Ottawa, Canada / TheNewswire / November 30, 2016 Edgewater Wireless Systems Inc (YFI; TSX.V), the manufacturer of multi-channel WiFi3™ technology for high-density Wi-Fi and IOT applications, would like to take the opportunity to update our shareholders, followers and company supporters on our overall progress and forward business progression for Edgewater Wireless.

Corporate Recap

Edgewater Wireless is an early stage technology company developing and commercializing next generation wireless technology. The company has developed the first and only multi-channel single radio WiFi technology called WiFi3™. WiFi3™ technology is revolutionary and designed to solve the critical issues of WiFi interference and capacity driven by the 40.9 billion WiFi and IOT connected “things” that will be connected to the internet by the year 20201.

Edgewater Wireless is the only company in the world designing and developing products and solutions to deliver more available channels AND enabling more connections on a single WiFi radio than any other WiFi hub, wireless router or access point.

Milestones:

• -High-density WiFi solutions business unit:

  • -We continued our strategy to build indirect channels, growing our distribution partner base and recently added Wireless Republic a distribution partner based in Manchester and covering the United Kingdom and UAE. For context, the United Kingdom suffers from some of the highest WiFi interference issues in Europe

    -Our team is currently training the Wireless Republic team on Edgewater Wireless solutions and the capabilities around WiFi3 and and working closely with them to secure new systems integrators and agents in the region.  Systems integrators are used to secure end customer sales and also design and deploy WiFi3 based solutions

    -We also successfully solidified a partnership with BENELUX-based Optima Networks. Optima is a systems integrator and distributor with extensive experience in selling advanced wireless technology and solutions. With extensive experience as a provider of niche WiFi solutions, Optima understands the unique performance advantages of Edgewater’s WiFi3 technology

    -We participated in the Misco Expo. The Misco Expo allowed the company to build our brand with multiple systems integrators and direct customer opportunities in the United Kingdom
    

  -OEM and Licensing business unit:

  • -We are pleased to have formed a technology partnership with EION supported by a design for the world’s first LTE+WiFi technology solution. This partnership, like the company’s continued partnership with Zinwave, offers a unique, high-capacity radio solution geared toward the growing indoor wireless access point market. It should be noted that these complex solutions are based on deeply integrating WiFi3 technology and have a longer overall sales cycle –  further positioning WiFi3 for long term growth. These partnerships also validate our WiFi3 technology a future-proof solution to solve user density in highly congested wireless network environments.

    -Additionally, we are pleased to report our continued progress with our Fortune 500 partner. We are currently working with the company to fulfill product requirements for a regional deployments and performance testing. Edgewater Wireless is also developing innovative driver technology and software for the customer. We will be active engaged in these regional deployments in early 2017.  The project is of significant size encompassing 1000s of retail locations throughout North America. We have always understood the potential scope of the revenue opportunity with our Fortune 500 partner however narrowing that scope into a quarterly or annual focus is still difficult. By the end of this fiscal period, we should be able to translate the opportunity into discrete and measurable terms. We will provide further guidance on the engagement in February 2017.

  -Product developments:

  • -Our team continued to make several technology advancements in 2016 including the launch of the world’s first 5GHz multi-channel radio which is capable of delivering 3 concurrent WiFi channels in 5Ghz from a single radio. We continue to develop our Multi-Channel Single Radio (MCSR) technology to solve the massive interference and capacity challenges of modern WiFi network deployments.

  -Cable Industry Accelerator

  • -Edgewater Wireless was one of four companies to successfully complete the UpRamp Fiterator accelerator program. UpRamp is a subsidiary of CableLabs, the organization which represents the world’s largest cable operators, for the $500 Billion global cable industry2.  We continue to engage with UpRamp and are focused on locking down the commercial business as well as adopting new technology innovations.

Forward Momentum

The last 6 months to today have been exciting for Edgewater Wireless as we continue to build momentum and awareness of WiFi3™ technology. The team is progressing the business rapidly as the exponential demand to solve WiFi interference is driving demand for wireless solutions that advance beyond the technical capabilities of the most popular “state-of-the-art” WiFi hardware available today.  And over the last three months, the team has been enhancing our supply chain to position us to capture the opportunities in early 2017.

Understanding WiFi3™

One of the challenges of introducing innovative technology to the market is achieving recognition by industry experts and educating prospective customers and partners on what the technology does for the market and how it is different from existing solutions. This has undoubtedly been the company’s most challenging hurdle. WiFi3™ is fundamentally different from the traditional approach to WiFi. WiFi3’s advanced capabilities to deliver multiple concurrent channels on the same wireless radio and up to 12 channels in 2.4GHz and 5GHz in a single access point has never been achieved before.  

Demonstrating the capabilities of WiFi3™ and introducing our technology to the Cable Industry has been a major focus for our team over the last 4 months. It’s important to note that throughout our UpRamp engagement with multiple WiFI experts from the Cable Industry that it was consistently stated that the current WiFi solutions available from major equipment vendors can not solve the growing interference and capacity issues prevalent in WiFi today.

Momentum Continues

The efforts of our entire team at Edgewater Wireless have positioned the company for continued growth in 2016 as we continue to build the business by our expanding network of partners, agents and prospective customers. On that note, we are continuing to ramp up our relationship with Raretech in India as well as several other APAC based service providers and distribution partners. Our relationship and opportunities with Zinwave, EION, Wireless Republic, Optima Networks, RaGaPa and others also continue to grow on a global scale.

At Edgewater Wireless, our path forward also includes engineering advancements of WiFi3™ technology while continuing to expand our patent portfolio. As a WiFi innovation company, Edgewater Wireless continues to focus on and invest in developing and innovating Wi-Fi for high-density deployments as we execute on our vision to fix painfully slow WiFi.

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Edgewater Wireless Contact:

Matt Massey

VP, Marketing

mattm@edgewaterwireless.com

Direct: 613-797-9628

About Edgewater Wireless Systems Inc.:

Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-density, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater’s WiFi3™ is redefining Wi-Fi technology with its wide-band, multi-channel radio and high-capacity Access Point solutions, and delivering next generation Wi-Fi, today.

The best solution for High-Density Wi-Fi networks, Edgewater Wireless WiFi3 powered access point products enable innovative service providers to plan, build and deploy reliable, high-capacity services (like VoWiFI) for high-density wireless data demand in any environment.

 

Do more with less! Fewer access points delivering high quality service at a lower overall deployment cost make our patented WiFi3 technology the right choice for your next Wi-Fi network.

 

Explore the evolution of Wi-Fi at www.EdgewaterWireless.com

Forward-Looking Statements

This news release contains forward-looking statements and 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.

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