Edgewater Wireless Sys Inc Stock Price, News & Analysis

Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF) announced that CEO Andrew Skafel will present at CableLabs® Winter Conference 2025 (March 10-13, 2025) about the Future of Managed Wi-Fi. The company recently joined the Arm® Flexible Access program, integrating Arm's AI-optimized compute platform with their patented Wi-Fi Spectrum Slicing technology.

The collaboration enables Edgewater to access Arm's IP, tools, and support without upfront licensing fees, accelerating development of multi-channel Wi-Fi solutions. The company also announced a new line of Industrial IoT Access Points designed for low-bandwidth, high-reliability applications in manufacturing, logistics, and smart infrastructure.

Edgewater's Spectrum Slicing technology addresses Wi-Fi congestion and interference in dense environments, while leveraging AI-driven processing at the edge to optimize network performance and traffic management.

Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF), a Wi-Fi Spectrum Slicing technology company, has issued a corrective disclosure regarding an unauthorized publication of information. The company clarified that on June 27, 2024, an internal draft press release about a third-party valuation report was published without authorization on a third-party website.

The company addressed the Avon River Ventures news release from August 15, 2024, confirming they have not received the final valuation report. Edgewater Wireless has proactively engaged with regulators and urges stakeholders to exercise caution when interpreting the IP valuation information presented in the Avon River news release, recommending reliance on verified and publicly available information about their patent portfolio.

Edgewater Wireless Systems (TSX-V: YFI, OTC: KPIFF) has completed its seventh and eighth interest payments on unsecured debentures issued September 1, 2022. The company settled interest payments of $18,047.12 each, due on June 1, 2024, and September 1, 2024, through the issuance of 360,936 common shares for each payment at a deemed price of $0.05 per share.

The TSX Venture Exchange has approved this debt settlement. Company directors received 139,130 shares as part of this transaction, constituting a 'related party transaction' under MI 61-101. The company is exempt from formal valuation and minority shareholder approval requirements as neither the shares' fair market value nor the debt exceeds 25% of the company's market capitalization.

Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF), a leader in Wi-Fi Spectrum Slicing technology, has appointed Jimmy Jeon as Chief Financial Officer effective May 22, 2024. Jeon replaces Chris Olney, who has served as CFO since January 10, 2021, and is now retiring. Jeon, a CPA with over 7 years of experience, currently serves as a Senior Financial Analyst at Marrelli Support Services Inc., where he provides CFO and financial services to various public companies. He holds a Bachelor of Business Administration and a Graduate Diploma in Accounting from Wilfrid Laurier University. In his new role, Jeon will work on Edgewater's Fiscal 2024 Audited Financial Statements.

Edgewater Wireless Systems (TSXV: YFI) (OTC: KPIFF) has announced that Nick Kepler, Chief Operating Officer of Silicon Catalyst, will join as a Board Observer. This appointment comes as Edgewater, a Portfolio Company in the Silicon Catalyst incubator + accelerator, advances its Wi-Fi Spectrum Slicing technology for residential and enterprise markets.

Kepler brings significant semiconductor industry experience, including senior leadership roles at Advanced Micro Devices (AMD). At Silicon Catalyst, the world's premier semiconductor-focused incubator + accelerator, he has been instrumental in mentoring early-stage companies.

The appointment aligns with Edgewater's strategy to commercialize its Spectrum Slicing technology, which aims to improve efficiency and reliability in high-density Wi-Fi environments. The company is targeting what it describes as a multi-billion-dollar global market opportunity.

Edgewater Wireless Systems (TSX-V: YFI, OTC: KPIFF) has completed its previously announced non-brokered private placement, raising $1,915,000 through the issuance of 38,300,000 units at $0.05 per unit. Each unit includes one common share and one warrant, exercisable at $0.08 for two years. The company paid $17,150 in finder's fees, issued 1,533,000 common shares, and 2,314,000 finder's warrants. The proceeds will be used for product commercialization and working capital. Company insiders participated in the placement for $150,000. All securities are subject to a four-month hold period.

Edgewater Wireless Systems (TSXV: YFI, OTC: KPIFF) has joined the Arm Flexible Access program, gaining access to Arm's compute platform and extensive technology portfolio. This partnership enables Edgewater to develop its Wi-Fi Spectrum Slicing technology without upfront licensing fees, accelerating innovation and reducing time to market. The company's Spectrum Slicing technology enables multiple concurrent channels within a coverage area, delivering 50% lower latency and 7-18 times performance gains compared to traditional single-channel Wi-Fi. Notably, this technology allows service providers to enhance network performance without replacing existing WiFi4/5/6 devices, benefiting the 20+ billion Wi-Fi devices currently in use.

Edgewater Wireless Systems (TSXV: YFI, OTC: KPIFF) has been selected to join Silicon Catalyst's Semiconductor Incubator + Accelerator program. As one of six new companies admitted, Edgewater gains access to over 350 industry advisors and up to US$3M in in-kind services. The 24-month program will help accelerate the company's transition from prototype to production of their Wi-Fi Spectrum Slicing technology.

Silicon Catalyst will receive a Board Advisor position and 18,812,639 warrants at $0.05 per share with a 5-year term. Edgewater's Spectrum Slicing technology enables multiple concurrent channels within a coverage area, delivering 50% lower latency and 7-18x performance gains over traditional Wi-Fi, while maintaining compatibility with existing devices.

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a leader in Wi-Fi Spectrum Slicing technology, has reached a significant silicon production milestone. The company is shifting to a North American packaging facility, establishing a secure, on-shore supply line for its advanced solutions. This initiative, starting in September 2024, aims to bring engineering samples to market within the calendar year.

Edgewater has also strengthened its IP portfolio with new patent applications and identified a new vertical market for its technology. A successful commercial pilot and LOI with WCS Europe in the IIoT market demonstrates broader appeal for Wi-Fi Spectrum Slicing, with shipments planned for late 2024.