Provides updates on silicon production, sales process and pipeline
February 11, 2020 – Ottawa, Canada – Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and commercial markets held an Investor Update broadcast on Monday, February 10, 2020.
Key highlights from the call and presentation:
- New AERA™ Access Point pricing and product comparison available;
- Dramatic increase in Wi-Fi enabled devices with 3B added over the last 12-months[1] according to the Wireless Broadband Alliance (WBA);
- Identified growth path in the $12.9B Residential market[2] with continued progress in a large-scale gateway tender and in the $5.8B Enterprise market[3] following successful expansion by Tier 1 Service Provider;
- Plans to increase investment in a move to lower-cost, higher volume chip production — a strategic milestone for the company
“With the recent industry developments in the release of Wi-Fi6 products and the increasing focus on Wi-Fi density, our key messages of Wi-Fi Spectrum Slicing are resonating. Commercial opportunities for our cost-effective AERA™ Access Point products and silicon solutions are opening up,” said Andrew Skafel, President and CEO. “Increased investment in lower-cost, higher volume chip production is a strategic milestone which will garner the attention of major semiconductor and equipment manufacturing companies.”
Accompanying investor update presentation can be found here.
The abridged call transcript be found here.
Please contact [email protected] should you have any questions.
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Wi-Fi Spectrum Slicing technology for residential and commercial markets. We deliver 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 24+ patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.
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: [email protected] W: www.edgewaterwireless.com |
Forward-Looking Statements
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[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] Source: https://www.prnewswire.com/news-releases/home-wi-fi-router-and-extender-market-to-be-worth-us-129569-mn-by-2026-transparency-market-research-681596821.html
[3] Source: IDC Worldwide Quarterly WLAN Tracker updates (https://www.idc.com/getdoc.jsp?containerId=prUS44264918)