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Edgewater Wireless Reaches Silicon Production Milestone

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Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a leader in Wi-Fi Spectrum Slicing technology, has reached a significant silicon production milestone. The company is shifting to a North American packaging facility, establishing a secure, on-shore supply line for its advanced solutions. This initiative, starting in September 2024, aims to bring engineering samples to market within the calendar year.

Edgewater has also strengthened its IP portfolio with new patent applications and identified a new vertical market for its technology. A successful commercial pilot and LOI with WCS Europe in the IIoT market demonstrates broader appeal for Wi-Fi Spectrum Slicing, with shipments planned for late 2024.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), un leader nella tecnologia di slicing dello spettro Wi-Fi, ha raggiunto un importante . L'azienda si sta trasferendo in una struttura di imballaggio nordamericana, stabilendo una linea di fornitura sicura e interna per le sue soluzioni avanzate. Questa iniziativa, che partirà a settembre 2024, mira a portare campioni ingegneristici sul mercato entro l'anno solare.

Edgewater ha inoltre rafforzato il suo portafoglio di proprietà intellettuale con nuove richieste di brevetto e ha identificato un nuovo mercato verticale per la sua tecnologia. Un pilota commerciale di successo e un LOI con WCS Europe nel mercato IIoT dimostrano l'attrattiva più ampia dello slicing dello spettro Wi-Fi, con spedizioni pianificate per la fine del 2024.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), un líder en la tecnología de división de espectro Wi-Fi, ha alcanzado un hito significativo en la producción de silicio. La empresa se está trasladando a una instalación de empaquetado en América del Norte, estableciendo una línea de suministro segura y local para sus soluciones avanzadas. Esta iniciativa, que comenzará en septiembre de 2024, tiene como objetivo llevar muestras de ingeniería al mercado dentro del año calendario.

Edgewater también ha fortalecido su cartera de propiedad intelectual con nuevas solicitudes de patentes e identificado un nuevo mercado vertical para su tecnología. Un piloto comercial exitoso y un LOI con WCS Europe en el mercado IIoT demuestran un atractivo más amplio para la división de espectro Wi-Fi, con envíos previstos para finales de 2024.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), Wi-Fi 스펙트럼 슬라이싱 기술의 선두주자로서, 실리콘 생산 이정표를 달성했습니다. 회사는 북미 포장 시설로 이전하여, 고급 솔루션을 위한 안전한 내륙 공급망을 구축하고 있습니다. 이 이니셔티브는 2024년 9월에 시작되어, 올해 안에 엔지니어링 샘플을 시장에 출시하는 것을 목표로 하고 있습니다.

Edgewater는 또한 새로운 특허 출원으로 IP 포트폴리오를 강화하고, 기술을 위한 새로운 수직 시장을 식별했습니다. IIoT 시장에서 WCS Europe과의 LOI와 성공적인 상업 파일럿이 Wi-Fi 스펙트럼 슬라이싱의 더 넓은 매력을 보여주며, 2024년 말에 선적이 계획되고 있습니다.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), un leader dans la technologie de découpage de spectre Wi-Fi, a atteint une étape significative dans la production de silicium. L'entreprise se déplace vers une installation d'emballage en Amérique du Nord, établissant une ligne d'approvisionnement sécurisée et locale pour ses solutions avancées. Cette initiative, qui débutera en septembre 2024, vise à commercialiser des échantillons d'ingénierie au cours de l'année.

Edgewater a également renforcé son portefeuille de propriété intellectuelle avec de nouvelles demandes de brevets et identifié un nouveau marché vertical pour sa technologie. Un pilote commercial réussi et un LOI avec WCS Europe sur le marché de l'IIoT démontrent l'attrait plus large du découpage de spectre Wi-Fi, avec des expéditions prévues pour fin 2024.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), ein führendes Unternehmen in der Wi-Fi-Spektrumsteilungstechnologie, hat einen bedeutenden Siliziumproduktionsmeilenstein erreicht. Das Unternehmen verlagert sich zu einer nordamerikanischen Verpackungsanlage und schafft eine sichere, inländische Lieferkette für seine fortschrittlichen Lösungen. Diese Initiative, die im September 2024 beginnt, hat das Ziel, Ingenieurobenmustern noch im Kalenderjahr auf den Markt zu bringen.

