xG Technology Scores Another Potential Win

Rich Tehrani : Communications and Technology Blog - Tehrani.com
Rich Tehrani
| Communications and Technology Blog - Latest news in IP communications, telecom, VoIP, call center & CRM space

xG Technology Scores Another Potential Win

Yesterday I discussed how xG Technology scored with a big $6M win and today the company has announced Cornet Technology has entered into an agreement with xG to resell $5M worth of the company’s products to the government and DoD.

Cornet Technology, Inc. is a privately-held concern which designs, engineers, and manufactures a wide range of advanced command, control, communications, computer, intelligence, surveillance, and reconnaissance (C4ISR) solutions targeted at U.S. and international defense and aerospace agencies.

The deal covers part of an end-to-end two-way video streaming solution for vehicles that is currently under development.

For a company which so many predicted wouldn’t make it  – the potential for $11M in sales in two days is pretty impressive. Still, while the news of this partnership is great for company backers and employees, it isn’t a done deal quite yet.

A few other points. If the company is successful selling to the government via this deal - it could do exceedingly well selling to other governments around the world and to more US agencies as well. Also, M2M could be a market which can benefit from the company's solutions.

On the negative side of the ledger is the potential for ubiquitous WiFi coverage and Super-WiFi technologies to make the company's solutions less valuable over time.

Related Articles to 'xG Technology Scores Another Potential Win'
Brian Brorsbøl.jpg
Aricent Sign.jpg
Amdocs Mobile Financial Services Solution1.jpg

Featured Events