CIBC Emerging Tech in 2017 Research Report
According to Global Web Index, the typical digital consumer now owns 3.64 connected devices – from phones and tablets to streaming sticks, wearables and gaming consoles. The growth of connected devices is also driving demand for data, and the technology of choice for most consumers is Wi-Fi. Along with this growth, Wi-Fi traffic from mobile devices and Wi-Fi-only devices will account for 49% of total data traffic by 2020, a 42% increase from 2015 (Cisco). Globally, the WiFi market is projected to reach $33.6 billion by 2020 with 20 billion WiFi chipsets forecasted to ship between 2016-2021. Current WiFi chipsets from the likes of Qualcomm, Broadcom and Quantanna are based on a single channel radio architecture.
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Smedley Special Opportunities Newsletter
After years of perfecting high-density multi-channel WiFi, Edgewater Wireless Systems (YFI-TSXV) appears close to solving a bottleneck threatening communications. All traffic up to now surges along a single channel that is a grave problem for the big carriers and yet largely the public awareness. It is going to get mightily worse as traffic density soars as the age of the internet-of-things brings on a score or more of WiFi active points in just one household and the average three portable devices already on a single person.
As I have written before in connection with Edgewater – I know the problem. I was trapped in New York without communications during 9/11 and more recently stuck with hundreds of others all night in Dallas/Fort Worth airport. In scenes of more pleasant drama, like stadiums and other entertainment venues, devices can collide, go inoperative, or into serious delay mode.
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Edgewater Wireless is a junior tech to watch, Echelon Wealth says
He’s not quite ready to assign a rating and price target to it, but Echelon Wealth analyst Ralph Garcea says Edgewater Wireless (TSXV:YFI) is a junior tech that should be on investor’s radar.
In a research report to clients today, Garcea placed Edgewater Wireless on his “Watch List”.