Edgewater Wireless Provides Operational and Corporate Update
Edgewater Wireless Systems Inc. (YFI: TSX.V) (OTCQB: KPIFF), the industry leader in Wi-Fi Spectrum (News - Alert) Slicing technology for residential and enterprise markets, is pleased to provide an operational and corporate update related to some notable milestones achieved in the first half of 2021.
First Proof of Concept Completed, More in Pipeline
"The results of our first PoC have been reviewed by other Tier 1 Service Providers and potential industry partners who have shown a strong and genuine interest in understanding the benefits of Spectrum Slicing on their networks and products. We look forward to adding additional PoC's with new Service Providers", stated Andrew Skafel, President and CEO of Edgewater.
Commercial Pilot Project
"On the commercial side, the first PoC results, which have recently been shared by the Tier 1 Service Provider in a closed industry forum, and further highlighted at a recent industry event, have generated significant in-bound service provider and large enterprise interest. We are building and capturing strong momentum in proving that Spectrum Slicing can benefit 75% of homes (or businesses) with other Service Providers, generating demand for our silicon and the licensing of our IP. As service providers continue to search for better Wi-Fi, we believe Edgewater's Spectrum Slicing technology is well-positioned to deliver next-generation performance", stated Brian Imrie, Chairman of Edgewater.
Global Silicon Production Dynamics
Silicon Partnerships and Alliances
The event was hosted by the Wireless Broadband Alliance (WBA), a global organization of some of the world's largest broadband and mobile providers and related tech companies, including Cisco, Microsoft, Google (News - Alert) and Intel. The organization was founded in 2003 to resolve business issues and enable collaborative opportunities for service providers, enterprises and cities, enabling them to enhance the customer experience of Wi-Fi and significant adjacent technologies.
Board of Directors and Investor Relations Additions
About Edgewater Wireless
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. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the most significant improvements.
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