Explores expansion of core technology to capture growing 5G Opportunities
February 2, 2021 – Ottawa, Canada – Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF), the innovator in Wi-Fi Spectrum Slicing technology for residential and commercial markets, to focus on the role of Wi-Fi Spectrum Slicing in 5G world. The Company explores the expansion of its core technology to capture growing global 5G momentum.
Global Technology, Media and Telecom (TMT) industry momentum in 5G and the increasing importance of Wi-Fi indoors create opportunities for a converged digital world. With over 8 billion Wi-Fi devices[1], 70% of cellular data over Wi-Fi[2] and the acceleration of work-from-home (#WFH) resulting from the global pandemic, Wi-Fi will play a critical role in realizing the 5G ambition.
To help navigate these future trends, Edgewater has earned access to leading industry bodies such as CableLabs and the Wireless Broadband Alliance (WBA) and continues to build on relationships with industry leaders to advise on the new opportunities for Edgewater’s patented approach.
In view of the need to focus on these critical industry trends and increasing personal European commitments, Steve Andrews and Richard Nottenburg have transitioned from the Board of Directors to an advisory capacity. They will play a more strategic advisory role for the Company as we advance.
“We thank Steve and Richard for their contributions to the Board of Directors and look forward to continuing to work with them as they move into their new roles.” Said Brian Imrie, Director of Edgewater Wireless.
About Edgewater Wireless
We make Wi-Fi. Better.
Spectrum Slicing offers breakthrough performance, dividing the available spectrum and exposing a new level of spectrum granularity for service providers and developers to exploit.
Edgewater Wireless (www.edgewaterwireless.com) is the innovator of Wi-Fi Spectrum Slicing technology for residential and commercial markets. We focus on advanced silicon solutions, Access Points, and IP licensing designed to meet the high-density and high-quality of service needs of service providers and their customers. With 25+ patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology innovates Wi-Fi, delivering next-generation performance.
For more information, visit www.edgewaterwireless.com or www.aera.io.
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Edgewater Wireless Investor Contact:
Andrew Skafel
President and CEO
T: +1 613-271-3710
E: andrews@edgewaterwireless.com
W: www.edgewaterwireless.com
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
[1] Monica Paolini, WBA Annual Industry Report 2019, Wireless Broadband Alliance (Source: https://www.wballiance.com/resource/wba-annual-industry-report-2019/ ) [October 2018]
[2] Monica Paolini, WBA Annual Industry Report 2019, Wireless Broadband Alliance (Source: https://www.wballiance.com/resource/wba-annual-industry-report-2019/ ) [October 2018]