Airgain Expands Into Growing Middle East Market With Waseela Partnership

Rhea-AI Summary

Airgain (NASDAQ: AIRG), a wireless connectivity solutions provider, has announced a strategic partnership with Waseela, a master systems integrator in the Middle East. This collaboration aims to expand Airgain's presence in the rapidly growing Middle Eastern market, integrating their advanced wireless technologies into Waseela's radio coverage solutions. The partnership will focus on enhancing 5G coverage and user experiences for mobile network operators in the region.

Key technologies being deployed include Lighthouse Smart Repeaters for maximizing 5G coverage, Lantern Fixed Wireless Access for robust connectivity, AirgainConnect Fleet for vehicle connectivity, Asset Tracking devices, and IoT solutions. This expansion aligns with the Middle East's technological advancements and significant market growth, positioning Airgain to lead the innovation wave in the region's wireless connectivity sector.

Positive

• Strategic expansion into the growing Middle East market
• Partnership with Waseela, a premier master systems integrator in the region
• Integration of Airgain's advanced wireless technologies into Waseela's radio coverage solutions
• Potential for increased market share in the rapidly growing 5G sector
• Diversification of product offerings in a new geographic market

Negative

• None.

Market Research Analyst

Airgain's strategic partnership with Waseela marks a significant move into the burgeoning Middle East market, potentially opening up new revenue streams for the company. However, the impact on Airgain's stock may be in the short term due to the following factors:

• The Middle East, while growing rapidly, still represents a relatively small portion of the global 5G market.
• The partnership's success will depend on the rate of 5G adoption and infrastructure development in the region, which can vary significantly between countries.
• Competition in the 5G equipment market is fierce, with established players like Huawei, Ericsson and Nokia already having a strong presence.

On the positive side, this move demonstrates Airgain's commitment to expanding its global footprint and diversifying its market presence. The company's focus on cost-effective solutions for 5G deployment could be particularly attractive in emerging markets where budget constraints are often a concern.

Investors should monitor the following metrics in future earnings reports to gauge the success of this expansion:

• Revenue growth from international markets, particularly the Middle East
• New customer acquisitions in the region
• Margins on products sold through the Waseela partnership

While this partnership shows promise, it's too early to determine its long-term impact on Airgain's financial performance. Investors should view this as a strategic move that may take several quarters to materialize into tangible financial results.

Tech Expert

Airgain's expansion into the Middle East through its partnership with Waseela is strategically sound from a technological perspective. The company's product portfolio aligns well with the region's push towards advanced 5G infrastructure:

• Lighthouse™ Smart Repeaters: These could be important in urban areas with high population density, where signal penetration can be challenging.
• Lantern™ Fixed Wireless Access: This solution could be particularly valuable in areas where traditional fiber infrastructure is costly or impractical to deploy.
• AirgainConnect® Fleet™: With the rise of smart cities in the Middle East, this product could find significant applications in public transportation and emergency services.
• Asset Tracking and IoT solutions: These align with the region's focus on digital transformation and smart infrastructure projects.

The emphasis on cost-effective and fast deployment is particularly noteworthy. In rapidly developing markets, the ability to quickly roll out 5G coverage without excessive infrastructure costs could give Airgain a competitive edge.

However, it's important to note that the success of these technologies will depend on their compatibility with local network standards and regulations, which can vary across Middle Eastern countries. Airgain will need to demonstrate adaptability to local requirements and potentially customize solutions for specific markets.

From a technological standpoint, this partnership positions Airgain well to capitalize on the growing demand for 5G solutions in the Middle East. However, the company will need to continuously innovate to stay ahead in this fast-evolving market.

Collaboration will integrate Airgain's advanced wireless solutions for cost effective and fast deployment to deliver superior 5G customer experiences in the region

SAN DIEGO--(BUSINESS WIRE)-- Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, announces its strategic expansion into the Middle East through a partnership with Waseela, a premier master systems integrator delivering innovative ICT solutions across the region.

(Graphic: Business Wire)

This expansion aligns with the Middle East's rapid technological advancements and significant market growth, as countries in the region continue to adopt cutting-edge technologies.

