Edgewater Wireless Secures Backing of Renowned Incubator + Accelerator Silicon Catalyst
Edgewater Wireless Systems (TSXV: YFI, OTC: KPIFF) has been selected to join Silicon Catalyst's Semiconductor Incubator + Accelerator program. As one of six new companies admitted, Edgewater gains access to over 350 industry advisors and up to US$3M in in-kind services. The 24-month program will help accelerate the company's transition from prototype to production of their Wi-Fi Spectrum Slicing technology.
Silicon Catalyst will receive a Board Advisor position and 18,812,639 warrants at $0.05 per share with a 5-year term. Edgewater's Spectrum Slicing technology enables multiple concurrent channels within a coverage area, delivering 50% lower latency and 7-18x performance gains over traditional Wi-Fi, while maintaining compatibility with existing devices.
Edgewater Wireless Systems (TSXV: YFI, OTC: KPIFF) è stata selezionata per unirsi al programma di Incubazione + Accelerazione di Silicon Catalyst nel settore dei semiconduttori. Come una delle sei nuove aziende ammesse, Edgewater ha accesso a oltre 350 consulenti del settore e fino a 3 milioni di dollari in servizi non monetari. Il programma di 24 mesi aiuterà a velocizzare la transizione dell'azienda dal prototipo alla produzione della loro tecnologia di Wi-Fi Spectrum Slicing.
Silicon Catalyst riceverà una posizione di Consigliere del Consiglio e 18.812.639 warrant a 0,05 dollari per azione con un termine di 5 anni. La tecnologia Spectrum Slicing di Edgewater consente di avere più canali simultanei all'interno di un'area di copertura, offrendo una latenza inferiore del 50% e guadagni prestazionali da 7 a 18 volte rispetto al Wi-Fi tradizionale, mantenendo la compatibilità con i dispositivi esistenti.
Edgewater Wireless Systems (TSXV: YFI, OTC: KPIFF) ha sido seleccionado para unirse al programa de Incubadora + Aceleradora de Silicon Catalyst en el sector de semiconductores. Como una de las seis nuevas empresas admitidas, Edgewater tiene acceso a más de 350 asesores de la industria y hasta 3 millones de dólares en servicios no monetarios. El programa de 24 meses ayudará a acelerar la transición de la empresa de prototipo a producción de su tecnología de Wi-Fi Spectrum Slicing.
Silicon Catalyst recibirá un puesto como Asesor del Consejo y 18,812,639 warrants a 0.05 dólares por acción con un plazo de 5 años. La tecnología Spectrum Slicing de Edgewater permite múltiples canales concurrentes dentro de un área de cobertura, ofreciendo una latencia un 50% menor y mejoras en el rendimiento de 7 a 18 veces en comparación con el Wi-Fi tradicional, mientras se mantiene la compatibilidad con dispositivos existentes.
엣지워터 무선 시스템즈 (TSXV: YFI, OTC: KPIFF)는 실리콘 카탈리스트의 반도체 인큐베이터 + 액셀러레이터 프로그램에 참여하도록 선정되었습니다. 여섯 개의 신생 기업 중 하나로 선정된 엣지워터는 350명 이상의 산업 자문가와 최대 300만 달러의 현물 서비스를 이용할 수 있게 되었습니다. 24개월 프로그램은 회사가 와이파이 스펙트럼 슬라이싱 기술의 프로토타입에서 생산으로 전환하는 데 도움을 줄 것입니다.
실리콘 카탈리스트는 이사회 자문직과 1,881만2639개의 워런트를 주당 0.05 달러로 5년 기간 동안 받을 것입니다. 엣지워터의 스펙트럼 슬라이싱 기술은 커버리지 영역 내에서 여러 개의 동시 채널을 가능하게 하여 전통적인 와이파이에 비해 50% 낮은 대기 시간과 7배에서 18배로 성능 향상을 제공하며, 기존 장치와의 호환성을 유지합니다.
Edgewater Wireless Systems (TSXV: YFI, OTC: KPIFF) a été sélectionné pour rejoindre le programme d'Incubateur + Accélérateur de Silicon Catalyst dans le secteur des semi-conducteurs. En tant qu'une des six nouvelles entreprises admises, Edgewater bénéficie d'un accès à plus de 350 conseillers de l'industrie et jusqu'à 3 millions de dollars en services en nature. Ce programme de 24 mois aidera à accélérer la transition de l'entreprise de prototype à production de sa technologie de Wi-Fi Spectrum Slicing.
Silicon Catalyst recevra un poste de Conseiller au Conseil et 18 812 639 bons de souscription à 0,05 dollar par action avec un terme de 5 ans. La technologie Spectrum Slicing d'Edgewater permet plusieurs canaux simultanés à l'intérieur d'une zone de couverture, offrant une latence inférieure de 50 % et des gains de performance de 7 à 18 fois par rapport au Wi-Fi traditionnel, tout en maintenant la compatibilité avec les appareils existants.
Edgewater Wireless Systems (TSXV: YFI, OTC: KPIFF) wurde ausgewählt, um dem Programm "Semiconductor Incubator + Accelerator" von Silicon Catalyst beizutreten. Als eines von sechs neu aufgenommenen Unternehmen erhält Edgewater Zugang zu über 350 Branchenberatern und bis zu 3 Millionen US-Dollar an Sachleistungen. Das 24-monatige Programm wird helfen, den Übergang des Unternehmens von Prototypen zur Produktion ihrer Wi-Fi Spectrum Slicing-Technologie zu beschleunigen.
