xG Technology Inc (NASDAQ:XGTI) Making A Comeback

xG Technology Inc (NASDAQ:XGTI) bounced 40% off the lows after the company closed its latest share offering. Investors are betting that this will be the last offering from the company and that brought in the dip buyers. Shares also established a triple bottom and that brought in the technical buyers and short covering. Investors are now asking if the XGTI can keep the momentum up and continue heading higher.What we like about XGTI is that the company has a strong IP portfolio. xG has a broad portfolio of intellectual property that enables always-available, always-connected and always-secure voice, broadband data and video communications. xG is the developer of xMax, a patented all-IP software-defined cognitive radio network that delivers mission-assured wireless connectivity in any RF environment. xMax provides a solution to the challenges of interoperability, survivability and flexibility in expeditionary and critical communications networks. xMax can be deployed as fixed or mobile infrastructure to enhance and integrate seamlessly with legacy communications systems, both private and commercial. Access and priority can be controlled, and in the event of congestion, failure or denial of access to commercial networks, xMax provides a fully secure, scalable, private and highly resilient network for essential communications – all at zero bandwidth cost.

xMax incorporates advanced optimizing technologies that include spectrum sharing, interference mitigation, multiple-input multiple-output (MIMO) and software defined radio (SDR). These and other technologies make xMax ideal for wide areas, as well as rapid emergency communication deployment in unpredictable environments and during fluid situations. xG offers solutions for numerous industries worldwide, including military, emergency response and public safety, telemedicine, urban and rural wireless broadband, utilities, and critical infrastructure.

xG's Integrated Microwave Technologies business unit further supports xG's military and public safety customers with its mission-critical wireless video solutions. IMT is a leader in advanced digital microwave systems and a provider of engineering, integration, installation and commissioning services serving the MAG (Military, Aerospace & Government), broadcast, and sports and entertainment markets. IMT's product lines include digital broadcast microwave video systems and compact microwave video equipment for licensed and license-free applications.The latest offering was for 14,000,000 Units, at a price of $0.07 per Unit, each of which consists of one share of its common stock and a Warrant to purchase one share of its common stock at an exercise price of $0.1149 per share. xG received approximately $980,000 in gross proceeds, before deducting placement agent fees and offering expenses payable by xG. The company said that it intends to use the net proceeds from this offering for general corporate purposes, including working capital, product development, marketing activities, expanding its internal sales organization and further developing sales channels and other capital expenditures.Earlier this month, xG announced that it had been awarded a new patent covering an advanced employment of Multiple Input—Multiple Output (MIMO) antennas that significantly improves wireless communications. The patent, "MIMO Antenna Design Used in Fading Environments,"describes an intelligent antenna design than helps maintain robust, reliable and resilient links despite adverse spectral conditions. CEO George Schmitt said:

"xG's core wireless technology is unique in that its layered cognitive radio approach provides a level of resilience that enhances RF performance in both congested spectrum as well as contested spectrum. This extends resistance to interference to levels heretofore unachievable. Our technology incorporates advanced signal processing methodologies, including Dynamic Spectrum Access (DSA), intelligent and active interference mitigation, and advanced employment of MIMO antennas as outlined in this patent. As a whole, these capabilities deliver significant operational benefits in a number of market sectors. This is particularly true for those that must deal with challenging operating environments and limited spectrum resources, such as the military services, public safety and emergency management."

Currently trading with a market cap of $5.1 million, XGTI has has over 100 patents and pending patent applications. We're hoping that the latest offering at $.07 per share puts a floor in the stock and that the worst is behind long suffering shareholders. The company has some great technology and patents. Management just needs to monetize XGTI's assets and deliver. We will be updating Insider Financial as soon as we know more. For continuing coverage on XGTI, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in XGTI and have not been compensated for this article.