Edgewater Wireless Reports Results of Annual General Meeting
December 15, 2016 Ottawa, Canada – Edgewater Wireless Systems Inc. (YFI; TSX.V), the manufacturer of multi-channel WiFi3™ technology for high-density Wi-Fi and IOT applications, is pleased to announce results from the company’s Annual General Meeting of Shareholders (“AGM”) held on December 14, 2016.
The entire Edgewater Wireless Board of Directors and Management were in attendance as well as proposed new Edgewater Wireless board members, Edgewater Wireless team members and a diverse group of shareholders. The number of directors was set at four (4) with the election of the following individuals as directors of the Company; Hubert Whyte, Brian Imrie, Jane Barratt and J. Lewis Dillman. Duane Anderson was not reelected to the board. The Board of Directors and Management Team of Edgewater Wireless would like to thank Duane for his extensive efforts and guidance since the inception of the company.
Claude Haw chose not to stand for reelection to the board. Edgewater Wireless would like to take this opportunity to thank Claude for his direction and guidance during his time with the company. Claude has been an exceptional member of our team at Edgewater. He has continually provided council and direction to the management team and his contribution will be greatly missed.
“Edgewater Wireless has matured quickly and over the past year as we continued to focus on innovation in High Density Wi-Fi technology. We are now seeing the fruits of those efforts with the number of engagements with customers, prospective customers and partners,” said Andrew Skafel, CEO of Edgewater Wireless. “We appreciate the continued support from our diverse investor base. We are growing and building this company for long term success and are very excited with the opportunities ahead in 2017.”
Additionally, the Company appointed KPMG LLP as auditors of the company and the Company’s Stock Option Plan was approved.
“I would like to personally thank Duane Anderson for his enormous contribution to growing and building Edgewater Wireless. Duane has put his heart and soul into the development of WiFi3™ and we would not be where we are today, and would not have achieved our success to date, without him,” said Andrew Skafel President & CEO of Edgewater Wireless. “Duane has been unwavering in his support and dedication to WiFi3™ technology.”
Following the meeting, attendees of the AGM received the presentation that was given to the CableLabs Board of Directors earlier this year, followed by a question and answer session with Andrew Skafel and senior members of the Edgewater Wireless team.
Edgewater Wireless Contact:
Matt Massey
VP, Marketing
T: +1 613-797-9628
E: [email protected]
W: www.edgewaterwireless.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
This news release contains forward-looking statements and 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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