Directview Holdings Inc (OTCMKTS:DIRV) is riding high following its announcement of a new agreement. Last week the company, engaged in video and security technology, published a press release informing stakeholders about its collaboration with xG Technology Inc. As per the agreement, the company aims to integrate its body-worn camera with XG’s wireless technology.
The company highlighted that the integrated solution is expected to be rolled out in the third-quarter of 2015. The solution named as DVXGwill consolidate both the advanced functionality of Directview Holdings Inc (OTCMKTS:DIRV)’s camera and xG’s high-performance driven communications capability.
In the beginning, both DirectView and xG have decided to concentrate on joint marketing efforts. As part of the efforts, the two companies will pitch their highly-advanced body cameras to law enforcement authorities, government, military, real estate and education sectors.
Directview Holdings Inc (OTCMKTS:DIRV) is confident about the success of DVXG-1000, which is loaded with unique features such as Bluetooth, high capacity streaming video, push to talk, GPS, imbedded biometrics as well as WIFI or 4G LTE. The announcement instantly grabbed the attention of the investors in the wake of the latest riots in the streets of Baltimore. Moreover, President Obama’s call to mandate body cameras for all police officers has further helped the company hit headlines.
Directview Holdings Inc (OTCMKTS:DIRV) is visualizing a rapid growing market for its body-worn cameras, given the fact that President Obama has earmarked $75 million towards procuring 50,000 cameras. Over and above this, Presidential candidate Hilary Clinton has also advocated that police officers should equip themselves with body-worn cameras so as to record real-time interactions between them and suspects.
Following the release of the update, the stock of Directview Holdings Inc (OTCMKTS:DIRV) gained as much as 20% during the previous trading session to close at $0.0168. A total of 4.76 million shares traded during the day.