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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.
Edgewater Wireless (OTC PINK: KPIFF) announced successful tests of its Spectrum Slicing technology by a major Tier 1 service provider, showcasing significant performance improvements. The tests yielded a 50% reduction in latency and throughput gains of 6-12 times compared to existing Wi-Fi systems. Conducted by an independent organization under real-world conditions, these results validate the technology's effectiveness in both commercial and residential applications, with a noted performance boost in homes with multiple devices.
Edgewater Wireless Systems Inc. (OTC Pink: KPIFF) reported its financial results for the first quarter ending July 31, 2021. The company, focusing on Wi-Fi Spectrum Slicing technology, incurred a net loss of $286,445, up from $181,911 in Q1 2020. Sales and marketing expenses decreased to $36,951, while general and administrative expenses rose to $204,932. Cash and short-term investments stood at $1,053,925. Upcoming initiatives include expanding pilot projects with Tier 1 service providers and forming silicon partnerships to enhance commercialization efforts.
Edgewater Wireless Inc. (TSX.V: YFI, OTC PINK: KPIFF) and CMC Microsystems have signed a Memorandum of Understanding to enhance technology sharing and commercialization of IoT solutions. Edgewater will provide access to its Spectrum Slicing Development Kit, while CMC offers design and validation services. The agreement aims to expedite market entry for Edgewater's technology amidst increasing demand for IoT devices and 5G networks. Both organizations will explore funding opportunities for the Canadian wireless communications sector.
Edgewater Wireless (OTC Pink: KPIFF) announces its audited financial results for the fiscal year ending April 30, 2021. The company recorded a net loss of
Edgewater Wireless Systems Inc. (OTCQB: KPIFF) has achieved significant milestones in the first half of 2021. Their initial Proof of Concept (PoC) with a Tier 1 Service Provider demonstrated performance gains of 7 to 18 times in 75% of homes, highlighting the need for their Spectrum Slicing technology. The company plans to advance to a commercial pilot project and is engaging multiple silicon partnerships to scale production within 18-24 months. Additionally, Edgewater has strengthened its Board and investor relations to enhance communication with stakeholders.
Edgewater Wireless Systems has been selected to join the WBA's Wi-Fi: Powering Innovation Series on July 8, 2021. This webinar will highlight key trends in residential Wi-Fi and the future of IoT technology for smart homes. CEO Andrew Skafel will discuss results from a Proof of Concept with a Tier 1 Service Provider, showing significant performance gains from their Spectrum Slicing technology. With an innovative approach that transforms Wi-Fi capabilities, Edgewater aims to enhance the Connected Home experience.
Edgewater Wireless Systems (YFI: TSX.V, OTCQB: KPIFF) announced the successful passing of all resolutions at its annual general meeting (AGM) on June 16, 2021. Shareholders approved the election of four directors, re-appointment of KMPG LLP as auditors, and the continuation of a rolling stock option plan. Notably, Ralph Garcea, with 22 years' experience in technology and investment, was added to the Board. The Company also granted 1,500,000 incentive stock options at an exercise price of $0.13 per share for eight years, with certain options vesting over twelve months.
Edgewater Wireless Systems Inc. (KPIFF) announced the granting of options to purchase 2,250,000 common shares to its Directors, Officers, employees, and consultants, pending TSX Venture Exchange approval. This marks the first round of incentive options since a two-year hiatus, with the stock options priced at $0.14 per share for eight years. The options will vest in three equal installments; a third will vest immediately, with the remaining two-thirds vesting over the next two years. This initiative is part of Edgewater’s employee retention program.
Edgewater Wireless Systems has successfully completed the final tranches of its non-brokered private placements, raising a total of $2,134,417. The placement included sales of 6,985,752 Units at $0.115 and 10,238,881 Units at $0.13, enabling funding for operating expenses, engineering, and working capital. Each unit consists of one common share and one warrant, allowing purchase of additional shares at $0.23 within 24 months. The securities are subject to a four-month hold period, pending final acceptance by the TSX Venture Exchange.
Edgewater Wireless Systems (KPIFF) has completed the first tranche of its non-brokered private placement, raising $1,258,555 through the issuance of 9,681,189 units. Each unit consists of one common share and a warrant exercisable at $0.23 for 24 months. The proceeds will support operating expenses, product development, and working capital. A second tranche is expected to close in mid-April for around $88,000. The offering includes related party transactions that comply with TSX Policy exemptions.
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