Airgain Stock Surges Afterhours On Securing Multi-Million Dollar Contract

Airgain Inc’s 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.