xG Technology Inc (NASDAQ:XGTI) announces the availability of MicroLite 2 from its IMTVislink business unit. The MicroLite 2 HD ultra-compact COFDM wireless video transmitter is the latest version of the tried-and-true MicroLite solution and is the most comprehensive mid-market wireless camera system available today. The MicroLite 2 provides enhanced performance and video quality at a competitive price point, perfect for broadcast applications where high-quality live streaming video is needed. The MicroLite 2 will be on display for the first time at the worship-focused WFX EXPO 2017, in booth 233.
The MicroLite 2 transmitter represents the latest version of IMT Vislink’s video transmission systems and features HD/SD-SDI and HDMI inputs with COFDM transmission in a small, lightweight chassis. It delivers up to 250mW of power, providing long range, reliable HD video transmission and is a compelling choice when broadcast quality, exceptional range and reliability are required.
“As a company, we are always evolving and trying to provide versatile and intuitive broadcast solutions that can adapt to any user’s needs,” says John Payne IV, president of IMT USA. “With the MicroLite 2, broadcast professionals are able to transmit high definition video within a small form factor, while utilizing its lightweight design for Steadicam operations, event coverage, confidence monitoring, web content programming, rental houses and drone use. It inherits a proven technology base that has been used extensively by leading broadcasters for a variety of demanding applications.”
A key benefit of the MicroLite 2 compared to alternative solutions on the market is the ability to operate at latency levels as low as 70ms, making it well-suited for live sports broadcasts and video assist applications. The MicroLite 2 was designed with a compact size and weight form factor and minimized power requirements, making it ideal for smaller cameras and batteries. It operates with both the 7.4VDC camera lithium ion batteries as well as the V-mount style of batteries.
IMT’s COFDM technology ensures the transmission of uninterrupted, live TV pictures over two miles Line-of-Sight (LOS), despite the effects of foliage, challenging terrain, buildings and other common non-line-of-sight limitations. It delivers the pristine image clarity required for real-time, H.264 (MPEG-4) HD broadcast-quality video transmissions, which gives the MicroLite 2 a significant advantage in quality over uncompressed video solutions.
The transmitter is easily managed through a configured or remote WiFi web server. An Android™ or iOS device detects the encrypted WiFi signal and automatically opens a browser window. A 900MHz transceiver enabling processing of remote commands including camera control is also an option. The transceiver provides bi-direction controls of the transmitter, accessory camera, gimbal controls and more.
WFX Expo 2017 – House of Worship Market
The MicroLite 2, which will be on display at the WFX 2017 event, is an excellent option for worship facilities that are interested in live streaming HD video quality church services or functions. When used as part of a video archiving strategy, the MicroLite 2 allows current members to access recorded video footage of full services, concerts and special messages when they can’t attend. It also can provide potential new members the chance to experience the “look and feel” of a church before doing so in person.
Shares of XG Technology closed yesterday at $1.84, up $0.14 or 8.30%. XGTI has a 1-year high of $5.25 and a 1-year low of $0.32. The stock’s 50-day moving average is $1.72 and its 200-day moving average is $1.77.
On the ratings front, XGTI stock has been the subject of a number of recent research reports. In a report issued on August 22, Maxim analyst Brian Kinstlinger reiterated a Buy rating on XGTI, with a price target of $4.00, which implies an upside of 117% from current levels. Similar, on July 14, Roth Capital’s William Gibson reiterated a Buy rating on the stock and has a price target of $3.50.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brian Kinstlinger and William Gibson have a yearly average return of 6.8% and a loss of -8.7% respectively. Kinstlinger has a success rate of 58% and is ranked #911 out of 4696 analysts, while Gibson has a success rate of 41% and is ranked #4477.
xG Technology engages in the development of patented wireless communications and spectrum sharing technologies. It operates through the following segments: Broadcast, Sports and Entertainment, and Government/Surveillance. The Broadcast segment includes a line of margin receiver products including DR3, crx6, and CIRAS. The Sport and Entertainment segment offers microLite, available in both licensed and unlicensed frequency bands. The Government/Surveillance segment sells IMT, MiniMobile Commander and Mobile Commander.