Silicon Catalyst erhält eine Position als Board Advisor und 18.812.639 Warrants zu je 0,05 Dollar mit einer Laufzeit von 5 Jahren. Die Spectrum Slicing-Technologie von Edgewater ermöglicht mehrere gleichzeitige Kanäle innerhalb eines Abdeckungsbereichs und bietet eine um 50% niedrigere Latenz und 7- bis 18-fache Leistungssteigerungen im Vergleich zu herkömmlichem Wi-Fi, während die Kompatibilität mit bestehenden Geräten aufrechterhalten wird.
- Selected for prestigious Silicon Catalyst accelerator program, providing access to US$3M worth of in-kind services
- Technology demonstrates 50% lower latency and 7-18x performance gains over traditional Wi-Fi
- Solution maintains compatibility with 20+ Billion existing Wi-Fi devices
- Warrant issuance of 18,812,639 shares at $0.05 may lead to potential dilution
- Still in prototype phase, requiring transition to production
Joining Highly Acclaimed Program, Edgewater Gains Access to Board Advisor, Industry Mentors and Essential Cost-Saving Ecosystem of In-Kind Silicon Partners
Joining Silicon Catalyst represents a pivotal moment for Edgewater Wireless. Engaging with over 1,200 semiconductor startups worldwide, Silicon Catalyst has admitted only 100 companies to their 24-month customized incubation and acceleration program since 2015. Edgewater is honoured to be selected as one of the six incoming companies.
“We are thrilled to have been selected to join the Silicon Catalyst program. Their established network of in-kind partnerships and deep industry expertise will dramatically reduce the cost of bringing our next-generation chips to market,” said Andrew Skafel, President and CEO of Edgewater Wireless. “With the backing of Silicon Catalyst, we can accelerate our transition from prototype to production while leveraging their deep semiconductor industry expertise.”
Guided closely by a Silicon Catalyst partner, and accessing a network of over 350 industry advisors, the accelerator’s ecosystem provides everything early-stage semiconductor companies need to design, fabricate, and market semiconductor solutions. Most critically, Silicon Catalyst-backed companies can tap in excess of
Edgewater is eager to leverage this opportunity to accelerate and de-risk the company’s move to production of next-generation Wi-Fi Spectrum Slicing powered chips.
Concurrent with Edgewater’s admission to the program, Silicon Catalyst will be granted a Board Advisor position and receive 18,812,639 warrants. Each warrant (a “Warrant”) entitles the holder to purchase one Common Share of the Company (a “Warrant Share”) at a price of
“By enabling such a dramatic shift in Wi-Fi capabilities, Edgewater and its highly-differentiated Spectrum Slicing technology are poised to disrupt the global wireless industry,” said Nick Kepler, Chief Operating Officer of Silicon Catalyst. “We’re thrilled to welcome Edgewater and bring to bear our established network to grow their market and accelerate their transition to production of transformative and visionary products. We’re thrilled to welcome Edgewater and bring to bear our established network to grow their market and accelerate their transition to production of transformative, visionary products.”
Edgewater’s highly differentiated Wi-Fi Spectrum Slicing approach is the first technology to enable multiple, in-band concurrent links (or channels) within a given coverage area using standards-compliant Wi-Fi. Using advanced signal processing techniques, Spectrum Slicing is proven to deliver dramatically lower latency (
With Edgewater’s standards-leading Wi-Fi Spectrum Slicing, Service Providers and vendors are no longer forced to replace all existing devices, such as WiFi4/5/6, on the network to benefit from the evolving Wi-Fi 7 standard. In other words, the 20+ Billion existing Wi-Fi devices, such as TVs, smartphones and gaming consoles, do not need to be replaced to realize the gains associated with Spectrum Slicing plus the newest devices to benefit from the latest WiFi7 standard.
About Silicon Catalyst
Silicon Catalyst is the world’s only incubator focused exclusively on accelerating semiconductor solutions, built on a comprehensive coalition of in-kind and strategic partners to dramatically reduce the cost and complexity of development. More than 800 startup companies worldwide have engaged with Silicon Catalyst and the company has admitted 90 exciting companies. With a world-class network of mentors to advise startups, Silicon Catalyst is helping new semiconductor companies address the challenges in moving from idea to realization. The incubator/accelerator supplies startups with access to design tools, silicon devices, networking, and a path to funding, banking and marketing acumen to successfully launch and grow their companies’ novel technology solutions. Over the past seven-plus years, the Silicon Catalyst model has proven to dramatically accelerate a startup’s trajectory while at the same time de-risking the equation for investors. Silicon Catalyst has been named the Semiconductor Review’s 2021 Top-10 Solutions Company award winner. More information is available at www.siliconcatalyst.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 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
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. Edgewater cannot guarantee that the Silicon Catalyst program will accelerate the company’s transition to production, that costs of such transition will be reduced or that funding opportunities will be made available. By its nature, 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/20241112658668/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
Source: Edgewater Wireless Systems Inc.
FAQ
What benefits does Edgewater Wireless (KPIFF) receive from joining Silicon Catalyst?
What performance improvements does Edgewater Wireless (KPIFF) Spectrum Slicing technology offer?
What compensation does Silicon Catalyst receive for accepting Edgewater Wireless (KPIFF)?