Edgewater hat auch sein IP-Portfolio mit neuen Patentanmeldungen gestärkt und einen neuen vertikalen Markt für seine Technologie identifiziert. Ein erfolgreicher kommerzieller Pilot und ein LOI mit WCS Europe im IIoT-Markt zeigen die breitere Anziehungskraft der Wi-Fi-Spektrumsteilung mit geplanten Lieferungen für Ende 2024.

Positive
  • Reached major silicon production milestone
  • Established secure, on-shore supply line in North America
  • Strengthened IP portfolio with new patent applications
  • Identified new vertical market for Wi-Fi Spectrum Slicing solutions
  • Successful commercial pilot and LOI with WCS Europe in IIoT market
  • On track to deliver engineering samples within the calendar year
Negative
  • None.

Silicon ready, Edgewater to commence North American packaging initiative

OTTAWA, Ontario--(BUSINESS WIRE)-- Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential, enterprise and Industrial IoT markets, reaches a major silicon production milestone and commences shift to North American packaging facility.

“Over the last few months, our team has successfully completed numerous critical steps in our silicon production and commercialization efforts. We’ve strengthened our IP portfolio with several new patent applications. We’ve identified a new vertical market for our Wi-Fi Spectrum Slicing solutions,” said Andrew Skafel, President and CEO of Edgewater Wireless Systems Inc. “And, working with our strategic partners, we’ve achieved a major milestone and have created a capital-efficient path for packaging our Wi-Fi Spectrum Slicing solutions in North America.”

Leveraging the broader Canadian silicon ecosystem, the Company has established a secure, on-shore supply line for its advanced Wi-Fi Spectrum Slicing silicon solutions. Initial Canadian packaging efforts will focus on the Company’s advanced Wi-Fi RF Front Ends for use in residential, enterprise and Industrial Internet of Things (“IIoT”) applications globally. Commencing in September 2024, the packaging initiative represents a significant step in bringing engineering samples to market and puts the Company on track to deliver within the calendar year.

The major production milestone dovetails with the successful commercial pilot and recently announced Letter of Intent (“LOI”) with WCS Europe in the IIoT market. Establishing a new market vertical for Wi-Fi Spectrum Slicing, WCS Europe is targeting the European enterprise access point market. Their commercial pilot demonstrates the broader market appeal for Edgewater’s Wi-Fi Spectrum Slicing approach. Shipments are slated to commence in late 2024.

Edgewater’s 2024 audited financial results can be found on SEDAR.

For further information on Wi-Fi Spectrum Slicing, please visit www.edgewaterwireless.com.

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 and multiple pending 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.

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

When will Edgewater Wireless (KPIFF) start its North American packaging initiative?

Edgewater Wireless (KPIFF) will commence its North American packaging initiative in September 2024.

What is the new market vertical for Edgewater Wireless' (KPIFF) Wi-Fi Spectrum Slicing technology?

Edgewater Wireless (KPIFF) has identified the Industrial Internet of Things (IIoT) market as a new vertical for its Wi-Fi Spectrum Slicing technology, as demonstrated by the commercial pilot with WCS Europe.

When are shipments expected to begin for Edgewater Wireless' (KPIFF) Wi-Fi Spectrum Slicing solutions?

Shipments of Edgewater Wireless' (KPIFF) Wi-Fi Spectrum Slicing solutions are slated to commence in late 2024, following the commercial pilot with WCS Europe.

What markets is Edgewater Wireless (KPIFF) targeting with its Wi-Fi Spectrum Slicing technology?

Edgewater Wireless (KPIFF) is targeting residential, enterprise, and Industrial Internet of Things (IIoT) markets globally with its Wi-Fi Spectrum Slicing technology.

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