SHARE

Directview Holdings Inc (OTCMKTS:DIRV) announced its deal with xG Technology Inc (NASDAQ:XGTI), a developer company of spectrum sharing and wireless communications technologies. The agreement will allow Directview to integrate its body camera with xG’s advanced xMax private mobile broadband system.

The details

The new integrated solution is named as “DVXG-1000” and is planned to be launched in 3Q2015. The DVXG-1000 will have the functionality and features of Directview’s body-worn camera and will also have the high-secure, private and secure communications features of xG’s xMax technology. Both firms plan to initially take on joint marketing measures toward the real estate, law enforcement, and military, education, government and education security markets. The new system as called as DVXG-1000 will showcase numerous state-of-the-art features including imbedded biometric assess, push to talk, high capacity streaming video, GPS, Bluetooth®, and WIFI/4G LTE.

The demand and need

The numerous recent law enforcement incidents brings national focus on the need of body-worn cameras by police officers. Directview and xG see a rapidly growing industry for real-time video access in security related operations. As per report, the use of these cameras has become a topic of political debate. Following the incidents President Obama proposed federal spending amounting to $75 million to help pay for body-worn cameras. Moreover, Presidential candidate Hillary Clinton also supports the use body cameras so as to have record of interactions between patrol officers and suspects.

The management speaks

Roger Ralston, the Board Chairman of Directview, stated that they are excited to associate with xG as they work towards the presentation of next generation law enforcement system. xMax’s advanced technology will allow Directview to seamlessly integrate its body camera to provide a secure solution.

In last trading session, the stock price of DIRV declined more than 21% to close the trading session at $0.0100. The decline came at a share volume of 10.74 million compared to average share volume of 5.84 million.

SHARE
Previous articleKollagenX Corp (OTCMKTS:KGNX) Expands Distribution
Next articleCalissio Resources Group Inc (OTCMKTS:CRGP) Updates On Its Operations
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

LEAVE A REPLY