Sierra Wireless Inc. (NASDAQ: SWIR), a chip maker, has announced the first order for a 5G multi-network video surveillance system. The firm has benefited from the shift to new communication standards; the SWIR share has increased in price by 26.39 percent since the beginning of the year, reaching $22.27 during trading on June 29.
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The EarthCam webcam platform has selected the Sierra Wireless AirLink XR80 5G router to establish the first StreamCam 5G surveillance camera network, which will transmit data via the next-generation mobile communication standard.
The Sierra Wireless Inc. (SWIR) router will transmit 4K video in real-time. 12-megapixel cameras generate a considerable quantity of data, and these systems formerly required a cable connection, restricting their application in areas without suitable communications infrastructure.
Sierra Wireless Inc. (SWIR), according to EarthCam, is a pioneer in next-generation streaming camera technologies and has substantially decreased 24-hour video transmission time to five minutes.
EarthCam video surveillance systems are put in various areas of interest and utilized for a variety of reasons. For example, they offer security and traffic monitoring at the Denver airport, and they are used to make large-scale video splices to estimate stadium occupancy throughout the year at the Los Angeles SoFi stadium.
The acceptance of Sierra Wireless’ 5G technologies by major companies is encouraging for investors. The firm offers a variety of next-generation wireless technologies, including cloud-based multi-network routers that link automobiles to high-speed internet.
Sierra Wireless Inc. (SWIR) intends to develop a comprehensive set of solutions and grab a sizable part of a promising industry.
Sierra Wireless Inc. (NASDAQ: SWIR) shares are up 26.39 percent year to date (YTD) and are down -6.23 percent or -$1.48 in the most recent trading session. The stock’s trailing 12-month performance, on the other hand, is roughly 16.11 percent higher.
The stock has been up 31.70 percent in the last six months and 23.24 percent in the last three months. When we look at the shorter term, the week performance is down -1.46 percent and the month performance is down -0.58 percent.
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