[May 06, 2024]

Edgewater Wireless Applauds the NRC IRAP IP Assist Program

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential, enterprise and Industrial IoT markets, is pleased to acknowledge the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) IP Assist program, for its strategic support of Edgewater Wireless' ground-breaking Wi-Fi and wireless IP.

"Supporting Canadian innovation through programs like the NRC IRAP IP Assist program creates greater opportunities for companies like ours to develop ground-breaking, standards-leading Intellectual Property and helps secure Canada's position in the global wireless and semiconductor ecosystem," said Andrew Skafel, President and CEO of Edgewater Wireless. "Working with and receiving critical support from Canadian government programs helps innovation-driven companies like Edgewater excel on the global stage."

"It is an exciting time in the evolution of Wi-Fi, with the launch of Wi-Fi7 and its marquee feature - Multi-Link Operation (MLO). MLO is the first feature to require multiple channels, amplifying the vast need for Wi-Fi Spectrum Slicing to deliver low-latency Wi-Fi," said Eric Smith, VP of Product for Edgewater Wireless. "With support from NRC IRAP, we are developing and patenting the most exciting inventions yet which harness Spectrum Slicing's ground-breaking capabilities - decreasing latency and increasing aggregate throughput in Wi-Fi service delivery for Service Providers and enterprises alike."

The development of additional IP in Spectrum Slicing extends Edgewater's leadership position in the space and strategically positions Edgewater as the de-facto company for implementing this advanced technology. With support received through the NRC IRAP IP Assist Program, Edgewater can assure that the novelties which arise from its thought leadership and the continued development of Spectrum Slicing technology remain the IP of Edgewater and can effect a positive result in the Canadian semiconductor, telecommunications, and artificial intelligence (AI) industries, buildng financial and economic security for Canada and Edgewater.

For further information, please visit SEDAR.ca

About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (www.edgewaterwireless.com) 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 high-density and high quality-of-service needs of service providers and their customers. With 26 granted patents, Edgewater's Multi-Channel, Single Radio (MCSR) 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 each 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.

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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