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EDGEWATER WIRELESS SY ORD - KPIFF STOCK NEWS

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EDGEWATER WIRELESS SY ORD (symbol: KPIFF) is a leading technology company specializing in innovative wireless solutions. The company is known for its cutting-edge products that revolutionize the wireless communication industry. With a focus on research and development, Edgewater Wireless SY ORD continues to push boundaries and set new standards in the field. Their strong financial position and strategic partnerships position them for continued growth and success in the market.

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Edgewater Wireless (OTC: KPIFF) reported no revenue for Q1 FY 2023, with a net loss of $181,160, an improvement from a loss of $286,445 in Q1 FY 2022. The company emphasizes the resumption of in-person customer engagements in Europe, moving discussions with major Tier 1 providers to implementation phases. New Spectrum Slicing technology addresses challenges introduced by the 6GHz band, potentially saving manufacturers from costly filters. Additionally, Edgewater is exploring IP monetization strategies to accelerate growth.

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Edgewater Wireless Systems Inc. (OTC: KPIFF) has announced its participation in the Cable-Tec Expo 2022, showcasing its innovative Wi-Fi Spectrum Slicing technology. The company will highlight its multi-link silicon solutions targeting the Wi-Fi 7 standard that promise 50% lower latency and a throughput increase of 7 to 18 times, even when used with existing devices. The Expo takes place in Philadelphia, PA, from September 19-22, where Edgewater aims to connect with industry leaders and potential clients.

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Edgewater Wireless Systems, a leader in Wi-Fi Spectrum Slicing technology, will present virtually at the Sequire Semiconductor Conference on September 15, 2022, at 5:00 PM ET. Andrew Skafel, CEO, will showcase the company's innovative multi-channel silicon solution, discussing its advantages over traditional Wi-Fi systems and its place in the emerging Wi-Fi 7 standard. Edgewater's patented technology has shown significant performance improvements, with a recent proof of concept demonstrating gains of 7 to 18 times in homes with high device density.

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Edgewater Wireless Systems Inc. (KPIFF) has successfully closed the first tranche of its non-brokered private placement of unsecured convertible debentures, raising $716,000. The debentures mature in three years and are convertible into company units priced at $0.12 per unit, each comprising one common share and one warrant exercisable at $0.23 for three years. The proceeds will be used for general working capital. The transaction involves participation from three current directors totaling $138,000 and is subject to TSX Venture Exchange approval, alongside a hold period expiring on January 2, 2023.

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Edgewater Wireless (OTC: KPIFF) reported its FY 2022 results, achieving revenues of $11,193 from lab systems and Wi-Fi Spectrum Slicing kits. The company experienced a net loss of $1,057,599, worsening from $773,447 in FY 2021. Edgewater made significant advancements in Wi-Fi technology, proving a 50% latency reduction and 6-12 times throughput gains during a pilot with a major Tier 1 service provider. Collaborations for on-shoring silicon production with CMC Microsystems and access to GlobalFoundries are expected to strengthen its market position.

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Edgewater Wireless Systems (OTC: KPIFF) has announced the retention of Dr. Nima Ahmadvand, a veteran in intellectual property monetization, to enhance their IP monetization strategies. With a strong background in wireless technology and patent portfolio management, Dr. Ahmadvand aims to bolster Edgewater's efforts in IP licensing and technology transfer. This move aligns with the emergence of the WiFi7 standard, potentially accelerating the company's patent monetization initiatives. Edgewater Wireless leads in Spectrum Slicing technology, having secured 26 patents that significantly improve Wi-Fi performance.

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Edgewater Wireless Systems (YFI: TSX.V, OTC: KPIFF) has announced a proposed non-brokered private placement of unsecured convertible debentures to raise up to $1,000,000. The debentures will mature in three years and holders can convert them into units priced at $0.12. Each unit consists of one common share and one warrant, with an exercise price of $0.23 for three years. The proceeds will fund general working capital needs, and the offering is subject to TSXV approval.

