February 11, 2020 – Ottawa, Canada – Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and commercial markets held an Investor Update broadcast on Monday, February 10, 2020.
Key highlights from the call and presentation:
New AERA™ Access Point pricing and product comparison available;
Dramatic increase in Wi-Fi enabled devices with 3B added over the last 12-months 1 according to the Wireless Broadband Alliance (WBA);
Identified growth path in the $12.9B Residential market2 with continued progress in a large-scale gateway tender and in the $5.8B Enterprise market3 following successful expansion by Tier 1 Service Provider;
Plans to increase investment in a move to lower-cost, higher volume chip production — a strategic milestone for the company
“With the recent industry developments in the release of Wi-Fi6 products and the increasing focus on Wi-Fi density, our key messages of Wi-Fi Spectrum Slicing are resonating.
Commercial opportunities for our cost-effective AERA™ Access Point products and silicon solutions are opening up,” said Andrew Skafel, President and CEO. “Increased investment in lower-cost, higher volume chip production is a strategic milestone which will garner the attention of major semiconductor and equipment manufacturing companies.”
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Wi-Fi Spectrum Slicing technology for residential and commercial markets. We deliver advanced 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.
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.
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1 Monica Paolini, WBA Annual Industry Report 2019, Wireless Broadband Alliance (Source: https://www.wballiance.com/resource/wba-annual-industry-report-2019/) [October 2018] 2 Source: https://www.prnewswire.com/news-releases/home-wi-fi-router-and-extender-market-to-be-worth-us-129569-mn-by-2026-transparency-market-research-681596821.html 3 Source: IDC Worldwide Quarterly WLAN Tracker updates (https://www.idc.com/getdoc.jsp?containerId=prUS44264918)
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