Edgewater Wireless Bolsters Patent Portfolio with Latest Innovations

Rhea-AI Summary

Edgewater Wireless Systems Inc. (OTC: KPIFF) announces a new patent application to the U.S. Patent and Trademark Office titled “Method and Apparatus for In-band Multi-channel Determination and Utilization.” This innovation strengthens the company's leadership in multi-link Wi-Fi technology, particularly in the rapidly advancing WiFi7 standard.

The patent aims to enhance Wi-Fi performance by reducing latency and increasing throughput. With 26 granted patents, Edgewater's Spectrum Slicing technology allows multiple channels to operate simultaneously, addressing congestion and interference challenges in residential and enterprise markets.

According to CEO Andrew Skafel, this development reflects the company’s commitment to innovation, which is vital for unlocking shareholder value in a market with over 20 billion Wi-Fi devices.

Positive

• Submission of a new patent application strengthens Edgewater's position in multi-link Wi-Fi and Spectrum Slicing technology.
• The patent application promises enhanced Wi-Fi performance and reduced latency, appealing to both residential and enterprise markets.
• Edgewater holds 26 granted patents, providing a robust technological advantage.
• CEO emphasizes the link between innovation and shareholder value, indicating potential for future growth.

Negative

• Potential risks associated with market competition and regulatory conditions as highlighted in the forward-looking statements.

The addition of application-level innovations to Edgewater’s patent portfolio, effectively ‘ring-fences’ its leadership in multi-link Wi-Fi, not only within WiFi7 but into the future

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 the submission of a new patent application to the U.S. Patent and Trademark Office titled: “Method and Apparatus for In-band Multi-channel Determination and Utilization“. The new patent application further solidifies Edgewater’s leadership position in multi-link Wi-Fi and wireless innovation, which is essential in delivering a higher quality of service and lower latency for all modern and legacy wireless devices.

“This new patent application is the culmination of many years of customer-driven, extensive real-world research and development, which has given us enormous insights into the challenges faced by Wi-Fi networks,” said Eric Smith, VP of Product for Edgewater Wireless. “By adding application-level innovations to our patent portfolio, we are effectively ring-fencing our leadership in multi-link Wi-Fi, not only within the WiFi7 standard but far into the future.”

WiFi7, or the latest iteration of the global Wi-Fi standard, promises lower latency and higher throughputs. More importantly, it is the first Wi-Fi standard to embrace multi-channel/link architecture with its marquee feature, Multi-Link Operation (MLO). A strong endorsement of the power of multi-channel/link architecture, MLO enables simultaneous access across multiple bands — building on innovations like Dual Channel Wi-Fi™, our co-innovation with CableLabs. The basic principle is simple; using more channels can reduce latency and improve performance.

Wi-Fi Spectrum Slicing enables more in-band channels than all legacy Wi-Fi architectures up to and including WiFi7. Backed by 26 granted patents, Wi-Fi Spectrum Slicing creates a robust, future-proof platform for features like MLO, Dual-Channel Wi-Fi which require more physical capacity than legacy single-channel Wi-Fi offers.

“The new patent application highlights our core belief in customer-focused innovation as the path to unlocking shareholder value,” said Andrew Skafel, President and CEO. “As an innovator and disruptor in the Wi-Fi and wireless spaces, we’re thrilled about these new innovations, which further enhance the benefits of multi-channel/link Wi-Fi in the home and enterprise markets. With over 20 billion Wi-Fi devices shipped today and a robust future forecasted, managing congestion and interference are paramount to delivering the best real-world performance possible. Spectrum Slicing delivers.”

For further information on the benefits of Wi-Fi Spectrum Slicing, watch our webinar “Unlocking real-world performance in Home Wi-Fi” with Liberty Global.

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 greatest 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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005636/en/

Edgewater Wireless Contacts:

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.

FAQ

What is the new patent application by Edgewater Wireless (KPIFF) about?

Edgewater Wireless has submitted a patent application titled 'Method and Apparatus for In-band Multi-channel Determination and Utilization' to enhance multi-link Wi-Fi technology.

How does the new patent enhance Wi-Fi technology for Edgewater Wireless (KPIFF)?

The patent aims to reduce latency and improve throughput in Wi-Fi performance, crucial for modern connectivity demands.

What is the significance of WiFi7 for Edgewater Wireless (KPIFF)?

WiFi7 represents a major advancement in Wi-Fi standards, featuring multi-link operation, which aligns with Edgewater's innovations in Spectrum Slicing.

How many patents does Edgewater Wireless (KPIFF) currently hold?

Edgewater Wireless holds 26 granted patents related to its technology, enhancing its competitive positioning.

What market insights did Edgewater Wireless’s (KPIFF) CEO provide regarding future growth?

CEO Andrew Skafel stated that customer-focused innovation is central to unlocking shareholder value in a booming market with over 20 billion Wi-Fi devices.