EDGEWATER WIRELESS SY ORD - KPIFF STOCK NEWS

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a leader in Wi-Fi Spectrum Slicing technology, has responded to an unauthorized news release by Avon River Ventures regarding an IP valuation. As part of a potential non-dilutive IP-backed lending facility, Edgewater had engaged Avon River Ventures for a comprehensive IP valuation of its portfolio and trade secrets. The unauthorized release indicated a valuation range of US$90M to US$180M for Edgewater's IP asset portfolio.

However, Edgewater management has not received the final proprietary valuation report and cannot comment on its details. The company remains committed to corporate governance and transparency. Edgewater's CEO, Andrew Skafel, emphasized the importance of their intellectual property in creating differentiated silicon solutions, particularly in light of the WiFi7 standard and its MLO feature. Management cautions readers not to solely rely on the information in the Avon River news release.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a leader in Wi-Fi Spectrum Slicing technology, has announced that Jim Skippen has accepted an invitation to join its Board of Directors, pending shareholder approval at the upcoming Annual General Meeting on September 5, 2024. Skippen, former CEO of WiLAN and a renowned Intellectual Property strategist, brings over 30 years of legal and management experience to Edgewater.

During his 13-year tenure at WiLAN, Skippen transformed the company into a successful patent monetization entity, focusing on unlocking the value of intellectual property through various models. His expertise in building and monetizing cutting-edge technology patent portfolios is expected to be invaluable to Edgewater as it progresses its next phase of product commercialization and licensing.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a leader in Wi-Fi Spectrum Slicing technology, has been nominated for the Accelerated Growth Service (AGS) program by Innovation, Science and Economic Development Canada. This program offers support to high-growth, high-potential businesses across Canada.

As part of AGS, Edgewater may gain access to R&D funding, advisory services, financing assistance, and global partnership opportunities. The company will receive a personalized team of government experts to support growth plans and identify beneficial government programs.

Edgewater's Wi-Fi Spectrum Slicing technology enables multiple, in-band concurrent links within a given coverage area, offering 50% lower latency and 7 to 18 times performance gains over legacy Wi-Fi architectures. This innovation allows service providers to benefit from Wi-Fi 7 without replacing existing devices.

Edgewater Wireless Systems (OTC: KPIFF), a leader in Wi-Fi Spectrum Slicing technology, has signed a Letter of Intent (LOI) with Wesley Clover Services Europe (WCS Europe). The LOI involves the provision of Edgewater's next-generation Wi-Fi Spectrum Slicing access point solutions for various enterprise applications, including Industrial Internet of Things (IIoT). This agreement builds on their previous distribution collaboration and follows a successful pilot deployment in an IIoT application. Initial deliveries worth approximately $400,000 are planned for later this year, subject to final commercial terms. This development aims to address the growing need for robust, low-latency Wi-Fi solutions in challenging RF environments.

Edgewater Wireless Systems announces the submission of its third patent application for Spectrum Slicing technology, introducing an AI algorithm enhancing its Wi-Fi solutions. Patents focus on optimizing channel usage, determining optimal channel width, and spectral health. This innovation aims to improve Wi-Fi performance amid the transition to WiFi7. The company emphasizes its strategic IP protection and readiness to deliver next-gen Wi-Fi silicon solutions, backed by 26 granted patents. These advancements position Edgewater Wireless as a leader in multi-link Wi-Fi technology.

Edgewater Wireless has announced the submission of a second patent application titled 'Method and Apparatus for In-Band Multi-Channel Determination and Utilization.' This patent, part of a series, introduces an AI algorithm that enhances their Wi-Fi Spectrum Slicing solution. Edgewater aims to revolutionize the $39.4 billion global Wi-Fi market with this technology. The application is filed as US Patent Application No. 18/643,386 and International Application No. PCT/CA2024/050533, based on a provisional application filed in April 2023. The AI component determines the optimal use of Wi-Fi channels within the Spectrum Slicing-enabled radio array, important as the industry transitions to WiFi7.

Edgewater Wireless Systems (TSXV: YFI, OTC: KPIFF) has filed a worldwide patent application for its technology, 'Method and Apparatus for In-Band Multi-Channel Determination and Utilization.' This new patent includes application-layer intelligence, enhancing Edgewater’s portfolio. With the industry's shift towards WiFi7 and Multi-Link Operation (MLO), Spectrum Slicing technology has become crucial. Edgewater, backed by 26 granted patents, aims to impact the $39.4 billion global Wi-Fi market. The patent application, US Patent No. 18/643,333 and International Application No. PCT/CA2024/050533, was filed in April 2023. The invention utilizes an AI-driven algorithm stack to optimize Wi-Fi channel configuration within spectral bands. This development reinforces Edgewater's leadership in Wi-Fi innovation.

Edgewater Wireless Systems Inc. applauds the NRC IRAP IP Assist Program for supporting the development of Canadian IP and helping secure next-generation wireless capabilities. The program aids in the development of ground-breaking Wi-Fi and wireless IP, positioning Edgewater as a leader in Wi-Fi Spectrum Slicing technology. Through support from NRC IRAP, Edgewater can enhance Wi-Fi service delivery, decrease latency, and increase aggregate throughput, solidifying its position in the global wireless and semiconductor ecosystem.