Edgewater Wireless Sys Inc - KPIFF STOCK NEWS

Edgewater Wireless receives strong demand for engineering samples of its MLX 488 WiFi7 Spectrum Slicing platform from Tier-1 service providers and OEMs, indicating growing demand for its next-generation solutions. Delivery targeted in Q2 2024. Features include dynamic channel width selection, Multi-flex MLO, Intelligent Channel Association, and standard WiFi7 features. Spectrum Slicing allows for improved performance without replacing existing devices. Anticipated growth supported by capital, alliances, government programs, and market penetration of Wi-Fi 7 product line.

Edgewater Wireless Systems Inc. (OTC: KPIFF) announces a new patent application to the U.S. Patent and Trademark Office titled “Method and Apparatus for In-band Multi-channel Determination and Utilization.” This innovation strengthens the company's leadership in multi-link Wi-Fi technology, particularly in the rapidly advancing WiFi7 standard.

The patent aims to enhance Wi-Fi performance by reducing latency and increasing throughput. With 26 granted patents, Edgewater's Spectrum Slicing technology allows multiple channels to operate simultaneously, addressing congestion and interference challenges in residential and enterprise markets.

According to CEO Andrew Skafel, this development reflects the company’s commitment to innovation, which is vital for unlocking shareholder value in a market with over 20 billion Wi-Fi devices.

Edgewater Wireless Systems Inc. announces its financial and operational results for the Second Quarter ending January 31, 2023.

Edgewater Wireless (OTC: KPIFF, TSXV: YFI) announced a webinar featuring CEO Andrew Skafel, discussing the results of a year-long study on home Wi-Fi performance and increasing channel density. The research highlights that Wi-Fi, which manages 95% of mobile device traffic, suffers from performance issues that lead to significant customer service calls. Edgewater’s innovative Spectrum Slicing technology, capable of enhancing physical channel capacity, has shown performance gains of 7 to 18 times in a pilot with a Tier 1 service provider. The webinar is scheduled for March 7, 2023, at 11:00 AM ET.

Edgewater Wireless Systems Inc. (OTC: KPIFF) has outlined its strategic growth plan for 2023, focusing on the adoption of its Wi-Fi Spectrum Slicing technology. As demand for Wi-Fi7 and its Multi-Link Operation feature increases, the company aims to enhance commercial engagements with Tier-1 service providers and launch new products. Key objectives include establishing Spectrum Slicing as essential technology and exploring IP licensing and M&A opportunities. A recent pilot study demonstrated significant performance gains, with homes experiencing latency improvements and higher efficiency. Edgewater remains committed to addressing the limitations of legacy Wi-Fi systems.

Edgewater Wireless Systems announced significant advancements in its Wi-Fi Spectrum Slicing technology, highlighting its capability to improve Wi-Fi performance by 7 to 18 times compared to traditional single-channel systems. CEO Andrew Skafel detailed the upcoming launch of the Wi-Fi 7 Spectrum Slicing platform and its integration with a major Tier 1 operator's residential gateways. The recently completed Proof of Concept showed notable performance gains, particularly in homes with multiple devices, demonstrating the technology's potential to enhance user experience in high-demand environments.

Edgewater Wireless Systems Inc. (OTC: KPIFF) reported its Q2 FY 2023 results with revenues of $1,795 and a reduced net loss of $266,028 compared to $280,738 in Q2 FY 2022. The company is actively engaging with Tier 1 service providers to address challenges in residential Wi-Fi, emphasizing the need for improved performance with Spectrum Slicing technology. Notably, the firm issued $716,000 in convertible debentures at a 10% annual interest rate. The recent resumption of in-person industry events has fostered business development across North America and Europe, highlighting a shift toward WiFi7 standards.