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Edgewater Wireless Systems Inc. (OTC: KPIFF) has updated stakeholders on its 2022 Strategic Plan and significant progress in Wi-Fi Spectrum Slicing technology. The company successfully completed a Proof of Concept with a major Tier-1 Service Provider, demonstrating up to 18 times throughput benefit for homes. It is now focusing on next-generation silicon solutions amid industry shifts towards the WiFi7 standard. Edgewater's technology is poised to leverage the market's disruption caused by a competitor's exit from the WiFi6E market, enhancing its competitive position.

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Edgewater Wireless Systems Inc. (OTC: KPIFF) has announced a significant milestone with the grant of U.S. patent number 11,356,308 for its Automatic Gain Control (AGC) in multi-channel communications. This patent enhances its Spectrum Slicing technology, aimed at reducing signal interference in Wi-Fi networks. With over 25 patents, Edgewater aims to leverage its IP portfolio for future growth and increased revenue. This innovation reportedly improves Wi-Fi throughput 7-18 times and reduces latency by 50%, positioning the company as a leader in the wireless hardware market.

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Edgewater Wireless Systems (OTC: KPIFF) has announced the opening of its new headquarters in Kanata, Ontario, effective June 1, 2022. This relocation within Canada’s Largest Technology Park aims to foster innovation and consolidate operations, enabling a collaborative environment for growth initiatives. The company focuses on Wi-Fi Spectrum Slicing technology, designed to enhance service quality and performance. By situating in this technology hub, Edgewater aims to leverage local talent and build advanced laboratory facilities to advance customer engagements.

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FAQ

What is the current stock price of EDGEWATER WIRELESS SY ORD (KPIFF)?

The current stock price of EDGEWATER WIRELESS SY ORD (KPIFF) is $0.0362 as of November 21, 2024.

What is the market cap of EDGEWATER WIRELESS SY ORD (KPIFF)?

The market cap of EDGEWATER WIRELESS SY ORD (KPIFF) is approximately 5.9M.

What does EDGEWATER WIRELESS SY ORD specialize in?

EDGEWATER WIRELESS SY ORD specializes in innovative wireless solutions that revolutionize the wireless communication industry.

What is the symbol for EDGEWATER WIRELESS SY ORD on the stock market?

The symbol for EDGEWATER WIRELESS SY ORD on the stock market is KPIFF.

What sets EDGEWATER WIRELESS SY ORD apart from its competitors?

EDGEWATER WIRELESS SY ORD sets itself apart from competitors through its cutting-edge products, strong financial position, and strategic partnerships.

What is the focus of EDGEWATER WIRELESS SY ORD's research and development efforts?

The focus of EDGEWATER WIRELESS SY ORD's research and development efforts is to push boundaries and set new standards in the wireless communication industry.

How does EDGEWATER WIRELESS SY ORD position itself for growth and success in the market?

EDGEWATER WIRELESS SY ORD positions itself for growth and success in the market through its strong financial position and strategic partnerships.

What can investors expect from EDGEWATER WIRELESS SY ORD in the future?

Investors can expect continued growth and success from EDGEWATER WIRELESS SY ORD as the company continues to innovate and set new standards in the wireless communication industry.

Is EDGEWATER WIRELESS SY ORD a reliable investment option?

EDGEWATER WIRELESS SY ORD is considered a reliable investment option due to its innovative products, strong financial position, and strategic partnerships.

How does EDGEWATER WIRELESS SY ORD contribute to the wireless communication industry?

EDGEWATER WIRELESS SY ORD contributes to the wireless communication industry by introducing cutting-edge products and setting new standards for wireless solutions.

What recent achievements has EDGEWATER WIRELESS SY ORD accomplished?

EDGEWATER WIRELESS SY ORD has recently achieved significant milestones in product development, research, and strategic partnerships, solidifying its position in the market.

How does EDGEWATER WIRELESS SY ORD maintain its competitive edge in the market?

EDGEWATER WIRELESS SY ORD maintains its competitive edge in the market through continuous innovation, research, and strategic collaborations that set it apart from competitors.

EDGEWATER WIRELESS SY ORD

OTC:KPIFF

KPIFF Rankings

KPIFF Stock Data

5.93M
191.54M
2.92%
Communication Equipment
Technology
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United States of America
Kanata