Edgewater Wireless Provides Additional Commentary on Avon River Ventures LLC Valuation Report Press Release
Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF), a Wi-Fi Spectrum Slicing technology company, has issued a corrective disclosure regarding an unauthorized publication of information. The company clarified that on June 27, 2024, an internal draft press release about a third-party valuation report was published without authorization on a third-party website.
The company addressed the Avon River Ventures news release from August 15, 2024, confirming they have not received the final valuation report. Edgewater Wireless has proactively engaged with regulators and urges stakeholders to exercise caution when interpreting the IP valuation information presented in the Avon River news release, recommending reliance on verified and publicly available information about their patent portfolio.
Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF), un'azienda specializzata nella tecnologia Wi-Fi Spectrum Slicing, ha emesso un comunicato correttivo riguardo a una pubblicazione non autorizzata di informazioni. L'azienda ha chiarito che il 27 giugno 2024, un progetto di comunicato stampa interno riguardante un rapporto di valutazione di terzi è stato pubblicato senza autorizzazione su un sito web di terzi.
L'azienda ha affrontato il comunicato stampa di Avon River Ventures del 15 agosto 2024, confermando di non aver ricevuto il rapporto di valutazione finale. Edgewater Wireless ha collaborato attivamente con i regolatori e invita le parti interessate a esercitare cautela nell'interpretare le informazioni sulla valutazione della proprietà intellettuale presentate nel comunicato di Avon River, raccomandando di fare riferimento a informazioni verificate e disponibili pubblicamente sul loro portafoglio di brevetti.
Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF), una empresa de tecnología de segmentación del espectro Wi-Fi, ha emitido un comunicado correctivo sobre una publicación no autorizada de información. La empresa aclaró que el 27 de junio de 2024, un borrador interno de un comunicado de prensa sobre un informe de valoración de terceros fue publicado sin autorización en un sitio web de terceros.
La empresa abordó el comunicado de Avon River Ventures del 15 de agosto de 2024, confirmando que no ha recibido el informe de valoración final. Edgewater Wireless ha colaborado proactivamente con los reguladores y urge a las partes interesadas a ejercer precaución al interpretar la información de valoración de propiedad intelectual presentada en el comunicado de Avon River, recomendando confiar en información verificada y disponible públicamente sobre su cartera de patentes.
엣지워터 무선 시스템 (TSXV: YFI) (OTC: KPIFF), Wi-Fi 스펙트럼 슬라이싱 기술 회사,는 무단 정보 게시에 관한 수정 공시를 발표했습니다. 회사는 2024년 6월 27일, 제3자 평가 보고서에 대한 내부 초안 보도자료가 제3자 웹사이트에 무단으로 게시되었다고 밝혔습니다.
회사는 2024년 8월 15일의 에이본 리버 벤처스 보도자료에 대해 언급하며 최종 평가 보고서를 받지 않았음을 확인했습니다. 엣지워터 무선은 규제 기관과 적극적으로 협력해왔으며, 이해관계자들에게 에이본 리버 보도자료에 제시된 지적 재산 평가 정보를 해석할 때 주의할 것을 촉구하며, 자사의 특허 포트폴리오에 대한 검증된 공개 정보를 바탕으로 신뢰할 것을 권장합니다.
Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF), une entreprise spécialisée dans la technologie de découpage du spectre Wi-Fi, a émis un communiqué correctif concernant une publication non autorisée d'informations. L'entreprise a précisé que le 27 juin 2024, un projet de communiqué de presse interne concernant un rapport d'évaluation d'un tiers a été publié sans autorisation sur un site web tiers.
L'entreprise a abordé le communiqué de Avon River Ventures du 15 août 2024, confirmant qu'elle n'a pas reçu le rapport d'évaluation final. Edgewater Wireless a collaboré de manière proactive avec les régulateurs et exhorte les parties prenantes à faire preuve de prudence lors de l'interprétation des informations sur l'évaluation de la propriété intellectuelle présentées dans le communiqué d'Avon River, recommandant de se fier à des informations vérifiées et accessibles au public concernant leur portefeuille de brevets.
Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF), ein Unternehmen für Wi-Fi-Spektrum-Slicing-Technologie, hat eine korrigierende Mitteilung zu einer unbefugten Veröffentlichung von Informationen herausgegeben. Das Unternehmen stellte klar, dass am 27. Juni 2024 ein interner Entwurf einer Pressemitteilung über einen Bewertungsbericht eines Dritten ohne Genehmigung auf einer Drittanbieter-Website veröffentlicht wurde.
Das Unternehmen ging auf die Pressemitteilung von Avon River Ventures vom 15. August 2024 ein und bestätigte, dass es den endgültigen Bewertungsbericht nicht erhalten hat. Edgewater Wireless hat proaktiv mit den Regulierungsbehörden zusammengearbeitet und fordert die Stakeholder auf, bei der Interpretation der im Avon River-Pressemitteilung präsentierten IP-Bewertungsinformationen Vorsicht walten zu lassen, und empfiehlt, sich auf verifizierte und öffentlich verfügbare Informationen über ihr Patentportfolio zu stützen.
- Proactive engagement with regulators
- Enhanced transparency through corrective disclosure
- Unauthorized publication of internal draft press release
- Final valuation report not received from Avon River Ventures
- Corrective disclosure required by regulators
Edgewater Wireless recognizes the importance of ensuring transparency and accuracy in all communications and proactively engaged with the regulators prior to issuing the August 15, 2024, press release. On June 27, 2024, an internal draft press release titled "Edgewater Wireless Announces Third-Party Valuation Report" was published on a third-party website without authorization. Upon becoming aware of this situation, the Company reviewed the matter thoroughly and is focused on maintaining the confidentiality and integrity of its information.
Edgewater Wireless advises stakeholders to exercise caution when interpreting the information presented in the Avon River news release, particularly the IP valuation. Stakeholders are encouraged to rely on verified and publicly available information regarding the Company’s patent portfolio. The information contained in this press release constitutes Corrective Disclosure as defined in OSC Staff Notice 51-711 (Revised) Refilings and Corrections of Errors, and was requested to be disclosed by staff of the OSC ("Staff") in connection with a Staff review.
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (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, Wi-Fi 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
For more information, visit 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/20250225538245/en/
Edgewater Wireless:
Andrew Skafel, President and CEO
E: andrews@edgewaterwireless.com
Bill Mitoulas, Investor Relations
E: ir@edgewaterwireless.com
T: +1.416.479.9547
Source: Edgewater Wireless Systems Inc.
FAQ
What happened with Edgewater Wireless (KPIFF) unauthorized press release on June 27, 2024?
Has Edgewater Wireless (KPIFF) received the final Avon River Ventures valuation report?
What actions did Edgewater Wireless (KPIFF) take regarding the August 15 press release?
What should KPIFF investors know about the Avon River Ventures valuation?
