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Edgewater Wireless to Nominate Jim Skippen to Board of Directors

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Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a leader in Wi-Fi Spectrum Slicing technology, has announced that Jim Skippen has accepted an invitation to join its Board of Directors, pending shareholder approval at the upcoming Annual General Meeting on September 5, 2024. Skippen, former CEO of WiLAN and a renowned Intellectual Property strategist, brings over 30 years of legal and management experience to Edgewater.

During his 13-year tenure at WiLAN, Skippen transformed the company into a successful patent monetization entity, focusing on unlocking the value of intellectual property through various models. His expertise in building and monetizing cutting-edge technology patent portfolios is expected to be invaluable to Edgewater as it progresses its next phase of product commercialization and licensing.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), leader nella tecnologia Wi-Fi Spectrum Slicing, ha annunciato che Jim Skippen ha accettato un invito a unirsi al suo Consiglio di Amministrazione, in attesa dell'approvazione degli azionisti durante l'Assemblea Annuale del 5 settembre 2024. Skippen, ex CEO di WiLAN e noto stratega della Proprietà Intellettuale, porta con sé oltre 30 anni di esperienza legale e gestionale in Edgewater.

Durante il suo mandato di 13 anni in WiLAN, Skippen ha trasformato l'azienda in un'entità di monetizzazione dei brevetti, concentrandosi sull'apertura del valore della proprietà intellettuale attraverso vari modelli. La sua esperienza nella creazione e monetizzazione di portafogli di brevetti tecnologici all'avanguardia si prevede sarà fondamentale per Edgewater mentre avanza nella prossima fase di commercializzazione e licenza dei prodotti.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), líder en tecnología de Wi-Fi Spectrum Slicing, ha anunciado que Jim Skippen ha aceptado una invitación para unirse a su Junta Directiva, pendiente de la aprobación de los accionistas en la próxima Junta General Anual el 5 de septiembre de 2024. Skippen, ex CEO de WiLAN y renombrado estratega de Propiedad Intelectual, aporta más de 30 años de experiencia legal y de gestión a Edgewater.

Durante sus 13 años en WiLAN, Skippen transformó la empresa en una entidad exitosa de monetización de patentes, enfocándose en desbloquear el valor de la propiedad intelectual a través de varios modelos. Se espera que su experiencia en la construcción y monetización de carteras de patentes de tecnología avanzada sea invaluable para Edgewater a medida que avanza en su próxima fase de comercialización y licenciamiento de productos.

엣지워터 무선 시스템 주식회사 (TSXV: YFI) (OTC: KPIFF)는 Wi-Fi 스펙트럼 슬라이싱 기술의 선두 주자로서 짐 스키펜이 주주 승인에 따라 2024년 9월 5일에 열리는 정기총회에서 이사회를 결성하겠다는 초청을 수락했다고 발표했습니다. 스키펜은 WiLAN의 전 CEO이자 유명한 지식 재산 전략가로, 엣지워터에는 30년 이상의 법률 및 관리 경험을 제공합니다.

WiLAN에서의 13년 재직 기간 동안, 스키펜은 회사를 성공적인 특허 수익화 주체로 변모시켜 다양한 모델을 통해 지식 재산의 가치를 발굴하는 데 집중했습니다. 최첨단 기술 특허 포트폴리오를 구축하고 수익화하는 그의 전문 지식은 엣지워터가 제품 상용화 및 라이선스의 다음 단계로 나아가는 데 매우 중요할 것으로 예상됩니다.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), un leader dans la technologie Wi-Fi Spectrum Slicing, a annoncé que Jim Skippen a accepté une invitation à rejoindre son conseil d'administration, sous réserve de l'approbation des actionnaires lors de l'assemblée générale annuelle prévue le 5 septembre 2024. Skippen, ancien PDG de WiLAN et stratège reconnu en propriété intellectuelle, apporte plus de 30 ans d'expérience légale et managériale à Edgewater.

Au cours de ses 13 années chez WiLAN, Skippen a transformé l'entreprise en une entité de monétisation des brevets, se concentrant sur la valorisation de la propriété intellectuelle à travers divers modèles. Son expertise dans la création et la monétisation de portefeuilles de brevets technologiques de pointe devrait s'avérer inestimable pour Edgewater alors que l'entreprise progresse vers sa prochaine phase de commercialisation et de licence de produits.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), ein führendes Unternehmen im Bereich der Wi-Fi-Spektrumschneidungstechnologie, hat angekündigt, dass Jim Skippen eine Einladung angenommen hat, in den Vorstand einzutreten, vorbehaltlich der Genehmigung der Aktionäre bei der bevorstehenden Hauptversammlung am 5. September 2024. Skippen, ehemaliger CEO von WiLAN und renommierter Strategieberater für geistiges Eigentum, bringt über 30 Jahre juristischer und managementtechnischer Erfahrung in Edgewater ein.

