EDGEWATER WIRELESS SY ORD - KPIFF STOCK NEWS

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 $773,400, a significant improvement from $2,038,000 in 2020, thanks to effective cost control measures. The cash position remains strong at $1,488,000. The company successfully completed a proof of concept with a major Tier 1 service provider and plans to expand its pipeline of partnerships while enhancing investor relations efforts.

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.

Edgewater Wireless Systems (KPIFF) has successfully closed the first tranche of its non-brokered private placement, raising $726,387 by issuing 6,316,405 units. Each unit comprises one common share and one warrant, allowing purchase at $0.23 over 24 months. The second tranche is expected to close on April 1, 2021, aiming for approximately $75,000. Additionally, the company plans to increase its Secondary Offering from 10,153,847 to up to 11,000,000 units, targeting $1,430,000. Funds will primarily support operating expenses, engineering, product development, and working capital.

Edgewater Wireless Systems Inc. (YFI: TSX.V, OTCQB: KPIFF) announces the full subscription of its initial non-brokered private placement, leading to a second offering of up to 9,230,770 units for total proceeds of $1,200,000. The new units will be priced at $0.13 each, with warrants at $0.23, and available to existing shareholders under certain exemptions. Proceeds will support operating expenses, product development, and working capital. The offering is subject to TSXV approval and includes a provision for additional units if demand exceeds expectations.