Edgewater Wireless Appoints Seasoned Telco Executive Nicolas Fortineau to Accelerate its Spectrum Slicing Wi-Fi7 Go-to-market Strategy

Fortineau joins Edgewater as VP of Marketing, following a decade with leading telco Liberty Global

OTTAWA, Ontario--(BUSINESS WIRE)-- Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce that it has appointed Nicolas Fortineau as VP of Marketing. The appointment marks a significant milestone in the Company’s growth journey as the Company scales its commercial capabilities supporting its next generation of Spectrum Slicing powered Wi-Fi7 silicon solutions. As the new VP of Marketing, Fortineau will spearhead Edgewater’s global go-to-market strategy and expansion initiatives, ensuring the Company capitalizes on its recent successes to reach its next milestone.

“We are thrilled to welcome Nicolas to the Edgewater team,” said Andrew Skafel, President and CEO of Edgewater Wireless. “His expertise in marketing strategy and deep understanding of the service provider business landscape makes him an invaluable addition to our leadership team. We are confident that Mr. Fortineau will strengthen our go-to-market efforts and help accelerate our growth trajectory.”

Mr. Fortineau will oversee Edgewater’s service provider go-to-market efforts and strategy. Before joining Edgewater, was EVP CMO for Airties, a private equity-backed global leader of managed Wi-Fi solutions for broadband providers. Previously, his tenure at Liberty Global spanned more than a decade. Most recently, he oversaw group product development efforts for connectivity across seven countries for Liberty Global’s residential and SoHo customers while serving as Product Director of Connectivity Platforms. In this role, he spearheaded development efforts across networks, CPE, cloud services and data insight disciplines — leveraging the best technology, such as Wi-Fi, 5G, cloud computing, and Artificial Intelligence (AI), to improve consumers’ digital lives. Nicolas is the founder of Polaris Lab, a consultancy helping companies to accelerate their growth.

This appointment comes in the broader context of growth for Edgewater Wireless, to be supported by an anticipated blend of traditional and non-dilutive growth capital, newly formed strategic alliances and government programs anchoring silicon production in North America, and further market penetration of Edgewater’s recently launched next generation Wi-Fi 7 product line.

About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi 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 26 granted patents, Edgewater’s Spectrum Slicing technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.

Edgewater’s physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway — regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the most significant improvements.

For more information, visit 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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Edgewater Wireless:

Andrew Skafel, President and CEO

E: andrews@edgewaterwireless.com

Bill Mitoulas, Investor Relations

E: ir@edgewaterwireless.com

T: +1.416.479.9547

www.edgewaterwireless.com

Source: Edgewater Wireless Systems Inc.