Company

Airgain, Inc.

1930 Palomar Point Way, Suite 107

Carlsbad, CA, 92008

Tel:  +1 760 579 0200

Fax:  +1 760 579 0892

Email: Info@airgain.com

Website: www.airgain.com

Executive Team

Pertti Visuri, President and CEO

Randy Salo, Vice President, Engineering

Glenn Selbo, Vice President, Marketing and Business Development

Alan Frank, Vice President, Sales

Business

Airgain is a development-stage company and smart antenna innovator focused on improving the mass market’s wireless connectivity experience through our patented switched beam technology and modular smart antenna products. We design, develop and engineer smart antennas, each consisting of multi-element hardware and driven by proprietary or standards-based control software. Our smart antennas are intended for integration into a variety of WLAN devices, including access points, routers, residential gateways, set-top boxes, media adapters and client devices. We supply our smart antenna products and license our switched beam technology to original equipment and design manufacturers worldwide.

Products

Airgain’s embedded smart antennas provide the flexibility of an omni-directional antenna and the enhanced performance of a directional antenna to deliver greater range and data throughput than conventional external antennas. Our first smart antenna, the MaxBeam75, uses our patented SmartGain™ switched beam technology to triple the signal strength and double the coverage over standard dipole antennas. It has been adopted by leading ADSL2+ gateway manufacturers and recently won the UCSD 2006 CONNECT Most Innovative Product Award. This design was followed by the introduction of our low cost Profile60 and Profile30 embedded antennas for WLAN routers and gateway devices, and our first 802.11n-based MIMO smart antennas, the MaxBeam65N and MaxBeam80N. As the Wi-Fi market evolves into the wireless medium of choice for home video distribution, we are preparing for the introduction of our first smart antenna wireless modules designed to enable wireless connectivity for set-top boxes.

Market Opportunity

The market for Wi-Fi devices is expected to grow from 208 million units in 2006 to 939 million units by 2011, a compound annual growth rate of 35% (Source: ABI). This growth will be driven largely by the introduction of array of WLAN client devices, including laptops, cellular handsets, and a variety of consumer electronics devices. Trends favor our embedded, high performance antenna solutions, as indicated by the following: (i) growing penetration of broadband Internet connections; (ii) coverage limitations of omni-directional dipole antennas; (iii) increasing use of WLAN devices in the home and office; (iv) demand for enhanced coverage and throughput driven by the emerging market for in-home media distribution; and (v) increasing desire of manufacturers to eliminate external antennas.

Target Customers

WLAN Manufacturers – Incorporate Airgain smart antennas into wireless access points, routers and bridges to increase the range and throughput of 802.11 products.

DSL/Cable Modem Manufacturers – Utilize Airgain smart antennas to improve the performance of DSL and Cable Gateway solutions, increasing overall coverage within a home or office environment and maximizing customer satisfaction.

Consumer Electronics Manufacturers – Incorporate smart antennas into Wi-Fi-enabled home entertainment systems to maximize throughput and performance of digital media adaptors and multimedia home electronics that share streaming video, music content, and high speed Internet access.

Investors

Since its recapitalization in July 2003, Airgain has raised a total of approximately $20.0 million in capital.  Funding sources include well-known angel investors and the following institutional investors:

Northwater Intellectual Property Fund LP1 – Northwater Intellectual Property Fund LP1 is managed by Northwater Capital Management Inc., a leading investment management company, wholly owned by its employees. Northwater manages over US $8.5 billion in assets, applying innovative investment strategies and sophisticated proprietary software in assisting major institutions to build optimal portfolios. In particular, Northwater applies the sciences of advanced finance and systems engineering toward the objective of delivering highly diversified market returns plus robust alpha. For more information please see www.northwatercapital.com.

GEN3 Capital LP – GEN3 Capital Fund I LP is based in San Francisco, Chicago and Boston. The Fund, through its exclusive relationship with GEN3 Partners, has unique access to the Russian scientific community for identification of leading edge technologies in the areas of wireless communications, energy storage and non-invasive medical technologies. GEN3 Partners is a global product innovation consulting firm that dramatically improves the impact, predictability and productivity of the corporate innovation process. For more information please see www.GEN3.com.

The Corporate Backgrounder is available in Portable Document Format .pdf files. You will need Adobe's Acrobat Reader to view them.