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Benzinga
Benzinga
Business
Akanksha Bakshi

Airgain Stock Surges Afterhours On Securing Multi-Million Dollar Contract

Airgain United States
  • Airgain Inc’s (NASDAQ:AIRG) AirgainConnect AC-HPUE has been selected by a major US-based water utility company to improve the connectivity of its fleet. Financial terms were not disclosed.
  • The utility plans to equip its 3,000-plus vehicle fleet with the roof-mounted antenna modem to enable optimum connectivity, even in remote and difficult environments.
  • The multimillion-dollar contract will be deployed through the end of the year.
  • Airgain’s customer, after dealing with unstable connections with its service vehicles for years, decided to upgrade to a high-power solution that included an AirgainConnect AC-HPUE.
  • Price Action: AIRG shares are trading higher by 18.70% at $8.31 during the post-market session on Wednesday.
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