to lead here to have our vendors out front so they can export their products overseas."

He warned that if the United States failed competitively, the nation would likely see a repeat of the situation in the early 1990s when advanced digital cellular standards were created first in Europe.
Posted at 20/3/2012 08:00 by andrbea
rns

...... who have subscribed 400,000 new shares of $0.01 each in the common stock of the Company ("Shares") at $1.00 per Share, which represents a substantial premium to the current market price.
Posted at 04/1/2012 17:14 by andrbea
xgtu 8%

04/01/2012 16:39:37 XGTU 0.60 O 4,000
04/01/2012 16:35:28 XGTU 0.65 UT 4,000
04/01/2012 15:51:23 XGTU 0.70 O 4,000
04/01/2012 15:00:21 XGTU 0.60 UT 2,449
04/01/2012 11:00:24 XGTU 0.60 UT 12,551
Posted at 22/12/2011 08:20 by andrbea
nice fat fee agreed (today's rns)

looking for some upside from this low share price
and it can move fast (low free float)

xG, the developer of a portfolio of wireless communications technologies, including cognitive radio networks, is pleased to announce that the Company has entered into an agreement (the "Market Agreement") with Care21 Limited ("Care21") granting exclusivity for the deployment of xMax, the Company's wireless cognitive cellular network system, in the Broward and Miami-Dade Counties of Florida, United States (the "Territory"). The Market Agreement, which Care21 is signing on behalf of an international investor group led by Markus Losada, the founder of Care21, is for a term of five years and provides for payment of a market exclusivity fee of a total of $15 million (the "Fee").
Posted at 02/11/2011 08:50 by andrbea
yep, geat article!

xgtu gone blue

In the spring, the military plans to expand its tests to include several hundred different phones in a limited geographic area, McCarthy said.

"I'm going to push that system as far as we can push it, because I want to know the limitations," he said. "We're doing the same for all of the systems that we're looking at, but this system - if it proves out during our evaluation - is a potential game changer, in terms of how we can use smartphones on the battlefield."

McCarthy said he considers the xG Technology system and other solutions being tested by the military to be "complementary" to the military's own development of advanced communications that leverage cognitive radio and other information-assurance techniques. It is possible that the U.S. Army could make decision on at least some of these technologies soon, so the solutions could be used by soldiers on battlefields as early as next year, he said.

"Instead of being years away on that, I think we're closer to months away to having a viable solution," McCarthy said.
Posted at 15/8/2011 08:26 by andrbea
("MBTH") is providing further financial support to the Company by assuming three million dollars ($3,000,000) in value of personnel and other liabilities of the Company in consideration for the issue to MBTH of new shares of $0.01 each in the common stock of the Company ("Shares") at $0.25 per Share (which represented a premium of 233% to the closing mid-price of $0.075 for the Company's existing shares on March 16, 2011, the day before the approval of the transaction by the directors of xG on March 17, 2011 (the "Transaction")). Accordingly, the Company is issuing twelve million (12,000,000) new Shares to MBTH. Although MBTH will be paying for certain xG liabilities that are anticipated to be primarily made up of employee payroll and contractor costs, the Company will retain the full benefit of the services of such personnel.

John Coleman, Chief Executive Officer of xG Technology, commented: "The additional and ongoing support of our parent company, MBTH, is exceptional and extremely valuable to xG. Since its foundation, MBTH has continued to provide strategic and financial support to the Company, in each case on advantageous terms and at a very substantial premium to the prevailing market price for xG's shares. This further support from MBTH evidences MBTH's strong commitment to xG and its belief in the attractive future prospects of the Company. The financial stability given by MBTH to the Company has allowed us to make substantial investment in further development and product enhancement and to execute on our long term plan to enter the ever increasing number of markets that have begun to recognize the unique potential of xMax."
Posted at 21/7/2011 17:01 by felchandbart
This has gone up something like 700% in just a couple of months. Wished I'd known about this company sooner and invested right at the start. Even so, what are the prospects for the share price over the next couple of months? Will we see a major retrace, or has this one still further to go. Your views are welcome. Also can anyone point me towards other very early stage companies which have the potential to show similar sort of gains as have been seen here? Thanks in advance for your help.
Posted at 20/7/2011 13:04 by andrbea
looks well funded to me:

the 51% shareholder (mbth) has opened its purse twice already (tranches of 10 + 15 million):
rns 18.7.11 says:

- received convertible shareholder loan facility commitments totaling $10 million from MB Technology Holdings, LLC ("MBTH"), which has become the parent company of xG. Of the $10 million in commitments, $5,200,000 was used to repay the original convertible shareholder loans, and the balance was used to assist the Company with its working capital, to fund additional planned trials of its xMax cognitive radio network system and to continue development along the Company's Technology Roadmap. The convertible shareholder loan was subsequently converted into equity at $0.25 per new share, resulting in the issue of 40 million new xG shares to MBTH. Following the issue of the new shares, MBTH holds a total of 100,398,372 shares in the Company, representing 51.68% of xG's enlarged issued and outstanding share capital.

- received the commitment of a new convertible shareholder loan facility up to $15 million from MBTH.
XG Tech share price data is direct from the London Stock Exchange