AirG

Mar 17, 2023

The stock price of Airgain Inc (NASDAQ: AIRG) increased by 9.47% in the most recent trading session. This is why. The stock price of Airgain Inc (NASDAQ: AIRG) increased by 9.47% in the most recent trading session. Why: Airgain 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. And 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. Despite being around for over 2 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. And 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, etc. In order to maximize operational efficiency, connectivity has become a critical tool. But 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. Airgain’s line of NimbeLink asset trackers combines a cellular backbone with WiFi and GPS triangulation to pinpoint the location of each asset. And in addition, Airgain’s asset trackers come equipped with multiple sensors that include temperature, humidity, tilt, motion, accelerometer, and more. When used properly, these asset trackers can last up to 14 years on a single battery. Airgain’s asset trackers combine with our NLink enablement platform to extract, augment, formulate, and format the collected data in the cloud as well as remotely manage the devices. The data can then be imported into existing supply chain software, tracking software, or a custom dashboard through simple APIs, making the entire Airgain asset tracking solution a great piece of the efficiency puzzle for railways. KEY QUOTE: “When it comes to shipping, connectivity is the key to efficiency. 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 place at the right time and in the right condition.” Brian Critchfield, Vice President of Global Marketing at Airgain