July 22, 2015 – Ottawa, Canada – Edgewater Wireless Systems Inc., (YFI;TSX.V) the manufacturer of multi-channel WiFi3™ technology for high-density Wi-Fi applications, is pleased to announce the engagement of Intellectual Asset Group (IAG), an intellectual property monetization strategy firm based in Bloomfield Hills, Michigan.
IAG has extensive wireless and WiFi technology patent monetization experience and focuses on sourcing, confirming and grouping patents and patent families as well as confirming valuation & pricing of existing patent portfolios and licensing strategies.
“We are progressing well in creating new opportunities to license our intellectual property and extensive patent portfolio as well furthering discussions on some new potential IP.“ said Andrew Skafel, CEO of Edgewater Wireless “We are excited to be fully engaged with IAG as they were instrumental in facilitating the non-core patent deal earlier this year to a major handset and tablet manufacturer. IAG maintains excellent relationships with major technology manufacturers in the WiFi, wireless and mobile device world, as demonstrated in the previous transaction, which is why we chose to work with them.
Edgewater Wireless maintains patent and IP licensing an important part of our strategy to unlock value for shareholders and company’s growth with the potential to overtake equipment sales as the most significant revenue line for the company.
Edgewater’s WiFi3™ powered technology is the best Wi-Fi solution for carriers, service providers and systems integrators to address the growing problems of interference, capacity and critical mass of users which is stretching networks to their breaking point. Edgewater’s patented technology solves the high-density problem while also significantly reducing the equipment investment and operating costs for new network deployments.
| Edgewater Wireless Contact: Janet Eastman
T: +1 613 301 5026 |
Intellectual Asset Group Contact: Paul Schwartz
T: +1 248 432 2602 |
About Intellectual Asset Group
IAG is a leading provider of complete IP monetization strategies with a proven track record of identifying and transforming intangible assets into tangible revenue. IAG takes a top down approach to source and qualify patents in the most relevant market technologies. With unrivalled access to deal flow and market knowledge, it is clear why so many companies consistently look to IAG to sell their patents. We don’t just participate in the IP marketplace. We create it. www.iagip.com
About Edgewater Wireless Systems Inc.:
Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-density, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater’s WiFi3™ is redefining Wi-Fi technology with its wide-band, multi-channel radio and high-capacity Access Point solutions, and delivering next generation Wi-Fi, today.
The best solution for High-Density Wi-Fi networks, Edgewater Wireless WiFi3 powered access point products enable innovative service providers to plan, build and deploy reliable, high-capacity services (like VoWiFI) for high-density wireless data demand in any environment.
Do more with less! Fewer access points delivering high quality service at a lower overall deployment cost make our patented WiFi3 technology the right choice for your next Wi-Fi network.
Explore the evolution of Wi-Fi at www.EdgewaterWireless.com
Forward-Looking Statements
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