Edgewater Wireless Deals Wireless Technology Patent to Major Handset & Tablet Manufacturer
January 6, 2014 – Ottawa, Canada – Edgewater Wireless Systems Inc. (YFI;TSX.V), the manufacturer of multi-channel WiFi3 technology for high-density WiFi applications, today announced the company has dealt one of twenty-three technology patents to a major handset and tablet manufacturer. Edgewater Wireless retains a perpetual license to use the patent in the company’s current and future products.
“When a major industry player knocks on your door and wants to acquire a non-core piece of your technology, it shows we’ve developed something truly world class.” said Duane Anderson, CTO of Edgewater Wireless. “Edgewater Wireless is continuing to develop game-changing wireless technology and we’re actively applying for new patents as we continue to build, innovate and create new capabilities for WiFi service delivery.”
Edgewater’s multi-channel wireless technology, WiFi3, enables multiple concurrent channels per radio and dramatically improves end user quality of service. Delivering up to 6 channels from a single router, WiFi3 powered access points achieve unparalleled performance by mitigating interference issues which plague traditional, single channel WiFi deployed in high density environments. Using a patented approach, WiFi3 addresses issues like Adjacent Channel Interference (ACI) and Co-Channel Interference (CCI) to deliver the highest channel density available on the market today while offering a carrier-class feature set that includes integrated Spectral Surveillance Architecture (SSA™) – Edgewater’s integrated, real time spectral monitoring feature which dramatically reduces operational expenses (OPEX) for carriers and service providers.
“We’re really pleased with this deal and it’s a true validation when a major player in the industry demands our technology” said Andrew Skafel, President & CEO of Edgewater Wireless. “Edgewater is building world class WiFi technology and this is just one of the 23 current patents we currently own. We plan to build on this deal and continue with the technology licensing side of our business.”
About Edgewater Wireless Systems Inc.:
Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-density, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater’s WiFi3™ is redefining Wi-Fi technology with its wide-band, multi-channel radio and high-capacity Access Point solutions, and delivering next generation Wi-Fi, today.
The best solution for High-Density Wi-Fi networks, Edgewater Wireless WiFi3 powered access point products enable innovative service providers to plan, build and deploy reliable, high-capacity services (like VoWiFI) for high-density wireless data demand in any environment.
Do more with less! Fewer access points delivering high quality service at a lower overall deployment cost make our patented WiFi3 technology the right choice for your next Wi-Fi network.
Explore the evolution of Wi-Fi at 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.