Ottawa, Canada / September 22, 2023 / YOLOWIRE / Further to its news release dated September 13, 2023, Edgewater Wireless Systems Inc. (TSXV: $YFI) (OTC: $KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce that the TSX Venture Exchange has reinstated trading in its common shares. Trading will resume effective at the opening on Friday, September 22, 2023.
The Corporation has filed the following documents on September 8, 2023, which are available for review under the Company’s SEDAR profile at www.sedarplus.ca:
– Audited consolidated annual Financial Statements for the year ended April 30, 2022, and the corresponding Management Discussion and Analysis, CEO and CFO certifications
Andrew Skafel, CEO of Edgewater, commented, “We appreciate the additional prudence taken by our auditor with respect to a more thorough review and valuation of our 2022 convertible debenture. We look forward to continuing our growth initiatives for the remainder of 2023 and into 2024.”
About Edgewater Wireless
We make Wi-Fi. Better.
%EdgewaterWireless (www.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 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.
For more information, visit www.edgewaterwireless.com
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
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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