EDGEWATER WIRELESS SY ORD - KPIFF STOCK NEWS

Edgewater Wireless Systems Inc. (OTC: KPIFF) will preview its next-generation WiFi7 solutions at the Wireless Global Congress 2022 in Amsterdam from October 17-20. The company focuses on its multi-link silicon solutions, which promise lower latency (50% less) and significantly increased throughput (7 to 18 times) compared to traditional Wi-Fi systems. Their patented Spectrum Slicing technology aims to enhance residential Wi-Fi applications while allowing existing devices to continue working without upgrades, potentially reducing costs for service providers.

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.

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.

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.

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.

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.

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.

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.

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.