EDGEWATER WIRELESS SY ORD - KPIFF STOCK NEWS

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.

Edgewater Wireless Systems Inc. (OTC: KPIFF) announces an upcoming interview with Radius Research featuring President & CEO Andrew Skafel. The discussion will focus on the Company's innovative Spectrum Slicing technology, proven effective in pilot projects with Tier 1 service providers. The technology showcases significant performance improvements, with gains between 7 to 18 times reported in homes with many devices. The live webinar is scheduled for May 19 at 4:15 PM ET, allowing real-time Q&A for attendees.

Edgewater Wireless Systems Inc. (OTC: KPIFF) has announced a Notice of Allowance from the USPTO for its patent on Automatic Gain Control (AGC) in multichannel communication systems. This new intellectual property enhances its Spectrum Slicing technology across various wireless standards, including WiFi6/6E/7 and 4G/5G. With over 25 granted patents, Edgewater’s expanding portfolio solidifies its leadership in the multi-channel Wi-Fi market and supports future growth strategies. The advancements are expected to improve channel density and reduce latency significantly.

Edgewater Wireless Systems (OTC: KPIFF) has announced a strategic partnership with CMC Microsystems, aimed at enhancing their Wi-Fi Spectrum Slicing technology through on-shore production. This collaboration provides Edgewater access to GlobalFoundries, a leading semiconductor manufacturer in North America, enabling rapid wafer fabrication. CEO Andrew Skafel emphasized the significance of this partnership in reinforcing Edgewater's commitment to North American manufacturing. The initiative is expected to lead to quicker production times and reduced risks before scaling to volume production.

Edgewater Wireless Systems (OTC: KPIFF) reported its Q3 2022 results, ending January 31, 2022. The company completed a successful pilot project with a Tier 1 Service Provider, showcasing its Spectrum Slicing technology that delivered a 50% latency improvement and throughput gains of 6 to 12 times for residential applications. Despite this progress, the company faced a net loss of $279,987, up from a loss of $132,056 in Q3 2021. Looking forward, Edgewater aims to leverage the Canadian government's $240 million investment in the semiconductor sector to enhance its operational capabilities.

Edgewater Wireless Systems Inc. (OTC: KPIFF) commends the Canadian government's announcement of a $240 million investment in the semiconductor sector. The funds aim to enhance Canada's capabilities in semiconductor development, with $150 million allocated through the Strategic Innovation Fund and $90 million for the Canadian Photonics Fabrication Centre. Edgewater, recognized for its Wi-Fi Spectrum Slicing technology, positions itself strongly in this evolving landscape, emphasizing its innovation and growth potential as Canada seeks to establish itself as a global semiconductor leader.

Edgewater Wireless Systems (OTC: KPIFF) is advancing its initiatives to on-shore silicon development for next-generation Wi-Fi Spectrum Slicing technology. This move aims to enhance control over silicon supply lines and improve quality assurance, aligning with North American manufacturing efforts. The company expects to create more jobs in Canada and the U.S., ultimately bringing its technology to the forefront of domestic chip production. The strategic focus on quality and supply certainty is set to streamline production processes.

Edgewater Wireless Systems (OTC Pink: KPIFF) announced its 2022 growth strategy, emphasizing the demand for its patented Spectrum Slicing technology in the wake of increased Wi-Fi usage. Following a successful pilot with a Tier 1 service provider, the company aims to expand its partnerships and sales operations.

The ongoing global semiconductor shortage presents challenges, yet it also provides growth opportunities for Edgewater. The firm plans to focus on partnerships, commercial pilots, and proof of concept expansions to cement its position in the industry.

Edgewater Wireless Systems Inc. (OTC: KPIFF) has announced its financial results for Q2 2022, ending October 31, 2021. The company reported a revenue of $4,100 from Wi-Fi Spectrum Slicing solutions, marking significant growth from $0 in Q2 2021. Gross margin stood at 87.8%, and net loss increased to $280,738 compared to $188,620 in the previous year due to intensified pilot testing and silicon production activities. The company is pivoting towards commercialization and expanding partnerships to enhance its market presence.