On Tuesday, Shares of xG Technology, Inc. (NASDAQ:XGTI), skyrocketed 47.11% to $0.33.
xG Technology, declared a contract with DirectView Holdings, Inc. (DIRV), to integrate its xMax private mobile broadband technology with DirectView’s recently-declared body-worn camera planned for commercial launch early in the third quarter of 2015. The planned integration will consolidate the private, secure, high-performance communications capabilities of xMax with the advanced features and functionality of DirectView’s body-worn camera.
With a number of recent high-profile law enforcement incidents bringing national attention to the need for the use of body-worn cameras by public safety and police officers, both companies see a rapidly increasing market for real-time video access to personnel in security related operations. The integrated product offering by the two companies will provide a wide array of cutting-edge features, counting high-capacity streaming video and imbedded fingerprint access. The initial target markets will comprise law enforcement, military, government, education and real estate security.
Roger Ralston, CEO and Board Chairman of DirectView, said, “We are excited to partner with xG and its xMax technology because of their unique ability to serve as a private, secure, always-accessible communications system for our cutting-edge body cameras. The native IP design of xMax allows seamless integration with our hardware, and their support for secure, high-reliability streaming video transmissions allows us to offer a comprehensive, market-leading solution to law enforcement, and eventually, other sectors. We also look forward to leveraging xG’s experience and contacts in the public safety and military markets, where the use of body-worn cameras has become mission-essential.”
George Schmitt, CEO and Board Chairman of xG Technology, said, “We are happy to declare this agreement with DirectView. This is a testament to the ability of our all-IP private mobile broadband technology to be integrated with a variety of applications serving a broad array of markets. The pairing of DirectView’s feature-rich camera hardware with our communications capabilities that have been designed from the ground up to serve the demanding needs of the emergency administration and first responder community is an exciting opportunity. It represents a compelling, next-generation solution that will be of substantial interest to law enforcement, military and other markets.”
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
At the end of Tuesday’s trade, Shares of Rudolph Technologies Inc. (NYSE:RTEC), jumped 11.62% to $13.45.
Rudolph Technologies, declared financial results for the 2015 first quarter.
- First quarter revenue of $52.6 million raised six percent sequentially and exceeded Company guidance, driven by strong macro defect inspection and software sales.
- Record quarterly software sales contributed to gross margins of 55 percent.
- Non-GAAP net income of $5.4 million, or $0.17 per diluted share, significantly exceeded Company guidance.
- Shipped two JetStep® Lithography Systems in the quarter.
Rudolph Technologies, Inc. designs, develops, manufactures, and supports defect inspection, advanced packaging lithography, thin film metrology, and data analysis systems and software used in microelectronics device manufacturers.
1-800-Flowers.com Inc. (NASDAQ:FLWS), ended its last trade with 10.79% gain, and closed at $12.01.
1-800-FLOWERS.COM, stated revenues from ongoing operations grew 29.3 percent to $232.2 million for its fiscal 2015 third quarter, ended March 29, 2015, contrast with revenues from ongoing operations of $179.6 million in the preceding year period. The Company said the enhance in revenues primarily reflected contributions from Harry & David which the Company attained on September 30, 2014. Total revenues also grew, not taking into account Harry & David, reflecting solid growth in the Company’s Gourmet Food and Gift Baskets and BloomNet segments, somewhat offset by modestly lower revenues in the Company’s Consumer Floral segment due to the Saturday placement of the Valentine holiday.
Gross profit margin for the third quarter was 41.0 percent, consistent with the preceding year period. Operating expense ratio was 48.0 percent, up 540 basis points, contrast with 42.6 percent in the preceding year period, primarily reflecting raised operating expenses associated with Harry & David.
Stated EBITDA loss, not taking into account stock-based compensation, was $6.8 million, contrast with $3.3 million in the preceding year period. Stated net loss from ongoing operations attributable to the Company was $10.5 million, or ($0.16) per share, contrast with a net loss of $1.4 million, or ($0.02) per share in the preceding year period.
1-800-FLOWERS.COM, Inc. operates a florist and gift shop in the United States. The company operates in three segments: Consumer Floral, Gourmet Food and Gift Baskets, and BloomNet Wire Service.
Finally, Civeo Corporation (NYSE:CVEO), closed at $3.82, with 10.09% gain.
Civeo Corporation, declared that it has won four new contracts totaling C$64 million in aggregate value. As a result of these contracts, Civeo will support four different projects that service oil sands mines in the Athabasca region, natural gas production in northwest Alberta, and a gold mine in British Columbia.
The new contracts comprise:
- An accommodations contract to support an oil sands customer that is undertaking a facility turnaround in the second quarter of 2015. Civeo will provide up to 1,800 rooms at its Athabasca and Beaver River lodges for two to three months;
- An operations and general construction contract under which 80 rooms at the Company’s Beaver River lodge will be used through 2017 to support a customer’s ongoing bitumen mining operations and general construction services in the oil sands region;
- The extension of a catering and operations services contract, supporting 700 rooms in the northwest Alberta region, for an additional two years. This award is the continuation of a contract under which Civeo has been providing catering services to a customer since January 2014 supporting the customer’s construction and operation of a natural gas production facility; and
- A manufacturing contract in western British Columbia under which Civeo will build and install a 327-bed camp for a gold-mining customer. Civeo anticipates to complete the installation by early in the fourth quarter of 2015.
Civeo Corporation provides remote site accommodations for the natural resource industry in Australia, Canada, and the United States. It also offers facility administration services, counting food services; customized facility administration information systems that provide clients with the tools and information necessary to manage the allocation of contracted rooms and service days.
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