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OTTAWA, Ontario, February 26, 2025--(BUSINESS WIRE)--Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for the residential, enterprise, and industrial Internet of Things (IIoT) markets, provides additional commentary on the Avon River Ventures LLC news release announced on August 15, 2024 and confirms that the Company has not received a copy of the final report.
Edgewater Wireless recognizes the importance of ensuring transparency and accuracy in all communications and proactively engaged with the regulators prior to issuing the August 15, 2024, press release. On June 27, 2024, an internal draft press release titled "Edgewater Wireless Announces Third-Party Valuation Report" was published on a third-party website without authorization. Upon becoming aware of this situation, the Company reviewed the matter thoroughly and is focused on maintaining the confidentiality and integrity of its information.
Edgewater Wireless advises stakeholders to exercise caution when interpreting the information presented in the Avon River news release, particularly the IP valuation. Stakeholders are encouraged to rely on verified and publicly available information regarding the Company’s patent portfolio. The information contained in this press release constitutes Corrective Disclosure as defined in OSC Staff Notice 51-711 (Revised) Refilings and Corrections of Errors, and was requested to be disclosed by staff of the OSC ("Staff") in connection with a Staff review.
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (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 Multi-Channel, Wi-Fi 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.