XG Technology Inc (NASDAQ:XGTI) Stock Galvanized On Back Of New Patent
XG Technology Inc (NASDAQ:XGTI) announced on 3rd march that it had request for a new patent for its innovative approach to access signals dynamically has been accepted by the patents office and has been awarded a new patent. The investment community was galvanized post this announcement, leading to an unprecedented build up in demand for the company stock at the browsers. The stock has appreciated by close to 286 percent in the past three days of trading since the patent award news became public.
Cognitive Spectrum Sharing Solution
The proprietary technology allows the telecom solutions provider to offer its customers a complete new and effective way to connect with radio and wireless signals, even in a crowded frequency operating space. The new solution will allow XG Technology Inc (NASDAQ:XGTI) to position itself as the industry leader in providing solutions which enables telecom firms to offer cognitive spectrum sharing infrastructure in a high demand scenario. This solution, thanks to its intuitiveness would be able to stack rank and prioritize the demand for high bandwidth that can occur in peaks at crowded locations. This would help service operators avoid installing additional infrastructure which could be redundant most of the time and also work towards achieving a greater customer satisfaction for the quality of service being provided.
The patents office issued the patent number U.S.P.T.O. #8,660,136 for this innovation which had been filed in its office as a “Measurement Coordination for Dynamic Spectrum Access Measurements in a Time Division Duplex System”. Commenting about the patent award, XG Technology Inc (NASDAQ:XGTI) CEO John Coleman has been quoted to have said that, “The announcement of this patent award underscores xG’s position as the leading innovator in the field of cognitive radio development .It continues our aggressive efforts to codify our intellectual property portfolio and bring game changing spectrum sharing solutions to the market.”