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Edgewater Wireless Awarded Patent for Automatic Gain Control (AGC) for Multichannel/Wideband Communications System

February 8, 2019

OTTAWA--(BUSINESS WIRE)--Feb 8, 2019--Edgewater Wireless Systems Inc. ( YFI; TSX.V ) ( OTCQB: KPIFF ), the industry leader in innovative WiFi Multi-Channel Single Radio (MCSR ™ ) technology for residential and commercial markets, announced today that it has been issued a patent by the United States Patent and Trademark Office (USPTO) for its Automatic Gain Control (AGC) for a multichannel/wideband communications system. AGC enables Edgewater’s MCSR networks to deliver more effective, error-free reception and more efficient, data-rich transmission of multi-channel signals.

The company has more than 24 patents in its intellectual property portfolio, created to protect its unique MCSR approach to solving the problems of substandard WiFi and wireless performance in high-density residential and commercial environments. Edgewater’s patented techniques mitigate interference and result in reduced errors and re-transmissions in sending and receiving content – reducing lag or latency. Low latency or the amount of data going through within a set period of time, is critical for applications such as HD video, streaming and gaming. And with the inevitable increasing number of wireless devices and with the launch of 5G globally, the challenges of density will only get worse.

“Edgewater Wireless is pleased the USPTO has awarded this patent further protecting our unique approach,” said Andrew Skafel, President and CEO of Edgewater Wireless. “The continuing growth of our IP portfolio has built a strong foundation for enhancing shareholder value and we’re pleased with our revenue growth exiting Q3’19 as we realize the value of our innovations. We’ve continued to ramp with our current customers and have worked to diversify our customer base. We’re proud of our talented team which continues to evolve and improve our products.”

About Edgewater Wireless

We make WiFi. Better.

Edgewater Wireless ( www.edgewaterwireless.com ) is the industry leader in innovative WiFi technology for residential and commercial markets. We deliver advanced silicon solutions designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 24+ patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes WiFi with its aera™ access point product line, delivering next-generation WiFi today.

The best solution for High-Density WiFi networks, Edgewater provides reference designs for easy OEM integration, enabling service providers to plan, build and deploy reliable, high-capacity services to meet data demand in any environment, while fewer access points means lower deployment costs.

Explore the evolution of WiFi at: www.edgewaterwireless.com and www.aera.io

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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190208005301/en/

CONTACT: Edgewater Wireless Investor Contact:

Andrew Skafel

President and CEO

T: +1 613-271-3710

E:andrews@edgewaterwireless.com

W:www.edgewaterwireless.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: TECHNOLOGY INTERNET MOBILE/WIRELESS

SOURCE: Edgewater Wireless Systems Inc.

Copyright Business Wire 2019.

PUB: 02/08/2019 10:17 AM/DISC: 02/08/2019 10:16 AM

http://www.businesswire.com/news/home/20190208005301/en

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