Business
Airgain® Secures Contract for Multi-Million Dollar Opportunity with Railcar Leader
Airgain’s multi-year engagement will provide asset tracking and cloud connectivity to track and monitor railcars SAN DIEGO--(BUSINESS WIRE)-- Airgain, Inc.
About this update from Airgain, Inc.
[{"type":"text","content":"\nAirgain’s multi-year engagement will provide asset tracking and cloud connectivity to track and monitor railcars\n\n SAN DIEGO--(BUSINESS WIRE)--\nAirgain, Inc. (NASDAQ: AIRG) – a leading provider of wireless connectivity solutions that creates and delivers products, including embedded components, external antennas, and integrated systems, across the globe – announced today that a leading provider of railcars and associated services to the nation’s top railways has selected Airgain’s NimbeLink® asset tracking solution to track and monitor its fleet of railcars. Airgain’s cellular-based solution allows organizations to track assets whether indoors, outdoors, or in transit without the need for additional investment in wireless infrastructure. This win is the latest for Airgain in a growing global niche in rail that includes the railways themselves as well as multiple suppliers to the industry, all of whom require simple and reliable connectivity to improve operational efficiency.\n\nDespite being around for over two centuries, rail transportation still grows an average of 2.9% per year and represents a market size of over $110B in the US, according to industry sources. Despite representing such a significant portion of the shipping industry, it can also be one of the most complex, between routing railcars, coordinating track schedules, loading and unloading freight, and more. In order to maximize operational efficiency, connectivity has become a critical tool. However, short-range technologies such as WiFi, Bluetooth, RFID, and others require an investment in wireless infrastructure to ensure data transmission. Cellular leverages existing wireless networks, which makes it the most cost effective and easiest to deploy.\n\n“When it comes to shipping, connectivity is the key to efficiency,” says Brian Critchfield, Vice President of Global Marketing at Airgain. “Nowhere is that more applicable than with railways. In order to, quite literally, keep the trains moving on time, it requires a rugged, reliable, and flexible solution for capturing and transmitting location and situational data. Airgain’s asset tracker devices, with exceptional, long-term battery life, combined with our NLink cloud integration software provide the ideal solution for tracking assets throughout the network in order to ensure they are delivered to the right pl...