Edgewater Wireless Announces Third Quarter 2023 Financial Results
Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce its financial and operational results for the Second Quarter ending January 31, 2023, which are available on SEDAR (www.SEDAR.com).
"We're delighted by the interest and feedback from our recent webinar with our Tier 1 partner Liberty Global. Sharing the results of arguably one of the most extensive studies into home Wi-Fi performance captured the attention and interest of hundreds of attendees - from service providers to vendors to regulators and even competitors. And further validated the global opportunity for Spectrum Slicing in the home," said Andrew Skafel, President and CEO of Edgewater Wireless. "We have captured the attention of the global Wi-Fi industry - a market forecasted to reach $51.81 billion by 20301. Spectrum Slicing offers a viable, proven, real-world solution to better home Wi-Fi for ALL end devices - existing and new."
For more information on the benefits of increasing channel/link density with Spectrum Slicing, watch our recent Light Reading webinar, "Unlocking real-world performance in Home Wi-Fi" with our guest, Liberty Global, here: https://www.lightreading.com/webinar.asp?webinar_id=2209
Q3 FY 2023 Operating Results:
Q3 FY 2023 Activities and Accomplishments:
About Edgewater Wireless
Edgewater Wireless 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 real-world needs of service providers and their customers. With over 26 granted patents, Edgewater's in-band multi-channel/link technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.
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 greatest improvements.
For more information, visit www.edgewaterwireless.com.
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.
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