Anderson strengthens technology vision for WiFi3™
April 30, 2014 – Ottawa, Canada- Edgewater Wireless Systems Inc., (YFI;TSX.V), the global
leader in WiFi3™ next generation WiFi technology, is pleased to announce a strategic restructuring
of its Management team. On the back of a successful private placement earlier this month, this
restructuring positions Edgewater Wireless to further capitalize on the increasing global demand
for high density, carrier WiFi.
Duane Anderson is stepping into the role of Chief Technology Officer. The newly created CTO
role will allow Edgewater to leverage Mr. Anderson’s decades of military technology expertise.
Anderson is thrilled to increase his engagement with the technology side of the business. “I see
the massive potential for multi-channel WiFi and my goal is to further focus on honing the
competitive advantages of our WiFi3™ technology,” says Anderson.
Mr. Anderson will retain his position of Chairman of the company. As a result of Duane
Anderson moving to the technology side of the company’s operations, current President,
Andrew Skafel, will be moving into the role of Chief Executive Officer.
Additionally, Edgewater Wireless is pleased to announce that the company has engaged, subject
to TSX Venture Exchange Approval, Ubika Communications, a division of Ubika Corporation, to
raise the profile of Edgewater in the capital markets. Ubika offers comprehensive capital
markets exposure services via their flagship website portal, www.smallcappower.com, which is
featured on the Financial Post website. Compensation for Ubika services will be $4,900 per
month.
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
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.
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