Airgain (AIRG) Stock: Why The Price Jumped Up Over 17% Today

By Amit Chowdhry ● Apr 14, 2022
  • The stock price of Airgain Inc (NASDAQ: AIRG) increased by over 17% during intraday trading today. This is why.

The stock price of Airgain Inc (NASDAQ: AIRG) – a leading provider of advanced wireless connectivity technologies and systems used to enable high-performance networking across a broad range of devices and markets – increased by over 17% during intraday trading today. Investors are responding positively to Airgain announcing that a major US-based water utility company has selected AirgainConnect AC-HPUE to improve the connectivity of its fleet.

With up to 10x the power and up to 4x the coverage area of a traditional router-mounted antenna, the utility plans to equip its 3,000 plus vehicle fleet with the roof-mounted antenna modem to enable optimum connectivity, even in the most remote and difficult environments. And the multimillion-dollar contract for the AirgainConnect devices will be deployed through the end of the year.

Airgain’s customer – one of the largest and most geographically diverse waste-water utility companies in the U.S. – provides safe, clean, affordable, and reliable water services to millions of people. And with such an expansive service area, connectivity is critical, especially in remote areas. After dealing with unstable connections with its service vehicles for years, the company decided to upgrade to a high-power solution that included an AirgainConnect AC-HPUE.

KEY QUOTE:

“When we launched the AirgainConnect platform almost a year and half ago, we were looking to solve the connectivity issues that had long plagued public safety and critical infrastructure. By equipping the fleet of a major utility with the AirgainConnect AC-HPUE, we can help its service technicians, inspectors, engineers and field operators to stay connected in order to deliver water where it is needed most.”

— Morad Sbahi, Senior Vice President, Global Product & Marketing at Airgain

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.