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Edgewater Wireless Announces Multiple Requests for Engineering Samples of Breakthrough MLX 488 WiFi7 Platform

Multiple Tier-1 Service Providers and OEMs request engineering samples of Edgewater’s newest platform; highlighting Growing Demand for its Next Generation Solutions

OTTAWA, Ontario, August 21, 2023--(BUSINESS WIRE)--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 strong demand from multiple Tier-1 service providers and OEMs supported by requests for engineering samples of Edgewater’s cutting-edge MLX 488 WiFi7 Spectrum Slicing platform. Edgewater is currently undertaking focused engineering efforts and is targeting delivery in Q2 2024.

Engineering samples represent beta editions of integrated circuits intended for compatibility, validation or demonstration purposes. They are commonly provided to original equipment manufacturers (OEMs) and Service Providers before the official chip launch, facilitating production development or showcasing innovative features and functionality.

Edgewater’s MLX 488 WiFi7 platform is the world’s first silicon solution to couple the performance of WiFi7 with the proven robustness and flexibility of Wi-Fi Spectrum Slicing. Highly differentiated features include:

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  • Patent-pending, AI-enabled, dynamic channel width selection supporting up to 28 concurrent links/channels,

  • Multi-flex MLO: the first high-performance Multi-Link Operation (MLO) solution engineered to support multiple, concurrent MLO connections,

  • Intelligent Channel Association (ICA™) optimizes device and application layer performance,

  • Plus, standard WiFi7 features such as up to 320 MHz wide channel support, MLO and 4K QAM.

Newly appointed VP of Marketing for Edgewater Wireless, Nicolas Fortineau, states, "The promising trial results presented by Edgewater alongside public endorsement by a major Tier 1 have shown how Spectrum Slicing has the potential to transform the broadband customer experience – even for legacy devices. As a result of the PoC and Pilot, there has been significant interest from a growing number of Tier 1’s and OEMs as they request samples of our latest silicon. Edgewater offers Service Providers a way to dramatically improve performance for the billions of existing devices deployed, plus bringing the latest WiFi7 features to new devices. It’s a massive win and a thrilling time in the growth and evolution of Edgewater."

With Edgewater’s Wi-Fi Spectrum Slicing, Service Providers and vendors are no longer forced to replace all existing devices, such as WiFi4/5/6, on the network to benefit from the evolving Wi-Fi 7 standard. In other words, the 20+ Billion existing Wi-Fi devices, such as TVs, smartphones and gaming consoles, do not need to be replaced to realize the gains associated with Spectrum Slicing - plus the newest devices can benefit from the latest WiFi7 standard. Using advanced signal processing techniques, Spectrum Slicing is proven to deliver dramatically lower latency (50% or more) and 7 to 18 times performance gains over legacy, single-channel Wi-Fi architectures — for EXISTING and new devices.

Growth for Edgewater Wireless is to be supported by an anticipated blend of traditional and non-dilutive growth capital, newly formed strategic alliances and government programs anchoring silicon production in North America, and further market penetration of Edgewater’s recently launched next-generation Wi-Fi 7 product line.

For more information on our MLX 488 products or to request ‘beta’ samples, visit Edgewater Wireless at www.edgewaterwireless.com

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 Spectrum Slicing 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.

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.

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 source version on businesswire.com: https://www.businesswire.com/news/home/20230821266180/en/

Contacts

Edgewater Wireless Contacts:
Andrew Skafel, President and CEO
E: andrews@edgewaterwireless.com

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

www.edgewaterwireless.com