SAN DIEGO, CA--(Marketwired - October 06, 2016) - Airgain, Inc. (NASDAQ: AIRG), a leading provider of embedded antenna technologies used to enable high performance wireless networking, today announced it expects to ship its 25 millionth antenna for the Smart TV market in October 2016.
"Over the past two years we have grown our production of antennas for the Smart TV market from zero to more than one million antennas per month," said Airgain's President and Chief Executive Officer, Charles Myers. "The emergence of the 4K ultra high definition (UHD) Smart TV has increased the importance of Wi-Fi performance for the connected TV, which requires higher throughput for seamless video content within the home. This shipping milestone is a testament to the exceptional efforts of our design and manufacturing teams to ship large volumes while maintaining the highest level of performance and product quality."
The introduction of over-the-top (OTT) TV applications has opened a new pathway for consumers to access online streaming platforms by using the internet for delivery. According to ABI Research(1), the market for Wi-Fi enabled TVs is projected to grow to 176 million units by 2021. In response to this market demand, Airgain has been working closely with industry-leading providers of 4K UHD Smart TVs and wireless OTT devices to optimize the performance of their products.
4K UHD Smart TVs require 25 to 50 megabits per second (Mbps) throughput for seamless content within the in-home environment, which is up to 10 times greater than the needs of existing 1080P HD video, demanding a higher performance and more robust wireless capability within the TV. Airgain designs its antenna systems for Smart TV applications using a combination of device and environment modeling, with active antenna over-the-air (OTA) throughput performance feedback, providing its customers with high performance optimization for in-home environments.
(1) ABI Research, Wi-Fi Enabled Device Shipments -- 2Q 2016, (World Markets, Forecast: 2010 to 2021) MD-WLAN-167
About Airgain, Inc.
Airgain is a leading provider of embedded antenna technologies used to enable high performance wireless networking across a broad range of home, enterprise, and industrial devices. Our innovative antenna systems open up exciting new possibilities in wireless services requiring high speed throughput, broad coverage footprint, and carrier grade quality. Our antennas are found in devices deployed in carrier, enterprise, and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters, digital televisions, and Internet of Things (IoT) devices. Airgain partners with and supplies the largest blue chip brands in the world, including original equipment and design manufacturers, chipset makers, and global operators. Airgain is headquartered in San Diego, California, and maintains design and test centers in San Diego, Cambridge, UK, Taipei, Taiwan, and Suzhou, China. For more information, visit airgain.com.
Airgain and the Airgain logo are registered trademarks of Airgain, Inc.
Airgain cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. These statements are based on the company's current beliefs and expectations. These forward-looking statements include statements regarding our ability to scale our organization further and execute on our key strategic initiatives. The inclusion of forward-looking statements should not be regarded as a representation by Airgain that any of our plans will be achieved. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including, without limitation: the market for our antenna products is developing and may not develop as we expect; our operating results may fluctuate significantly, which makes future operating results difficult to predict and could cause our operating results to fall below expectations or guidance; our products are subject to intense competition, including competition from the customers to whom we sell, and competitive pressures from existing and new companies may harm our business, sales, growth rates, and market share; our future success depends on our ability to develop and successfully introduce new and enhanced products for the wireless market that meet the needs of our customers; we sell to customers who are extremely price conscious, and a few customers represent a significant portion of our sales, and if we lose any of these customers, our sales could decrease significantly; we rely on a few contract manufacturers to produce and ship all of our products, a single or limited number of suppliers for some components of our products and channel partners to sell and support our products, and the failure to manage our relationships with these parties successfully could adversely affect our ability to market and sell our products; if we cannot protect our intellectual property rights, our competitive position could be harmed or we could incur significant expenses to enforce our rights; and other risks described in our prior press releases and in our filings with the Securities and Exchange Commission, including under the heading "Risk Factors" in our final prospectus. You are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date hereof, and we undertake no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.