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Silicon Catalyst Incubator + Accelerator Program: Tapping world-renowned expertise & partnerships

Securing the backing of a Silicon Valley-based semiconductor-focused accelerator has provided a much-needed catalyst for Edgewater on multiple fronts.

Appointing Nick Kepler, Chief Operating Officer at Silicon Catalyst, as a Board Observer marks a pivotal step in advancing our silicon programs. Nick’s extensive semiconductor experience, including senior roles at AMD and Global Foundries, equips Edgewater with strategic insights to accelerate commercialization and capture significant market opportunities.

As COO of Silicon Catalyst, the leading incubator + accelerator for semiconductor startups, Nick has a proven track record of mentoring early-stage companies to success. His guidance is expected to enhance Edgewater's product development and market positioning, driving the adoption of its innovative Wi-Fi solutions.

Over the upcoming months, we look to expand our ties to other world-renowned experts.

Additionally, our growing relationships with several Silicon Catalyst in-kind partners provide critical resources and support as we bring our next-generation silicon solutions to production. Early initiatives to tap a globally recognized IP licensing partner have validated the benefits of our Silicon Catalyst relationship and emphasized the market potential for our next-generation silicon solutions. We are working closely with Silicon Catalyst to expand our relationship with the over 60 in-kind partners essential for bringing silicon to market. As we continue to scale, Silicon Catalyst will be instrumental in accelerating our journey toward mass adoption of Wi-Fi Spectrum Slicing and our next-generation silicon solutions.

Progress in Next-Generation Silicon & Commercial Demand

Leveraging our partner ecosystem, including select in-kind partners from the Silicon Catalyst ecosystem, Edgewater Wireless has made significant strides in producing our next-generation silicon solutions. We remain on track to deliver newly packaged silicon in the first half of 2025, marking an important milestone in our product roadmap.

Demand for our next-generation silicon in residential and enterprise applications continues to grow, alongside strong interest in our Wi-Fi Spectrum Slicing-powered Industrial Internet of Things (IIoT) access point solutions. The revolutionary Wi-Fi Spectrum Slicing powered access point solution has been successfully deployed in multiple commercial pilots since late 2024, demonstrating real-world performance benefits and reinforcing our leadership in next-generation wireless connectivity.

Successful Financing, Investor Confidence and Government Programs

Edgewater Wireless successfully completed an oversubscribed non-brokered private placement, raising nearly $2M. This milestone reflects strong investor confidence in our vision, technology, and execution strategy. The funds raised will be deployed to accelerate product development and expand strategic partnerships.

Efforts to access government programs continue, and they are increasingly focused on semiconductor-related programs. Engagement in these strategic government programs could be transformative, enhancing Edgewater’s ability to commercialize its next-generation semiconductor solutions. By leveraging available funding and industry resources, the company is positioned to drive technological advancements, expand its market footprint, and unlock significant value for shareholders – solidifying its position as a key player in the future of Wi-Fi.

Looking Ahead

Growing trade tensions validate our strategic decision to engage in key supply chain activities on-shore or near-shore. Our selection of a North American-based fabrication facility, or fab, puts us in a strong position to avoid the brunt of tariffs on our next-generation chips. Near-term efforts to package silicon are progressing well, and we anticipate engineering samples in the first half of this year.

Over the next six months, Edgewater Wireless will aggressively execute three high-impact initiatives to accelerate growth and drive industry leadership in next-generation wireless technology:

• First, the company will advance silicon production, completing the packaging of RF Front Ends for its groundbreaking Wi-Fi Spectrum Slicing™ silicon solution—paving the way for unmatched performance and scalability.

• Second, Edgewater will launch and commercialize its breakthrough Industrial Internet of Things (IIoT) Wi-Fi Spectrum Slicing-powered access point solution, delivering a transformative product redefining connectivity in industrial environments.

• Third, the company will expand intellectual property portfolio, forging strategic alliances and unlocking new revenue streams to maximize value.

These bold initiatives will drive commercialization, fuel market expansion, and generate significant shareholder value as Edgewater cements its position at the forefront of Wi-Fi innovation.

As we continue to execute our strategic vision, Edgewater Wireless remains committed to revolutionizing Wi-Fi performance and cementing Wi-Fi Spectrum Slicing™ as the industry standard. With strong momentum, key partnerships, and an expanding leadership team, we are well-positioned to drive the future of wireless connectivity.

We look forward to sharing further updates as we build on this success and create exceptional value for our stakeholders.

About Edgewater Wireless
We make Wi-Fi. Better.
For everyone, everywhere.

Edgewater Wireless (edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology, transforming Wi-Fi performance for residential and enterprise markets. Our advanced Wi-Fi silicon solutions, Access Points, and IP licensing deliver unparalleled economic value by enhancing network efficiency, reducing congestion, and improving quality of service for service providers and their customers. With 26 granted patents, Edgewater’s Multi-Channel, Spectrum Slicing technology is redefining the economics of Wi-Fi, enabling service providers to maximize their infrastructure investments while delivering next-generation performance today.

Edgewater’s physical layer Spectrum Slicing allows a frequency band to be divided or sliced, enabling more radios to operate efficiently within the same spectrum. Think of Spectrum Slicing like upgrading from a single-lane road to a multi-lane highway—dramatically increasing capacity and throughput, regardless of Wi-Fi technology. A recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider demonstrated 7 to 18 times performance gains in 75% of homes surveyed, with the most significant improvements seen in homes with the highest device density. By optimizing spectrum usage, Spectrum Slicing enhances user experience and drives down operational costs, unlocking new revenue opportunities for service providers in residential and enterprise deployments.

For more information, visit 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.

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Contacts

Edgewater Wireless Contacts:
Andrew Skafel, President and CEO
E: andrews@edgewaterwireless.com

Bill Mitoulas, Investor Relations
E: ir@edgewaterwireless.com
T: +1.416.479.9547