Directview Holdings Inc (OTCMKTS:DIRV) disclosed its deal with spectrum sharing company xG Technology Inc (NASDAQ:XGTI). It develops state-of-the-art spectrum sharing and wireless communications solutions. The new agreement enables the company to integrate its body camera product with xG Technology‘s xMax private mobile broadband system.
The integrated solution developed under the deal is named as “DVXG-1000″.The two companies intend to launch the system in 3Q2015. It will possess functionality and capabilities of Directview’s body-worn camera and secure and private communications capabilities of xMax technology.
Both companies will take on combined marketing measures to expand the offerings into the law enforcement, real estate and education, government and military security segments. The new solution as known as DVXG-1000 will display numerous features including imbedded biometric assess, GPS, Bluetooth®, WIFI, 4G LTE, push to talk and high capacity streaming video.
The market demand
A number of recent law enforcement incidents forces national authorities to take necessary steps to stop such incidents. There is a rising need of body-worn cameras that can be used by police officers. xG and Directview see a rapidly burgeoning market for real-time video access in security based operations.
Matter of debate
The use of body-worn cameras by police officers has become a matter of political debate. President Obama has even proposed federal spending of $75 million to support the use of body-worn cameras. In addition, Presidential candidate Hillary Clinton also shares the same view as of President Obama. Roger Ralston, Directview’s Board Chairman, said that they are excited to partner with xG as they develop next generation secure law enforcement system.
In last trading session, the stock price of Directview Holdings surged more than 6% to close the trading session at $0.0106. The gain came at a share volume of 11.50 million compared to average share volume of 6.18 million.