On Monday, Shares of xG Technology Inc (NASDAQ:XGTI), added 57.04% and closed at $0.446 in the last trading session. The last trading range of the stock ranges between $0.41 and $0.62. xG Technology, Inc. (“xG” or the “Company”) (Nasdaq: XGTI, XGTIW), a developer of robust and resilient wireless communications and spectrum sharing technologies, declared that, together with partner Southwest Research Institute® (“SwRI®”), it has received a $3.0M award issued by the Defense Information Systems Agency for Prototype Spectrum Sharing Systems for the 2025-2110 MHz Band.
xG will perform a noteworthyportion of the project, and the award represents a noteworthymilestone in the application of xG’s highly unique core technology to Government efforts to permit spectrum sharing between certain government and commercial applications. Government programs in spectrum sharing have been identified by xG as a key planned focus.
John Coleman, President of xG’s Federal Business Unit, said, “xG’s unique knowledge and expertise in the arenas of spectrum sharing and interference mitigation, together with the Electronic News Gathering (ENG) market leadership of our business unit IMT, make us exceptionally well-positioned to deliver innovation and value in this effort as part of the Southwest Research Institute team. xG believes it can make important contributions to more efficient use of America’s valuable spectrum through spectrum sharing technologies.”
In January 2015, the U.S. government concluded an auction of the 1755-1780 MHz Federal use radio frequency spectrum to Advanced Wireless Services licensees. As part of the auction, some DOD systems are relocating operations into the 2025-2110 MHz region of the spectrum, where they will share that spectrum with ENG operations. The overall objective of this Program is to develop a prototype architecture and associated set of concept of operations (CONOPS) and Use Case (UC) materials for a dynamic spectrum sharing system for DOD operations transitioning into the 2025-2110 MHz band and incumbent ENG services. This prototype architecture and documentation will be used to accelerate development of the production sharing system under the DISA transition plan. It is expected that radios operating in this band in the future will adopt the innovative technologies and systems developed under the transition plan to optimize spectrum sharing and co-use.
Merck & Co., Inc. (NYSE:MRK), jumped 0.18% and closed at $62.52 in the last trading session. The last trading range of the stock ranges between $61.67 and $62.57. The company’s Market capitalization is $174.28 Billion with the total Outstanding Shares of 2.77 Billion. Merck (MRK), known as MSD outside of the United States and Canada, recently declared that new data from the company’s chronic hepatitis C virus (HCV) clinical development programs will be presented at The Liver Meeting® 2016. Fifteen scientific abstracts, counting seven oral and eight poster presentations, will highlight findings from Merck’s HCV clinical development programs. The data include evaluations of ZEPATIER™ (elbasvir and grazoprevir) 50mg/100mg tablets and the company’s investigational MK-3682B (MK-36821/grazoprevir2/rusazvir) in a broad range of patients with chronic HCV infection. The Liver Meeting® 2016 will take place in Boston, MA, from November 11-15, 2016.
“Merck has been a part of the fight against chronic hepatitis C infection for more than 30 years, and that fight continues. Chronic hepatitis C is a complex infectious disease that affects tens of millions of patients globally, each with their own personal circumstances, co-morbidities and challenges,” said Dr. Eliav Barr, senior vice president, global clinical development, infectious diseases and vaccines, Merck Research Laboratories. “At AASLD this year, researchers will share data from numerous studies that are underway to better understand the potential of ZEPATIER and our investigational medicines in diverse patient populations.”
Southwest Airlines Co (NYSE:LUV), gained 2.19% and closed at $39.74 in the last trading session. The last trading range of the stock ranges between $38.70 and $39.74. During the 52-week trading session the minimum price at which share price traded, registered at $33.56 and reached to max level of $51.34. – For the 20th successive year, Southwest Airlines Co. (LUV) is bringing home one of air cargo’s top awards. Logistics Administration awarded the airline with the Quest for Quality Award. The airline was first honored with the award in 1996 and has consistently brought home this award in the 20 years since.
“The People of Southwest Airlines display the ultimate model of consistency, having earned this award every year for the past two decades,” said Matt Buckley, Southwest Vice President of Cargo and Charters. “It’s abundantly clear that our Cargo, Ramp, and Operations Teams’ commitment to Customer Service are withstanding the critical test of time.”
Logistics Administration’s Quest for Quality Award is regarded as the standard to measure customer satisfaction and performance excellence. The award is chosen upon the following attributes: performance, value, information technology, equipment and operations, and customer service.