Edgewater Wireless WiFi3 Technology Selected for National WiFi Deployments in Western & Central Africa
$4.9 Million Deal to Launch Phase 1 of Multi‐national Deployment of Wireless Internet Services
OTTAWA, CANADA – July 26, 2012 – Edgewater Wireless Systems Inc. (YFI; TSX‐V), is pleased to announce it has entered into a $4.9 million CDN agreement with World Affinity Telecom to supply next‐generation WiFi3 technology as part of phase 1 of a multi‐phase program designed to deliver WiFi and WLAN coverage throughout several Western and Central African countries. The initial deployment will take place in Freetown, Sierra Leone in the fall of 2012.
Edgewater Wireless’ WiFi3 technology will be used to deliver broadband services and applications over WiFi and WLAN (Wireless Local Area Network) networks – initially throughout Freetown, and extending the network across the country by the fall of 2013. Edgewater Wireless will work closely with World Affinity Telecom to define and design the network and associated product requirements for the Freetown deployment which will include government buildings, schools and hospitals.
World Affinity Telecom and its local subsidiary, Sierra WiFi, are leveraging a state‐of‐the‐art fibre network within Sierra Leone to provide wireless broadband services. In addition to the national deployment of WiFi3 technology in Sierra Leone, World Affinity Telecom has secured licenses to deliver national WLAN coverage in a number of other Western African countries, including Guinea, where the company plans expansion of a WLAN network, backboned by WiFi3 technology, by the end of 2012.
“As a former Minister and Ambassador to Canada for Senegal, I am strongly committed to the growth and development of our continent through the advancement of technology,” said Amadou Tidiane Wone, Chairman of World Affinity Telecom. “Through our partnership with Edgewater Wireless, WiFi3 brings an innovative solution which will strengthen our communications and technology infrastructure in order to accelerate the development of our natural and human resources.”
“This agreement with World Affinity represents a huge market opportunity for Edgewater Wireless to deliver broadband wireless services to Western & Central Africa,” said Andrew Skafel, President of Edgewater Wireless. “We expect Africa to be one of the fastest‐growing markets globally for WiFi over the next 5 to 10 years. The inherent advantages of Edgewater Wireless’ WiFi3 technology are a perfect fit for the large and rapidly emerging data access markets in Africa.”
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‐performance, high quality of service (QoS) and high‐reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater Wireless’ WiFi3 is redefining WLAN infrastructure with its wideband, multi‐channel radio and high‐capacity Access Point solutions, and delivering next generation WiFi, today. For more information, please visit www.edgewaterwireless.com.
About World Affinity Telecom: World Affinity Telecom is an established telecommunications solutions specialist. Its services include a wide range of data options to support transmission over high speed wireless. Its products are fully customizable and provide a multitude of options for any given user or application. World Affinity Telecom can provide support for all your data needs, locally and across the globe. For more information please visit: www.worldaffinitytelecom.com.
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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