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Airgain Secures Multi-Million Dollar Contract with EV Charging Leader

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Airgain, Inc. (NASDAQ: AIRG) – a leading provider of wireless connectivity solutions, creating and delivering products that include embedded components, external antennas, and integrated systems across the globe, announced today that a leading manufacturer of electric vehicle (EV) charging stations has selected Airgain’s NimbeLink® embedded modems to provide connectivity to its expanding nationwide network. This win is the latest for Airgain in a growing niche that includes several top manufacturers who require reliable connectivity for maintenance, status tracking, usage monitoring, payment processing, geolocation, and more.

 

The EV charging market is rapidly expanding, driven by the combination of customer demand, automaker investments, and government funding. In fact, $7.5 billion from the 2021 Infrastructure Investment and Jobs Act has been earmarked specifically for EV charging infrastructure. This is in addition to other initiatives that include new federal tax credits for electric vehicles as well as statewide bans on internal combustion engines. To meet growing market demand, the EV charging segment will need to grow nearly tenfold by 2030 just to keep up, according to industry sources. This requires a rapid development process on the part of manufacturers to bring new products to market faster. Airgain’s dedicated market strategy is designed to identify and quickly address the needs of EV charging manufacturers.

 

“Connectivity is a catalyst to growth in EV charging,” says Brian Critchfield, Vice President of Marketing at Airgain. “Whether it is the customer who uses an EV charging station or the operator who manages it, connectivity is the backbone. With such rapid market growth upon us, manufacturers do not have time to wait for cellular carrier certification and often don’t have the RF engineers on staff to address the growing complexity of wireless. Airgain’s line of NimbeLink embedded modems simplifies wireless connectivity by offering an elegant solution that shortens time-to-market and eliminates the need for in-house RF expertise.”

 

Airgain’s line of NimbeLink embedded modems is end-device certified, bypassing what is often months of delay and tens of thousands of dollars in cost required to certify a device through cellular carriers. In addition, all RF components are included in the modem’s electronics, eliminating the need for RF design on the motherboard. The only requirement is a standard 20-pin connector, which allows for interchangeable modems and wireless modules. This design greatly simplifies the process of bringing a wireless product to market.

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