Next-Generation Wi-Fi Solutions Expanding on Industrial Internet of Things (IIOT) Applications
July 9, 2024 – Ottawa, Canada – Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce the signing of a Letter of Intent (the “LOI”) with Wesley Clover Services Europe (“WCS Europe”). The LOI contemplates the provision of Edgewater’s next-generation Wi-Fi Spectrum Slicing powered access point solutions for a wide range of enterprise applications, including Industrial Internet of Things (IIoT) applications.
The LOI builds on an earlier established and expanded distribution agreement between the Company and WCS Europe and follows a successful pilot and field deployment in a ground-breaking IIoT application.
Initial deliveries of Edgewater’s next-generation Wi-Fi Spectrum Slicing powered access point solutions totalling approximately $400,000 are planned for later this calendar year (subject to final commercial terms).
“We are thrilled with the commercial progress WCS Europe has developed, and we are looking forward to further strengthening our partnership as they expand our addressable market to include Industrial internet of things applications,” said Andrew Skafel, President and CEO of Edgewater Wireless. “In challenging RF environments where legacy, single-channel Wi-Fi solutions struggle to deliver even baseline performance, the need for multi-channel/link solutions is growing beyond our initial target application(s) of home and enterprise Wi-Fi.”
“Edgewater’s Wi-Fi Spectrum Slicing technology clearly addresses a business driver in the IIoT space where an increasing reliance on Wi-Fi to provide industrial automation and control requires a robust, low latency Wi-Fi connection,” said Lionel Hovsepain, President of Wesley Clover Services Europe. “…”
The LOI is subject to, amongst other things, the execution of a definitive purchase agreement, project financing, and regulatory approval, as applicable.
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About WCS Europe
WCS Europe facilitates the digital transformation of businesses. WCS Europe focus on the key challenges of digital transformation that are based on business processes, staff mobility, customer relationship and experience, enterprise data leveraging, and the security and agility of its information system. All the WCS Europe solutions aim to promote new uses to increase productivity and business growth.
For further information, please visit https://eu.wcs.global/en/
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi 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 26 granted patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.
Edgewater’s physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway — regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the greatest improvements.
For more information, visit www.edgewaterwireless.com.
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Edgewater Wireless Contacts:
Andrew Skafel, President and CEO
Bill Mitoulas, Investor Relations
T: +1.416.479.9547
Forward-Looking Statements
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