Edgewater Wireless Files Worldwide Patent Application for Next-Generation Spectrum Slicing Approach

Rhea-AI Summary

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.

Positive

• Filed a worldwide patent application, expanding intellectual property portfolio.
• New patent supports application-layer intelligence in Wi-Fi technology.
• Reinforces leadership in Wi-Fi Spectrum Slicing technology.
• Patent targets the $39.4 billion global Wi-Fi market.
• Algorithm stack with AI component optimizes Wi-Fi channel configuration.

Negative

• No immediate financial gains or revenue impacts disclosed from the new patent.
• Potential delays in patent approval and commercialization.
• R&D and patent filing costs may increase operational expenses.

New patent application bolsters Company’s intellectual property portfolio with application-layer intelligence and further establishes Company’s leadership position

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 recently completed patent application “Method and Apparatus for In-Band Multi-Channel Determination and Utilization.”

“As the industry sees an accelerated shift to WiFi7, and WiFi7’s marquee feature of Multi-Link Operation (MLO) gains real-world traction, the need for Spectrum Slicing has never been more essential than it is today,” said Andrew Skafel, President and CEO of Edgewater Wireless Systems Inc. “Our leadership in Spectrum Slicing – backed by over 26 granted patents – is now being extended to include a new generation of application-layer intelligence impacting the $39.4 billion global Wi-Fi market¹. Kudos to our Product Factory for driving customer-focused innovation. Their dedication to creating better products is an essential part of our strategy to unlock shareholder value.”

The recently filed patent application pertains to the Method and Apparatus for In-Band Multi-Channel Determination and Utilization. This application has been filed as US Patent Application No. 18/643,333 and International Application No. PCT/CA2024/050533. The US and international patent applications are based on US Provisional Application No. 63/461,709, filed in April of 2023.

This first patent application in a series describes the use of an algorithm stack to ingest available information about the Wi-Fi environment and then determine and configure the optimal number-and-bandwidth of available channels within a spectral band using a Spectrum Slicing enabled radio array. The algorithmic stack detailed in this patent application describes an artificially intelligent (AI) component within the greater invention.

“As we have stated in prior press releases, this invention, and its patentable components, represent the command and control mechanisms necessary to fully realize the power of Spectrum Slicing and wireless quality of service," said Eric Smith, VP of Product for Edgewater Wireless. “The official applications have now been formally filed both in the US and abroad, and once again, Edgewater Wireless has broken new ground in Wi-Fi technology that will ultimately make ‘Wi-Fi better’ for everyone.”

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 Multi-Channel, Single Radio (MCSR) 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.

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¹ Source: https://www.prnewswire.com/news-releases/wi-fi-market-worth-39-4-billion-by-2028---exclusive-report-by-marketsandmarkets-301971472.html

View source version on businesswire.com: https://www.businesswire.com/news/home/20240513886584/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 did Edgewater Wireless announce in its recent press release?

Edgewater Wireless announced the filing of a worldwide patent application for its new 'Method and Apparatus for In-Band Multi-Channel Determination and Utilization' technology.

Why is the new patent application by Edgewater Wireless important?

The new patent includes application-layer intelligence and reinforces Edgewater's leadership in Spectrum Slicing technology, impacting the $39.4 billion global Wi-Fi market.

What is the significance of Spectrum Slicing technology mentioned in the PR?

Spectrum Slicing technology is essential for optimizing Wi-Fi channels, especially with the industry's shift towards WiFi7 and its Multi-Link Operation feature.

How many patents does Edgewater Wireless have?

Edgewater Wireless is backed by over 26 granted patents.

What are the patent numbers filed by Edgewater Wireless?

The patent numbers are US Patent Application No. 18/643,333 and International Application No. PCT/CA2024/050533.

What were the previous applications that the new patent is based on?

The new patent is based on US Provisional Application No. 63/461,709, filed in April 2023.