August 10, 2018 —Ottawa, Canada – Edgewater Wireless Systems Inc. (TSX.V: YFI) (OTCQB: KPIFF), the developer of WiFi3™ wideband, concurrent multi-channel WiFi chipsets and access point products for high-density wireless networks proposes to extend the term of an aggregate of 6,167,625 outstanding share purchase warrants set to expire on August 24, 2018 by two years to August 24, 2020.
The warrants were issued pursuant to a non-brokered private placement of units completed by the Company on August 24, 2016 with an original term of two years. The extension to the term of the warrants is subject to the acceptance of the TSX Venture Exchange.
Backed by 24 patents, Edgewater’s WiFi3™ is the best solution for high-density WiFi applications. Edgewater’s patented technology mitigates adjacent and co-channel interference to enable multiple, concurrent channels of transmit and receive from a single WiFi standards-compliant radio. Delivering the highest channel density in the industry means fewer access points to deliver the highest quality of service for users in high-density environments. For more information on High-Density WiFi solutions and WiFi3™ OEM development kits visit: www.edgewaterwireless.com or www.aera.io
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For further information, please contact:
Andrew Skafel, President and Chief Executive Officer
Edgewater Wireless Systems Inc.
Tel: (613) 271‐3710