Edgewater Wireless Sys Inc Stock Price, News & Analysis

Edgewater Wireless Systems (OTC PINK: KPIFF) will participate in the SNN Network Canada Virtual Event from December 7-9, 2021. President and CEO Andrew Skafel will discuss the company's innovative Wi-Fi Spectrum Slicing technology aimed at enhancing Wi-Fi network performance amidst rising IoT device usage. The event will feature a live presentation on December 9 at 11:30 AM ET, followed by a Q&A session. A recorded version will be available for those unable to attend live. For more details, visit Edgewater Wireless.

Edgewater Wireless (OTC PINK: KPIFF) announced successful tests of its Spectrum Slicing technology by a major Tier 1 service provider, showcasing significant performance improvements. The tests yielded a 50% reduction in latency and throughput gains of 6-12 times compared to existing Wi-Fi systems. Conducted by an independent organization under real-world conditions, these results validate the technology's effectiveness in both commercial and residential applications, with a noted performance boost in homes with multiple devices.

Edgewater Wireless Systems Inc. (OTC Pink: KPIFF) reported its financial results for the first quarter ending July 31, 2021. The company, focusing on Wi-Fi Spectrum Slicing technology, incurred a net loss of $286,445, up from $181,911 in Q1 2020. Sales and marketing expenses decreased to $36,951, while general and administrative expenses rose to $204,932. Cash and short-term investments stood at $1,053,925. Upcoming initiatives include expanding pilot projects with Tier 1 service providers and forming silicon partnerships to enhance commercialization efforts.

Edgewater Wireless Inc. (TSX.V: YFI, OTC PINK: KPIFF) and CMC Microsystems have signed a Memorandum of Understanding to enhance technology sharing and commercialization of IoT solutions. Edgewater will provide access to its Spectrum Slicing Development Kit, while CMC offers design and validation services. The agreement aims to expedite market entry for Edgewater's technology amidst increasing demand for IoT devices and 5G networks. Both organizations will explore funding opportunities for the Canadian wireless communications sector.

Edgewater Wireless (OTC Pink: KPIFF) announces its audited financial results for the fiscal year ending April 30, 2021. The company recorded a net loss of $773,400, a significant improvement from $2,038,000 in 2020, thanks to effective cost control measures. The cash position remains strong at $1,488,000. The company successfully completed a proof of concept with a major Tier 1 service provider and plans to expand its pipeline of partnerships while enhancing investor relations efforts.

Edgewater Wireless Systems Inc. (OTCQB: KPIFF) has achieved significant milestones in the first half of 2021. Their initial Proof of Concept (PoC) with a Tier 1 Service Provider demonstrated performance gains of 7 to 18 times in 75% of homes, highlighting the need for their Spectrum Slicing technology. The company plans to advance to a commercial pilot project and is engaging multiple silicon partnerships to scale production within 18-24 months. Additionally, Edgewater has strengthened its Board and investor relations to enhance communication with stakeholders.

Edgewater Wireless Systems has been selected to join the WBA's Wi-Fi: Powering Innovation Series on July 8, 2021. This webinar will highlight key trends in residential Wi-Fi and the future of IoT technology for smart homes. CEO Andrew Skafel will discuss results from a Proof of Concept with a Tier 1 Service Provider, showing significant performance gains from their Spectrum Slicing technology. With an innovative approach that transforms Wi-Fi capabilities, Edgewater aims to enhance the Connected Home experience.

Edgewater Wireless Systems (YFI: TSX.V, OTCQB: KPIFF) announced the successful passing of all resolutions at its annual general meeting (AGM) on June 16, 2021. Shareholders approved the election of four directors, re-appointment of KMPG LLP as auditors, and the continuation of a rolling stock option plan. Notably, Ralph Garcea, with 22 years' experience in technology and investment, was added to the Board. The Company also granted 1,500,000 incentive stock options at an exercise price of $0.13 per share for eight years, with certain options vesting over twelve months.

Edgewater Wireless Systems Inc. (KPIFF) announced the granting of options to purchase 2,250,000 common shares to its Directors, Officers, employees, and consultants, pending TSX Venture Exchange approval. This marks the first round of incentive options since a two-year hiatus, with the stock options priced at $0.14 per share for eight years. The options will vest in three equal installments; a third will vest immediately, with the remaining two-thirds vesting over the next two years. This initiative is part of Edgewater’s employee retention program.