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Press Release
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Airgain Announces Name Change and Seed
Round Funding
Carlsbad,
CA, January 5, 2004 – The AM Group
announced today that is has officially
changed the name of the company to
Airgain, Inc. to better reflect the
company’s vision and direction as a
leading-edge developer of smart antenna
solutions for next generation
802.11-compliant systems. The company
also announced it has raised an initial
seed round funding of $1.8 million from
private investors. Originally founded in
1995, the company has specialized in the
development of smart wireless networking
technology since 2000.
Airgain’s
compact smart antenna solutions deliver
the flexibility of an omni-antenna with
the enhanced performance of a
directional antenna. The technology
provides dramatic improvements in range
that increase the coverage of ordinary
Wi-Fi solutions up to ten fold. Based
on phased array radar principles
developed for the military, Airgain’s
smart antennas can be steered
electronically at very high switching
speeds, greatly enhancing the
performance of home or enterprise WLANs.
"Wireless
systems present unique challenges to
ensure connectivity over the air,
especially when users are mobile," said
Pertti Visuri, CEO of Airgain. "Over the
past four years, our company has focused
its time and resources on addressing the
challenging area of data transmission
through the air. We are now ready to
introduce this technology to the
marketplace and felt that the Airgain
name more clearly defines our vision and
products."
According to
IDC, the WLAN systems market is expected
to grow from $2.2 billion in 2002 to
$3.1 billion in 2005. In addition,
wireless data networking technology is
beginning to experience growth in new
markets, such as connecting consumer
electronics devices in the home to share
content.
Airgain’s
Smart Antenna technology has been
implemented into several core form
factors, which can be utilized in
wireless bridges, access points and
routers, and client devices. These
elements can be combined in various ways
with standard communication ports and
memory configurations to create a
variety of customer products for
different markets, including:
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Home/Office WLANs – Smart
antennas can be integrated into
wireless access points, routers,
bridges and media adapters to
increase the range and throughput of
802.11 a, b, and g compliant
systems.
-
Wireless Multimedia Systems -
Wireless home entertainment systems
enabled with Airgain smart antennas
ensure maximum coverage and
performance for sharing streaming
video, music content, and high speed
Internet access.
-
Office/Security Equipment –
Airgain’s smart wireless bridge
extends the range of wirelessly
enabled Ethernet-ready security
cameras, printers, and copiers
without the need for extensive
inbuilding cabling.
Airgain
Smart Antennas have been designed to
meet the needs of OEMs, ODMs, and
consumer electronics manufacturers
dedicated to building the next
generation of wireless multimedia
networks.
About
Airgain
Airgain is a
leading-edge developer of smart antenna
solutions serving the 802.11 WLAN
systems market. Airgain’s compact smart
antenna solutions deliver the
flexibility of an omni-antenna with the
enhanced performance of a directional
antenna. The technology provides
dramatic improvements in range that
increase the coverage of ordinary Wi-Fi
solutions up to ten fold. Based on
phased array radar principles developed
for the military, Airgain’s smart
antennas can be steered electronically
at very high switching speeds, greatly
enhancing the performance of home or
enterprise WLANs. Airgain supplies its
smart antenna solutions to original
equipment manufacturers and original
design manufacturers requiring
cost-effective solutions that deliver
increased range, performance and
availability. The company's main office is in Carlsbad,
California, USA, with a research center
located in St. Petersburg, Russia.
News
and information are available at
www.airgain.com.
Airgain and
the Airgain logo are trademarks of
Airgain, Inc.
Media Contact
Airgain, Inc.
Glenn Selbo
VP, Sales & Marketing
Airgain, Inc.
+1 760.579.0200
gselbo@airgain.com
Investor Contact
Airgain, Inc.
Harry Oesman
CFO
Airgain, Inc.
+1 760.579.0200
hboesman@airgain.com
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