On Wednesday, in the course of current trade, Shares of xG Technology Inc (NASDAQ:XGTI), climbed 8.96%, and is now trading at $0.305.
xG Technology, declared that it has received an order for about $309,000 for xMax mobile broadband wireless equipment and services which will be integrated into a dedicated Telemedicine/Telehealth Systems Network Infrastructure. The initial network—Phase 1—will be built out in St. George’s, the capital of Grenada, with a Network Operations Center (NOC) capable of supporting regional expansion and growth throughput CARICOM, the community of 15 nations and dependencies located in the Caribbean.
The xMax equipment order was received from Telemedicine MM Systems-New York, an integrator of healthcare and other network systems. Telemedisys plans to integrate the xMax mobile broadband communications platform into its network infrastructure to deliver telemedicine/telehealth, emergency response services, disaster recovery and other applications at an affordable cost. The integration of xMax broadband wireless networking equipment into the network infrastructure will facilitate the desired turnkey-design effect.
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.
During an Afternoon trade, Shares of Rackspace Hosting, Inc. (NYSE:RAX), climbed 0.99%, and is now trading at $37.57.
Rackspace Hosting, declared that YETI, the premium cooler and drinkware retailer, is leveraging Rackspace Managed Cloud to power its fast-growing ecommerce site. With the flexibility of a hybrid Magento environment and Rackspace Digital expertise, YETI maintains a responsive website and scales for traffic spikes without compromising performance.
YETI began working with the Rackspace Digital team in 2012 when the company embarked on a full redesign of its ecommerce platform. Tailored for ecommerce and retail workloads, Rackspace Digital practice area experts deliver solutions that are optimized for fast load times, improved security and PCI compliance requirements with a 100 percent uptime guarantee and a wide range of accessible security solutions. According to YETI, since switching to Rackspace with support for Magento in 2012, YETI’s online sales have raised more than 750 percent.
Rackspace Hosting, Inc., through its auxiliaries, provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide.
Finally, MagneGas Corporation (NASDAQ:MNGA), gained 0.82% Wednesday.
MagneGas Corporation, declared that during the week of June 22, it would be demonstrating MagneGas fuel to several utility companies. Those demonstrations were accomplished last week with decision makers from several top U.S. utility companies in attendance. The Company believes the demonstrations were successful as they have received multiple requests for additional demonstrations as a result of those meetings.
Utility officials representing some of the largest companies in the country, viewed MagneGas2 in hands-on demonstrations and showed strong interest in the fuel, especially its improved productivity and safety features. These demonstrations were conducted for utility officials and department heads, the majority of who have now ordered the next step of introducing the product to their full departments. Initial written feedback from one utility specifically indicated that they found, “MagneGas2 to be environmentally friendly, safer to use, less expensive and more productive than acetylene.”
MagneGas Corporation, an alternative energy company, creates and produces hydrogen based alternative fuel through the gasification of carbon-rich liquids in the United States and internationally.
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