Article content material

Firm particulars its 2023 development technique and updates on main Tier 1 Service Supplier engagements

OTTAWA, Ontario — Edgewater Wi-fi Programs Inc. (TSXV: YFI) (OTC: KPIFF) (“Edgewater” or the “Firm”), the business chief in Wi-Fi Spectrum Slicing know-how for residential and enterprise markets, is happy to offer a company and operational replace together with its strategic outlook for 2023.

Article content material

“Final 12 months, the worldwide Wi-Fi business at massive lastly acknowledged the elephant within the room – that one channel of Wi-Fi shouldn’t be sufficient!” stated Andrew Skafel, Edgewater President and CEO. “The accelerated shift to WiFi7, and the introduction of its marquee function, MLO (Multi-Hyperlink Operation), marks a robust endorsement of Edgewater’s Spectrum Slicing structure. The adoption of the brand new commonplace, plus the rising refrain of distributors and repair suppliers acknowledging the constraints of legacy single-channel Wi-Fi, is growing the tempo of our industrial engagements with main Tier-1 suppliers and choose OEM/ODMs.”

Article content material

Company Goals for 2023:

Quick-Time period Goals (3-12 Months)

Medium-Time period Goals (12-24 Months)

Lengthy-Time period Goals (24 plus Months)

Trade Recognition of Spectrum Slicing

Multi-Hyperlink Operation (“MLO”) is synonymous with Multi-Channel Wi-Fi. Furthermore, it is usually very intently akin to Twin Channel Wi-Fi, a know-how that Edgewater Wi-fi co-developed with CableLabs years in the past. Twin Channel Wi-Fi was the primary Wi-Fi know-how to leverage the Multi-Channel/Hyperlink capabilities of Spectrum Slicing and present its vital benefits. MLO is the standardization of utilizing a couple of Wi-Fi channel (or hyperlink) to ship knowledge over Wi-Fi to a multi-link succesful system. With this one stroke of standardization, the IEEE and the Wi-Fi business at massive have set the desk for using a couple of channel/hyperlink of Wi-Fi to dominate the Wi-Fi panorama of the longer term. Spectrum Slicing boasts the very best channel density within the business and can proceed to innovate in all accessible Wi-Fi spectrum sooner or later.

Eric Smith, VP of Product for Edgewater Wi-fi, said, “Whereas MLO is an thrilling function for brand spanking new gadgets, the business can not ignore the 20 billion current Wi-Fi gadgets (and rising). Customers are bored with the rip-and-replace mentality and will not be fascinated about changing each legacy system of their house to adapt to newer Wi-Fi requirements which maintain little or no worth to the present system. Confronted with elevated buyer care prices, Service Suppliers with large put in bases are more and more cautious of silicon distributors’ guarantees of large efficiency positive factors. Traditionally, positive factors have didn’t materialize within the common house or enterprise as a consequence of rivalry, interference, and the capabilities of the put in base of gadgets.”

Article content material

Spectrum Slicing Important for Higher Wi-Fi

As confirmed within the large-scale Proof of Idea (“PoC”) and subsequent Pilot with a serious Tier-1 Service Supplier, the advantages of Spectrum Slicing are actual and significant for over 90% of houses. Edgewater’s PoC demonstrated that 75% of right now’s houses would see a throughput profit 7-18 instances larger with Wi-Fi Spectrum Slicing and energized Edgewater’s efforts to drive Spectrum Slicing know-how into the worldwide residential Wi-Fi market.

The Firm’s profitable Pilot, the place real-world take a look at outcomes on its ‘beta’ silicon mirrored the PoC outcomes, delivered:

“Edgewater has benefited from working hand-in-hand with among the greatest gamers within the business, working to know their challenges whereas crafting the most effective product for the residential and enterprise markets,” said Andrew Skafel. “2023 is poised to be an thrilling 12 months for Edgewater, as market dynamics align with our price proposition and an growing variety of distributors and repair suppliers share the shortcomings of legacy, single-channel Wi-Fi architectures.”

For additional data, please go to SEDAR.ca

About Edgewater Wi-fi

We make Wi-Fi. Higher.

Edgewater Wi-fi ( www.edgewaterwireless.com) is the business chief in revolutionary Spectrum Slicing know-how for residential and industrial markets. We develop superior Wi-Fi silicon options, Entry Factors, and IP licensing designed to fulfill the high-density and excessive quality-of-service wants of service suppliers and their clients. With 26 granted patents, Edgewater’s Multi-Channel, Single Radio (MCSR) know-how revolutionizes Wi-Fi, delivering next-generation Wi-Fi right now.

Edgewater’s bodily layer Spectrum Slicing permits a frequency band to be divided, or sliced, to allow extra radios to function in a given space. Consider Spectrum Slicing like transferring from a single-lane highway to a multi-lane freeway — no matter Wi-Fi know-how. The lately accomplished Proof of Idea (PoC) with a serious Tier 1 Service Supplier confirmed 7 to 18 instances efficiency positive factors in 75% of houses surveyed. Apparently, houses with essentially the most gadgets noticed the best enhancements.

Article content material

For extra data, go to www.edgewaterwireless.com.

Ahead-Trying Statements

This information launch incorporates forward-looking statements and forward-looking data inside the which means of relevant securities legal guidelines. The usage of any of the phrases “count on”, “anticipate”, “proceed”, “estimate”, “goal”, “ongoing”, “might”, “will”, “venture”, “ought to”, “consider”, “plans”, “intends” and comparable expressions are meant to establish forward-looking data or statements. Though Edgewater Wi-fi believes that the expectations and assumptions on which such forward-looking statements and knowledge are based mostly are cheap, undue reliance shouldn’t be positioned on the forward-looking statements and knowledge as a result of Edgewater Wi-fi may give no assurance that they may show to be appropriate. By its nature, such forward-looking data is topic to numerous dangers and uncertainties, which might trigger Edgewater Wi-fi’ precise outcomes and expertise to vary materially from the anticipated outcomes or expectations expressed. These dangers and uncertainties, embrace, however will not be restricted to entry to capital markets, market forces, competitors from new and current firms and regulatory circumstances. Readers are cautioned to not place undue reliance on this forward-looking data, which is given as of the date it’s expressed on this information launch or in any other case, and to not use future-oriented data or monetary outlooks for something apart from their meant goal. Edgewater Wi-fi undertakes no obligation to replace publicly or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, besides as required by regulation.

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.

View supply model on businesswire.com: https://www.businesswire.com/information/house/20230207006163/en/

Contacts

Edgewater Wi-fi:
Andrew Skafel, President and CEO
E: andrews@edgewaterwireless.com

Invoice Mitoulas, Investor Relations
E: ir@edgewaterwireless.com
T: +1.416.479.9547

www.edgewaterwireless.com

#distro