Während seiner 13-jährigen Amtszeit bei WiLAN verwandelte Skippen das Unternehmen in eine erfolgreiche Patentmonetarisierungseinheit und konzentrierte sich darauf, den Wert des geistigen Eigentums durch verschiedene Modelle zu erschließen. Seine Expertise im Aufbau und der Monetarisierung von Portfolios für Spitzentechnologiebraun ist für Edgewater von unschätzbarem Wert, während das Unternehmen in die nächste Phase der Produktvermarktung und Lizenzierung eintritt.

Positive
  • Addition of Jim Skippen, a renowned IP strategist, to the Board of Directors
  • Potential enhancement of Edgewater's patent monetization strategies
  • Possible acceleration of product commercialization and licensing efforts
Negative
  • None.

Jim Skippen, former CEO of WiLAN and one of the world’s leading Intellectual Property strategists, accepts Edgewater’s invitation to join the Board of Directors

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 Jim Skippen has accepted the Company’s invitation to join its Board of Directors pending shareholder approval at the upcoming Annual General Meeting on September 5, 2024.

“We are pleased that Jim Skippen has accepted our invitation to join Edgewater’s Board of Directors during such a critical and exciting time in the Company’s life cycle,” said Andrew Skafel, President and CEO of Edgewater Wireless. “As a respected leader with real-world patent experience and noted market success, Jim’s deep understanding and expertise in building and monetizing cutting-edge technology patent portfolios will be invaluable to Edgewater as we progress our next phase of product commercialization and licensing.”

“Edgewater has an exciting and disruptive approach to Wi-Fi, bringing to market groundbreaking products backed by a rich patent portfolio,” said Jim Skippen. “The global possibilities for this technology are outstanding, and I’m keen to add my experience and energy to Edgewater’s next phase of development to help maximize its potential and take its innovative solutions to the next level. I especially look forward to exploring ways to maximize value to the company of Edgewater’s significant and important patent portfolio.”

Mr. Skippen has over 30 years of legal and management experience. Jim led WiLAN Inc. (Quarterhill Inc.) for 13 years, transforming it into one of the world's most successful patent monetization companies focused on partnering with global technology customers in unlocking the value of intellectual property through various patent monetization models. During his time at WiLAN, Mr. Skippen led numerous growth initiatives, acquiring leading patent technologies in market areas such as capturing, preserving, accessing and transforming data for data centers, mobile and personal devices—many of the acquired patents related to semiconductor processes, packaging and circuit technologies. WiLan was acquired by Owlpoint IP Opportunities JVF I LP, a joint venture between Arena Investors, LP and Owlpoint Capital Management, LLC, in June of 2023.

He is a former board member of the Canadian Diabetes Association, Elmwood School, Ottawa Art Gallery, MPT Technologies Inc., Icron Inc., Solutrea Inc., and ENG2 Inc. Mr. Skippen has spoken at many conferences and made numerous television appearances. He has delivered numerous papers and articles on patent licensing, intellectual property management, governance and technology law. Mr. Skippen has won several awards and in its annual determination of Canada’s top technology executive, Cantech magazine declared Mr. Skippen as Canada’s top public technology company CEO in 2011. For many years, IAM recognized Mr. Skippen as one of the world’s leading Intellectual Property strategists.

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.

Edgewater Wireless:

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

Who is Jim Skippen and why is he joining Edgewater Wireless Systems Inc. (KPIFF)?

Jim Skippen is the former CEO of WiLAN and a leading Intellectual Property strategist. He's joining Edgewater Wireless Systems Inc. (KPIFF) as a Board member to contribute his expertise in building and monetizing technology patent portfolios, which is expected to be valuable for Edgewater's product commercialization and licensing efforts.

When will Jim Skippen officially join the Board of Directors of Edgewater Wireless (KPIFF)?

Jim Skippen's appointment to the Board of Directors of Edgewater Wireless (KPIFF) is pending shareholder approval at the upcoming Annual General Meeting scheduled for September 5, 2024.

What is Edgewater Wireless Systems Inc. (KPIFF) known for in the technology industry?

Edgewater Wireless Systems Inc. (KPIFF) is known as the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets. They are focused on bringing groundbreaking Wi-Fi products to market, backed by a rich patent portfolio.

How might Jim Skippen's experience benefit Edgewater Wireless (KPIFF)?

Jim Skippen's experience in transforming WiLAN into a successful patent monetization company and his expertise in intellectual property management could help Edgewater Wireless (KPIFF) maximize the value of its patent portfolio and accelerate its product commercialization and licensing efforts.

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