Airbeam's Financial Results- HAPPY TO BE IN ON THE RO!!!for its first full month of operations since the acquisition of its
next-generation 60Ghz products. VANCOUVER, BC / ACCESSWIRE / April 24, 2019 / Airbeam Wireless Technologies Inc. ("Airbeam") (airbeamtech.com), 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").
Airbeam had sales of C$2.15M in March and April 2019. Prior to Airbeam's acquisition, the business line generated an estimated C$2.68M over the previous 12-months.
Highlights
Airbeam's aggressive growth follows the recent acquisition of the Airbeam Products from a major U.S. semiconductor manufacturer. The acquisition included an inventory of sale-ready chipsets which were used to complete April sales orders. Future sales will be derived from the manufacture of new modules and chipsets, which is well underway, as well as remaining inventory on-hand.
"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. Yan Zhang, an Airbeam Director. "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."