![airbeam airbeam](https://i.ytimg.com/vi/L8DVcJctASI/maxresdefault.jpg)
5G, the next generation of cellular mobile communications, promises data speeds many times faster than the current 4G system, and could lead to higher capacity and much greater device connectivity. The Airbeam Products open up a global opportunity in 5G and IoT (Internet of Things) that are expected to form the building blocks of Smart City infrastructure. "Our April sales results outstrip anything this cutting-edge 5G-focused wireless technology experienced before our purchase, our customers now have clarity about growth in the product line and are responding showing the untapped potential and the opportunity for aggressive growth for Airbeam moving forward." "We had a clear roadmap in place for this technology since day one, so we're excited to hit the ground running with sales across the globe," said Mr. Future sales will be derived from the manufacture of new modules and chipsets, which is well underway, as well as remaining inventory on-hand. The acquisition included an inventory of sale-ready chipsets which were used to complete April sales orders.
![airbeam airbeam](https://www.contentedcamping.co.uk/wp-content/uploads/2018/01/centara-800xl-500x500.jpg)
Airbeam's cost of goods sold and operating expenses for March and April were C$948,031.30.*Īirbeam's aggressive growth follows the recent acquisition of the Airbeam Products from a major U.S.Revenue includes client backlog related to closing asset sale.Contract manufacturer relationships and associated manufacturing infrastructure in place to build on this success moving forward.Global sales, including clients serviced in North America, Asia and Europe.Sales include both modules and chipsets.Over C$2 million in revenues since March 2019 acquisition.Prior to Airbeam's acquisition, the business line generated an estimated C$2.68M over the previous 12-months.
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(" Airbeam") ( ), a new wireless semiconductor company working to unlock a global opportunity in Smart City infrastructure and 5G rollout, today provided selected financial results for its first full month of operations since the acquisition of its next-generation 60Ghz products, including WiGig and WiHD (collectively, the " Airbeam Products").Īirbeam had sales of C$2.15M in March and April 2019. VANCOUVER, BC / ACCESSWIRE / Ap/ Airbeam Wireless Technologies Inc. Release of better-than-projected earnings and aggressive sales growth follows recent technology acquisition from leading U.S.