Added: Mar 29, 2016 1:05 pm
This is a notice of intent. A written solicitation wil be issued. The Army Contracting Commans (ACC), Aberdeen Proving Ground, Huachuca Division intends to solicit and negotiate with xG Technology, Inc. on a basic Other then Full and Open Competition under the authority of 10 U.S.C. 2304 (c)(1), Other than Full and Open Competition, as implemented by FAR 6.302-1, Only One Responsible Source and No Other Supplies and Services Will Satisfy Agency requirements. This is notice of intent. This is not a request for competitive proposals. However, the Government will consider all responses received within fifteen days after dated of publication of this Notice of Intent. The contract will be awared on a sole source firm-fixed price basis to xG Technology, Inc., Cage Cide: 627W2 for the procurement of the following items.
See Salient Characteristice attachment.
Got a few under their belt now. Need a few more to really get going. Hope it comes soon. Management is really poor so I'm not sure it will. Be advised.
This is disgusting! I've been following this stock for years. Even owned it once. They have been approved for sale in Canada for years now and not one sale. Why? Super bugs are still around and becoming more of a problem with HAI and the largest hospital supply company in Canada is unable to sell a single unit in all this time. #$%$ is going on. Not only in Canada, but the rest of the world is their marketplace as well and still NO SALES. #$%$. If this is a non-toxic system that kills everything hospitals should be stumbling over each other to get a unit. This is really disgusting. Really. What is EPA approval going to do when they haven't been able to sell a single unit in any other country?
This is such a growth story indeed. They have a product that will save the health care industry and consumers tons of money by allowing the tests to determine the correct type of cancer etc. Now millions of people has access to these tests and it behooves insurance companies and doctors to utilize these tests.
Income has been getting greater each year and sooner or later they should achieve a positive EPS. Lord willing. I'm surprised this stock is under a dollar. The good news is when this stock starts moving the percentage of increase will be better :)