Airgain Secures Initial Tier One MSO Production PO of Wi-Fi 7 Antenna Solution
Airgain has secured its first purchase order from a tier one multi-service operator (MSO) in North America for its Wi-Fi 7 antenna solution. The deal is valued at several million dollars over multiple years, with the first shipment expected in the third quarter of 2024. Airgain’s Wi-Fi 7 design enhances wireless capacity, performance, and speed, offering significant benefits to consumers and generating new revenue opportunities for MSOs.
- Secured a multi-million dollar deal with a tier one MSO.
- First shipment of Wi-Fi 7 antenna solution scheduled for Q3 2024.
- Enhanced wireless capacity, performance, and speeds with Wi-Fi 7 design.
- New revenue opportunities for MSOs driven by Airgain’s solution.
- Revenue recognition for the deal is spread over multiple years, delaying immediate financial impact.
- First shipment and revenue generation only starts in Q3 2024, which may concern investors looking for short-term gains.
Insights
Airgain's announced deal with a tier one multi-service operator (MSO) for its Wi-Fi 7 design is noteworthy for several reasons. First, the
Given that the deal spans multiple years, it likely includes follow-on orders, potentially enhancing Airgain's revenue predictability. Investors should note that this deal could positively affect
Moreover, aligning with a tier one MSO provides Airgain with increased credibility and market validation, likely facilitating further deals with similar or higher profitability. A key point to watch would be how effectively the company can leverage this deal to gain more clients and penetrate new markets.
Wi-Fi 7 is the next standard in wireless technology, promising increased capacity, higher performance and faster speeds. This deal underscores Airgain's commitment to cutting-edge technology and positions it favorably against competitors. For investors, understanding that Wi-Fi 7 is expected to significantly enhance user experiences by supporting more devices simultaneously with better efficiency is critical. The market for Wi-Fi 7 is poised to grow, given the increasing demand for high-speed, reliable internet, particularly in an era of remote work and smart homes.
This technological edge could spell higher market share and customer satisfaction, fostering loyalty and future sales. Airgain’s ability to deliver these advanced solutions might also pave the way for additional contracts, both domestically and internationally, bolstering its future growth prospects.
The multi-service operator (MSO) market is highly competitive and driven by constant demand for superior technology. This deal signals that Airgain's Wi-Fi 7 solution meets the rigorous standards of a leading MSO, a strong testament to its quality and performance. Investors should consider the broader market implications: as MSOs upgrade their infrastructure to support higher performance standards like Wi-Fi 7, companies that supply these advanced solutions stand to benefit significantly.
By securing this deal, Airgain not only garners immediate revenue but also positions itself as a front-runner in the Wi-Fi 7 space. This can attract further interest from other MSOs looking to make similar upgrades, potentially leading to a domino effect in contract acquisitions.
Total deal size is several million dollars over multiple years. Airgain’s Wi-Fi 7 design offers increased capacity, greater performance, and faster wireless speeds.
The revenue opportunity size is worth several million dollars over multiple years and the first shipment is expected to commence in the third quarter of 2024.
Airgain’s unique Wi-Fi 7 antenna solution empowers consumers with increased wireless capacity and offers unparalleled performance and connectivity. The device also contributes to driving new and expanded revenue generating opportunities for MSOs.
Lance Laing, Airgain’s Vice President of US Sales, said: "This significant collaboration is great news for both the MSO and their customer. It’s part of a long-term relationship built on trust, innovation, and unwavering support, and it strengthens the next evolution of wireless device connectivity."
For further information about Airgain’s Wi-Fi 7 solution and its range of other solutions, products and services, visit airgain.com.
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
Airgain, AirgainConnect, 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
pr@airgain.com
Source: Airgain, Inc.
FAQ
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