Edgewater Expands into Licensing of Breakthrough IP

5 Sep 2019

OTTAWA, Canada--(BUSINESS WIRE)--Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and commercial markets, today announced the launch of its Licensing program including access to its breakthrough IP and expertise.

With over 3-billion Wi-Fi enabled devices1 added over the last 12-months, and ever more Wi-Fi enabled entertainment and IoT devices emerging in the residential market, the demand for Wi-Fi device airtime is growing at a frantic pace. As an established innovator in high-density Wi-Fi applications, Edgewater’s groundbreaking technology is poised to enable similar leaps in the ever densifying home market by licensing Wi-Fi Spectrum Slicing to established chip vendors with massive residential market share.

Edgewater’s patented approach and expertise will enable silicon manufacturers to implement Wi-Fi Spectrum Slicing on their platforms, dramatically reducing time to market for the next phase of residential Wi-Fi innovation -- high-density capacity management.

“With the emergence of applications like CableLabs’ Dual Channel Wi-Fi™ standard and the enormous growth in Wi-Fi enabled devices, demand for Edgewater’s Wi-Fi Spectrum Slicing technology has been growing,” said Andrew Skafel, President and CEO of Edgewater Wireless. “Licensing our valuable IP and expertise provides a scalable platform for growth and maximizes shareholder returns with a high-margin line of business which adds to our other high growth lines of business in both the OEM and Solutions markets.”

The multi-year investments required for silicon-based innovation can be significantly reduced by leveraging Edgewater’s breakthrough IP and expertise.

“Long term licensing partnerships will allow Wi-Fi Spectrum Slicing to become the ubiquitous silicon solution for all markets, and accelerate time to market in an environment where the density of clients is currently outpacing legacy single-channel Wi-Fi technology,” said Eric Smith, VP of Product for Edgewater Wireless. “Moreover, revenue produced from licensing our current technology provides a firm base from which Edgewater will continue to innovate.”

Edgewater will be demonstrating the latest Wi-Fi Spectrum Slicing technology at the upcoming WBA Global Congress in Frankfurt from September 30, 2019 to October 3, 2019. For more details, click here.

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. A disruptive, next-generation approach to wireless, Wi-Fi Spectrum Slicing optimizes scarce spectrum to deliver demanding applications like video, gaming, and voice applications as the highest quality-of-service possible.

Backed by 24+ patents, we deliver high-performance MCSR™ silicon, advanced MCSR™ powered Access Points and Intellectual Property (IP) licensing to OEM and ODMs; service providers; and silicon manufacturers.

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.


1 Wireless Broadband Alliance Infographic (https://www.wballiance.com/wp-content/uploads/2018/09/Infographic-Wide-Version.pdf)