Edgewater Wireless Selected to Join the Alliance of Semiconductor Innovation Canada (ASIC)

Rhea-AI Summary

Edgewater Wireless Systems Inc. (KPIFF) has partnered with the Alliance of Semiconductor Innovation Canada (ASIC) to enhance the Canadian semiconductor ecosystem. ASIC aims to strengthen the semiconductor industry in Canada through collaboration with key industry players.

Through strategic collaboration and effective partnerships, the Alliance of Semiconductor Innovation Canada and Edgewater aim to propel the growth and innovation of the Canadian semiconductor ecosystem.

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 that it has joined the Alliance of Semiconductor Innovation Canada (‘ASIC’), an organization dedicated to promoting the Canadian semiconductor ecosystem.

ASIC’s vision is to strengthen and expand the Canadian semiconductor ecosystem in existing clusters of excellence (high-speed data communication/AI computing acceleration/compound semiconductor fabrication and design in wireless, power, and photonics/MEMS/packaging).

ASIC is committed to fostering a strong and thriving semiconductor ecosystem in Canada, with the primary goal of operating in the Canadian public’s best interest and adhering to the highest governance standards. The Alliance’s membership is comprised of public and private organizations, including thought leaders from industry, academia, government, and non-governmental institutions who are instrumental in Canada’s semiconductor ecosystem.

“Our team at Edgewater Wireless is delighted to have been invited to join the Alliance of Semiconductor Innovation Canada — ASIC, whose members hold key leadership positions in the growing on-shore semiconductor industry. This is a pivotal moment for Canadian industry to secure a place in the global supply chain,” said Andrew Skafel, President and CEO of Edgewater Wireless. “The ASIC alliance provides a platform for companies like ours to grow our ecosystem of on-shore partnerships and alliances — helping us grow and secure our on-shore production ecosystem.”

About the Alliance of Semiconductor Innovation Canada (ASIC):

Founded in 2021, our organization promotes the Canadian semiconductor ecosystem. As an independent and impartial entity, our purpose is the advancement of the Canadian semiconductor industry. Through strategic collaboration and effective partnerships, the Alliance of Semiconductor Innovation Canada aims to propel the growth and innovation of the Canadian semiconductor ecosystem.

For more information, visit: https://semiconductoralliance.ca

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240229531503/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 is the ticker symbol for Edgewater Wireless Systems Inc.?

The ticker symbol for Edgewater Wireless Systems Inc. is KPIFF.

What is the purpose of the partnership between Edgewater Wireless Systems Inc. and the Alliance of Semiconductor Innovation Canada?

The partnership aims to drive growth and innovation in the Canadian semiconductor ecosystem.

Who is the President and CEO of Edgewater Wireless Systems Inc.?

Andrew Skafel is the President and CEO of Edgewater Wireless Systems Inc.

What is the focus of the Alliance of Semiconductor Innovation Canada?

The Alliance focuses on promoting the Canadian semiconductor ecosystem and strengthening industry partnerships.