Airgain is poised to lead this innovation wave by establishing a powerful, mutually beneficial partnership with Waseela. This collaboration will integrate Airgain's advanced wireless technologies into Waseela's radio coverage solutions, enabling mobile network operators to significantly enhance their 5G coverage and deliver exceptional user experiences.

Airgain’s technologies being deployed by Waseela as part of this partnership include:

• Lighthouse™ Smart Repeaters - Maximize 5G coverage by enhancing sub-6GHz signal power, optimizing signal strength and slashing deployment costs.
• Lantern™ Fixed Wireless Access - Deliver robust connectivity with high-performance antennas and advanced RF solutions, offering a flexible, cost-effective alternative to traditional infrastructure.
• AirgainConnect® Fleet™ - Revolutionize vehicle connectivity with integrated 5G modem, Wi-Fi 6 router and high-performance roof-mounted antenna.
• Asset Tracking - Devices that are ruggedized, operate indoors and outdoor, and deliver exceptional battery life. Each device is globally capable and highly configurable.
• IoT solutions - Feature highly integrated, customized embedded antennas and high-performance, low-profile external antennas.

Bilal Al-Anani, CEO of Waseela, said:

“Our expertise in in-building coverage solutions and deep understanding of our customers' challenges during their 5G network rollouts, enable us to identify niche solutions that solve these challenges quickly and cost-effectively. Airgain’s solutions provide an effective tool for any 5G network operator aiming to deliver on their promise of comprehensive coverage.”

John Pan, VP of International Sales, shared his insights:

“Waseela's deep expertise in the Middle East and their comprehensive coverage solutions make them an ideal partner to deploy Airgain's cutting-edge wireless technologies. This collaboration will empower mobile network operators and other customers to deliver superior 5G experiences, ensuring robust and cost-effective coverage that meets the evolving needs of consumers and businesses in these rapidly growing markets.

“The Middle East is a region of rapid technological advancement, and this partnership positions us as a central part of that wave, enhancing connectivity and significantly elevating the user experience.”

To find out more about Airgain, visit https://www.airgain.com/ or for Waseela, go to https://waseela.com/.

About Waseela

A leading Master Systems Integrator offering end-to-end innovative ICT solutions, with a portfolio of over 325 clients in the Middle East in various segments, from government to semi-government and private enterprises. Established in 2007, and operating in 4 countries; Jordan, KSA, UAE & Qatar, Waseela has successfully delivered many unique high-profile projects that helped clients achieve their desired business outcomes with reasonable costs and minimum risks.

Find out more at www.waseela.com, LinkedIn, X

About Airgain, Inc.

Airgain is a premier provider of wireless connectivity solutions, offering a range of embedded components, external antennas, and integrated systems worldwide. We streamline wireless connectivity across devices and markets, with a focus on solving complex connectivity challenges, expediting time to market, and optimizing wireless signals. Our mission is to connect the world through optimized, integrated wireless solutions. Our product portfolio focuses on three key markets: enterprise, consumer, and automotive. Airgain is headquartered in San Diego, California. For more information, visit airgain.com, or follow Airgain on LinkedIn and Twitter.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240731802639/en/

Airgain Media Contact

Martyn Gettings +44 7831 158416

pr@airgain.com

Source: Airgain, Inc.

FAQ

What is the purpose of Airgain's partnership with Waseela?

Airgain's partnership with Waseela aims to expand into the Middle East market, integrate advanced wireless technologies into Waseela's radio coverage solutions, and enhance 5G coverage for mobile network operators in the region.

What technologies will Airgain deploy through the Waseela partnership?

Airgain will deploy Lighthouse Smart Repeaters, Lantern Fixed Wireless Access, AirgainConnect Fleet, Asset Tracking devices, and IoT solutions through the Waseela partnership.

How does this partnership affect Airgain's (AIRG) market position?

This partnership positions Airgain (AIRG) to lead the innovation wave in the Middle East's rapidly growing wireless connectivity sector, potentially increasing its market share and diversifying its product offerings in a new geographic market.

What are the benefits of Airgain's Lighthouse Smart Repeaters?

Airgain's Lighthouse Smart Repeaters maximize 5G coverage by enhancing sub-6GHz signal power, optimizing signal strength, and reducing deployment costs for mobile network operators.