Based off a production-ready modular chip design, AirBeam is a next generation wireless solution that is primed to take advantage of existing and emerging high speed data markets. With a portfolio of proprietary tools, Blockchain is giving users an institutional-grade analysis package that forms the basis for an extended suite of product offerings in the future.ĪirBeam is a new company that is looking to unlock a worldwide opportunity in Smart Cities and 5G rollout. captures and aggregates data from different blockchains for use and analysis with a clean and approachable API. Through the proprietary portal, Blockchain Holdings provides investors and fund managers with unique insights into the growing ecosystem of crypto-assets. Recent results are not necessarily indicative of future sales or operating results. * Reported amounts are based on unaudited financial information of Airbeam. We believe that Our Airbeam Products could act as critical components which connect 5G micro base stations with the backbone wirelessly. The Smart City initiative uses information and communication technologies to improve transportation, safety, energy use, as well as other infrastructure issues, for a better quality of life and greater competitiveness. 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. *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.
AIRBEAM WIRELESS FULL
(" 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. See Airbeam's complete news release below for details:Īirbeam Wireless Technologies Inc. Blockchain Holdings' investment helps to support Airbeam as it invests in a new generation of wireless network technologies that are designed to take advantage of existing and emerging high-speed data markets, including 5G, the future global telecommunication standard.
AIRBEAM WIRELESS UPDATE
(" Airbeam") on February 26, 2019, the Company is pleased to report that it has received an update from Airbeam on its operating revenue. (the "Company" or "Blockchain Holdings") (CSE: BCX), following its previous announced strategic investment into Airbeam Wireless Technologies Inc. TORTOLA, BRITISH VIRGIN ISLANDS / ACCESSWIRE / Ap/ Blockchain Holdings Ltd. Release of better-than-projected earnings and aggressive sales growth follows recent technology acquisition from leading U.S.
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