Edgewater Wireless to Add New Board Member
Edgewater Wireless Systems Inc. (TSX.V: YFI) has invited Ralph Garcea to join its Board of Directors, pending shareholder approval at the upcoming AGM on June 16, 2021. Garcea has over 22 years of experience in technology investment analysis and is a managing partner at Focus Merchant Group. Additionally, Edgewater has engaged Venture North Capital for investor relations services, with a consulting agreement worth CAD $6,500 per month. This follows a successful proof of concept showing performance gains of 7 to 18 times for Spectrum Slicing technology, aiming to enhance market growth.
- Ralph Garcea's extensive experience in technology investment analysis may provide valuable insights and guidance for company strategy.
- Engagement with Venture North Capital for investor relations might broaden market awareness and attract investment.
- The continued reliance on external investor relations may raise concerns about internal capabilities to manage investor communications.
Edgewater Wireless Systems Inc. (TSX.V: YFI) (OTCQB: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce that Ralph Garcea has accepted the Company’s invitation to join its Board of Directors pending shareholder approval at the upcoming AGM on June 16, 2021.
With more than 22-years of experience in senior positions at major and boutique investment dealers in the US and Canada, Mr. Garcea was a top-ranked research analyst specializing in technology, gaming and industrial companies. Mr. Garcea is the managing partner and co-founder of Focus Merchant Group, a boutique advisory firm offering a full range of financial advisory services. He currently serves as a Director on the board of TSX-listed Converge Technology Solutions Corp. (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF).
“We are pleased that Ralph Garcea has accepted our invitation to be nominated as a candidate for a Board position,” said Andrew Skafel, President and CEO of Edgewater Wireless. “As a well-regarded technology analyst with deep roots in growing technology companies, we believe his expertise and counsel will be invaluable for the company.”
Spectrum Slicing
Edgewater’s physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway — regardless of Wi-Fi technology. A recent Proof of Concept showed Spectrum Slicing delivering 7 to 18 times performance gains in
Investor Relations Engagement
Edgewater also announces that it has retained Venture North Capital Inc. ("Venture North") for strategic marketing, investor relations and capital markets communications services. Venture North will arrange and attend meetings with professional investors, maintain ongoing contact and broaden relationships with the professional investment community on Edgewater's behalf.
The Company and Venture North have entered into a consulting agreement for an initial term of three months, after which it will continue on a monthly basis until terminated by either party. In consideration of its services, the Company will pay Venture North CAD
"Building on the success of our recent PoC, our team at Edgewater has been focused on commercial engagements with Tier 1 customers and building silicon partnerships to bring Spectrum Slicing to market. We’re positioning the company to execute on our growth strategy,” said Brian Imrie, Chair of Edgewater Wireless. "We are happy to have engaged with a seasoned investor relations group to tell our unique story to the market.”
About Edgewater Wireless
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi silicon solutions, Access Points, and IP licensing designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 24+ patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.
We make Wi-Fi. Better.
For more information, visit www.edgewaterwireless.com or www.aera.io.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
1 For further information, see: https://www.totaltele.com/508844/Edgewater-Major-Service-Provider-completes-Proof-of-Concept-demonstrating-outstanding-results
View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005971/en/
FAQ
What is the significance of Ralph Garcea joining Edgewater Wireless' Board of Directors?
What services will Venture North Capital provide to Edgewater Wireless?
What are the expected benefits of Spectrum Slicing technology?
When is the AGM for Edgewater Wireless where Garcea's appointment will be approved?
