xG Technology has entered into a reseller agreement with Telemedicine-MM Systems, New York-based health care systems integrator, under which they have agreed to purchase a minimum of $2,500,000 of xMax network equipment between now and March 31, 2015.
Telemedicine-MM will deploy xMax wireless voice and broadband services focusing on telemedicine, telehealth, medevac, and related applications throughout CARICOM, the community of 15 nations and dependencies located in the Caribbean.
“The growth of telemedicine is accelerating globally as a way to control health care costs and provide specialty services to patients in remote locations,” said Rod Francis, CEO and founder of Telemedicine-MM Systems. “The xMax system offers us a low cost, high-bandwidth solution that is easy to deploy in the challenging geographies we operate in. The fact that we can operate a carrier grade system in freely available and zero-cost unlicensed spectrum just about anywhere in the Americas helps us provide economical wireless Internet-based solutions to our customers.”
This agreement brings the total announced backlog of orders and reseller agreements for xMax equipment and services to over $33.1 million, and expands the growing market traction that xG’s technology is experiencing into healthcare and telemedicine applications.
Previous announcements have highlighted agreements for deploying xMax in a wide range of industries and applications, including rural telecom, public safety, education, utilities, local government, gaming and casinos, hospitality, transportation and logistics, manufacturing, and healthcare.
“We are excited to see our technology supporting the delivery of vital health services,” said Chris Whiteley, Vice President of Business Development for xG Technology. "This partnership with Telemedicine-MM not only expands the application of our technology, but also represents international demand for cognitive radio solutions to real-world problems.”
Under the terms of the order, xG will be paid upon the delivery of FCC certified xMax equipment to Telemedicine-MM Systems, which is expected to commence in the second half of 2013.
The press release can be viewed at this link.
xG Technology, Inc.