Airgain Signs Global Distribution Agreement with Techship

Rhea-AI Summary

Airgain, Inc. (AIRG) signs a distribution agreement with Techship, Inc. to distribute the NimbeLink family of plug-in cellular modems globally, expanding product distribution on two continents and capitalizing on key geographies.

Market Research Analyst

The distribution agreement between Airgain, Inc. and Techship represents a strategic move to expand Airgain's market reach for its NimbeLink cellular modems. This partnership is poised to enhance Airgain's supply chain and distribution capabilities, potentially increasing the company's market share in the connected device industry. By leveraging Techship's established presence, particularly in Europe, Airgain could see an uptick in sales volume and revenue.

From a market perspective, the connected device sector is part of the burgeoning Internet of Things (IoT) industry, which is experiencing rapid growth. Airgain's focus on wireless connectivity solutions places it at the heart of this trend. The expansion of their distribution channels could improve their competitive position by accelerating time-to-market for OEMs and addressing the rising demand for IoT components. However, the success of this agreement will largely depend on the execution and integration of the two companies' logistics and sales strategies.

Financial Analyst

For investors, the announcement of Airgain's global distribution agreement with Techship is a signal to evaluate the potential financial impact on Airgain's performance. The distribution of the NimbeLink product line across new markets could translate into diversified revenue streams and improved economies of scale. This strategic partnership could also result in cost savings on logistics and an expanded customer base.

It is essential to monitor the subsequent quarterly financial reports for any increases in sales attributed to this agreement. Investors should also be aware of the risks, such as integration challenges and potential market saturation. The actual financial impact will become clearer as Airgain reports sales figures and market penetration post-agreement implementation.

Supply Chain Expert

The agreement between Airgain and Techship has significant implications for supply chain dynamics within the wireless connectivity industry. By collaborating with a distributor like Techship, Airgain is likely to enhance its operational efficiency and reduce the time it takes to deliver products to market. Techship's 'hyper-focus' on embedded wireless designs suggests a specialization that could benefit Airgain in terms of technical support and customer service.

However, the success of this partnership will require careful coordination and management of the supply chain to ensure that inventory levels are optimized and that the distribution network is reliable. It's also pivotal for Airgain to maintain quality control over its products as they are distributed on a larger scale, which can be a challenge when operating globally. Effective supply chain management will be key to realizing the full potential of this agreement.

Under the agreement, Techship will distribute the NimbeLink® family of plug-in cellular modems globally, supporting OEMs in designing and producing connected devices.

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, announced that it signed a distribution agreement with Techship, Inc. for its NimbeLink® product line of embedded cellular modems and other wireless-enabled products. Under the agreement, Techship will distribute Airgain’s NimbeLink family of plug-in cellular modems globally, supporting OEMs in designing and producing connected devices.

“With our new agreement with Techship, Airgain expands its product distribution on two continents,” said Lance Laing, Vice President of US Sales for Airgain. “Techship’s hyper-focus on embedded wireless designs combined with its strong presence in the European market allow us to capitalize on the interest we have seen in these key geographies. We are excited to work with the Techship team to simplify bringing wireless products to market.”

About the benefits for customers he added, “All NimbeLink cellular embedded modems are end-device certified, meaning customer end-products do not need to go through the complex and costly process of PTCRB and carrier certifications. This is ideal for global companies expanding into the American and European markets who want to save time and money while shortening timelines to launch.”

Airgain’s award-winning NimbeLink family of patented end-device certified embedded modem products are designed in the US and built with the same twenty-pin connector, allowing engineers to incorporate future cellular technologies without board-level changes. This dramatically reduces the cost, risks, and timelines of IoT product development. NimbleLink offers the latest 4G LTE technologies, including LTE-M, NB-IoT, LTE CAT1 and LTE CAT4.

“Techship gains a unique range of embedded cellular solutions with the addition of Airgain’s NimbeLink modems to our line card. Integrating Airgain’s products is an excellent choice for companies focused on shortening their time-to-market,” said John Alexander, Product Manager for Techship, Inc.

Expanding on the new offering, he stated, “We guide thousands of global companies through deploying wireless solutions in their desired launch regions. Navigating the tedious certification journey in every regional market often involves high costs and extra development time. With Airgain’s end-device certified modems, however, we can offer companies a quicker path to global deployment.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20240318623841/en/

Airgain Media Contact

Martyn Gettings +44 7831 158416

pr@airgain.com

Source: Airgain, Inc.

What is the ticker symbol for Airgain, Inc.?

The ticker symbol for Airgain, Inc. is AIRG.

Who did Airgain, Inc. sign a distribution agreement with for the NimbeLink product line?

Airgain, Inc. signed a distribution agreement with Techship, Inc. for the NimbeLink product line.

What products will Techship distribute globally under the agreement?

Techship will distribute Airgain's NimbeLink family of plug-in cellular modems and other wireless-enabled products globally.

What is the focus of Techship in terms of wireless designs?

Techship has a hyper-focus on embedded wireless designs.

In which market does Techship have a strong presence?

Techship has a strong presence in the European market.