Airgain Awarded Multi-Million Dollar Tier One MSO Wi-Fi 7 Design Win

Rhea-AI Summary

Airgain, Inc. secures a multi-year, multi-million dollar design win with a Tier One MSO in North America for Wi-Fi 7 customer premise equipment, boosting long-term revenue. The device is set to ship in the second half of 2024, enhancing performance and driving revenue growth.

Market Research Analyst

From a market research perspective, the announcement of Airgain's multi-year contract with a Tier One multi-service operator signifies a robust entry into the Wi-Fi 7 market. The deal not only represents a new revenue stream but also showcases Airgain's competitive edge in antenna design and OTA testing capabilities. The forecasted shipping date in the second half of 2024 indicates a strategic positioning ahead of the expected commercial roll-out of Wi-Fi 7 technology, which is set to offer consumers higher speeds and more reliable connections. This move could potentially increase Airgain's market share and strengthen its position in the wireless connectivity industry.

Moreover, the partnership with a Tier One MSO highlights the importance of collaborative relationships in the tech sector, often leading to long-term contracts that provide financial stability and growth opportunities. This deal may prompt other companies within the sector to invest in similar partnerships and technological advancements, possibly leading to a ripple effect of innovation and improved customer premise equipment across the industry.

Financial Analyst

Financially, Airgain's multi-million dollar contract with a Tier One MSO is likely to have a positive impact on the company's future earnings and stock valuation. The deal's multi-year nature provides a predictable and stable income stream, which is favorable for financial planning and investor confidence. Given that the product is expected to begin shipping in the second half of 2024, investors might anticipate a ramp-up in production and associated costs in the short term, which should be offset by the anticipated revenue once the product hits the market. This could also lead to upward revisions in revenue forecasts and potentially enhance the company's price-to-earnings ratio.

It is also important to note that the success of this deal hinges on the timely delivery and the performance of the Wi-Fi 7 technology. Any delays or performance issues could impact the expected revenue and should be monitored by stakeholders. The deal may also set a precedent for future contracts, which could further solidify Airgain's financial position if the Wi-Fi 7 rollout is successful and well-received by consumers.

Technology Industry Analyst

From a technological standpoint, Airgain's design win is a significant endorsement of its antenna solutions and OTA testing capabilities. Wi-Fi 7 represents the next generation of wireless technology, promising to deliver faster speeds, lower latencies and greater capacity. Airgain's unique antenna design is critical in optimizing the performance of Wi-Fi 7 CPE, which is essential for handling the increased demands of modern connected homes and businesses. This partnership underscores the importance of innovation and specialized expertise in the competitive wireless technology market.

The successful implementation of Airgain's antenna solutions could set a new industry standard for Wi-Fi 7 devices, positioning the company as a leader in this emerging market. As other operators look to upgrade their equipment, Airgain's proven capability to enhance device performance through superior antenna design could lead to additional contracts and collaborations, further advancing the company's technological leadership.

Multi-year deal with rolling implementation secures additional long-term revenue stream

SAN DIEGO--(BUSINESS WIRE)-- Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, that creates and delivers embedded components, external antennas, and integrated systems across the globe secured a multi-year, multi-million dollar design win with a Tier One multi-service operator (MSO) in North America upgrading its customer premise equipment to Wi-Fi 7 with Airgain’s antenna solution. This device is expected to begin shipping in the second half of 2024.

The design was awarded as part of a competitive process, with Airgain selected for its ability to optimize the performance of the WiFi7 Customer Premise Equipment (CPE) with its unique antenna design as well as its longstanding trusted relationship and its extensive experience and capability in facilitating the end-to-end over the air (OTA) testing and optimization process.

Lance Laing, Airgain’s Vice President of US Sales, said: "We are very pleased with this significant design win after working closely with both the MSO customer as well as the original design manufacturers (ODMs). This collaboration signifies not just a technological upgrade, but the extension of a long-term relationship built on trust, innovation, and unwavering support.”

This upgrade will empower consumers with increased capacity and unparalleled performance, contributing to driving new and expanded revenue generating opportunities for the MSO.

For further information about Airgain and its range of solutions, products and services, visit airgain.com.

About Airgain, Inc.

Airgain simplifies wireless connectivity across a diverse set of devices and markets, from solving complex connectivity issues to speeding time to market to enhancing wireless signals. Our products are offered in three distinct sub-brands: Airgain Embedded, Airgain Integrated and Airgain Antenna+. Our mission is to connect the world by making wireless simple. Airgain's expertise in custom cellular and antenna system design pairs with our focus on high-growth technologies and our dedication to simplify the growing complexity of wireless. With a broad portfolio of products across the value chain, from embedded components to fully integrated products, we are equipped to solve critical connectivity needs in both the design process and the operating environment across the enterprise, automotive, and consumer markets. Airgain is headquartered in San Diego, California. For more information, visit airgain.com, or follow Airgain on LinkedIn and Twitter.

Airgain and the Airgain logo are trademarks, or registered trademarks of Airgain, Inc. All other trademarks are the property of their respective owner.

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Airgain Media Contact

Martyn Gettings +44 7831 158416

Martyn.Gettings@tankpr.co.uk

Source: Airgain, Inc.

What is the recent multi-year deal secured by Airgain, Inc.?

Airgain, Inc. secured a multi-year, multi-million dollar design win with a Tier One MSO in North America for upgrading customer premise equipment to Wi-Fi 7.

When is the device expected to begin shipping?

The device is expected to begin shipping in the second half of 2024.

Why was Airgain selected for the design win?

Airgain was selected for its ability to optimize the performance of the WiFi7 CPE with its unique antenna design and extensive experience in OTA testing.

Who commented on the significance of the design win?

Lance Laing, Airgain’s Vice President of US Sales, commented on the significance of the design win.

How will the upgrade benefit consumers?

The upgrade will empower consumers with increased capacity and unparalleled performance.