August 16, 2018 —Ottawa, Canada – Edgewater Wireless Systems Inc. (TSX.V: YFI) (OTCQB: KPIFF), the developer of WiFi3™ multi-channel WiFi chipsets and access point products for high-density wireless networks is announcing it has received approval from the TSX Venture Exchange for the previously announced amendment to extend the term of an aggregate of 6,167,625 outstanding share purchase warrants set to expire on August 24, 2018 by two years to August 24, 2020.
The warrants were issued pursuant to a non-brokered private placement of units completed by the Company on August 24, 2016 with an original term of two years. The extension to the term of the warrants is subject to the acceptance of the TSX Venture Exchange.
The expiry date of the warrants was extended to August 24, 2020.
For further information on the amendment of the warrants, please see the Company’s news release issued on August 10th, 2018.
Backed by 24 patents, Edgewater’s WiFi3™ is designed for high-density WiFi applications. Edgewater’s technology mitigates adjacent and co-channel interference to enable multiple, concurrent channels of transmit and receive from a single WiFi standards-compliant radio. Delivering the highest channel density in the industry means fewer access points to deliver the highest quality of service for users in high-density environments. For more information on High-Density WiFi solutions and WiFi3™ OEM development kits visit: www.edgewaterwireless.com or www.aera.io
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