XG Technology Selected Subcontractor On $497 Mln Multiple-Award Contract

(RTTNews) - xG Technology, Inc. (XGTI, XGTIW), a developer of wireless communications and spectrum-sharing technologies, said it has been selected as a subcontractor to provide communications and network services to the U.S. Army's Communications-Electronics Research, Development and Engineering Center Space and Terrestrial Communications Directorate.

xG Technology teamed with prime contractor Science Applications International Corp. (SAIC) on this five-year period of performance multiple-award indefinite delivery/indefinite quantity contract.

The contract has a ceiling value of $497 million. It represents new work, and expands xG Technology's presence in its cognitive radio market area.