22:18:14 EDT Sat 07 Sep 2024
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Edgewater Wireless Systems Inc
Symbol YFI
Shares Issued 196,948,891
Close 2024-05-02 C$ 0.04
Market Cap C$ 7,877,956
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Edgewater Wireless applauds NRC IRAP IP Assist program

2024-05-06 14:58 ET - News Release

Mr. Andrew Skafel reports

EDGEWATER WIRELESS APPLAUDS THE NRC IRAP IP ASSIST PROGRAM

Edgewater Wireless Systems Inc. has acknowledged the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) IP Assist program, for its strategic support of Edgewater Wireless's groundbreaking Wi-Fi and wireless intellectual property.

"Supporting Canadian innovation through programs like the NRC IRAP IP Assist program creates greater opportunities for companies like ours to develop groundbreaking, standards-leading intellectual property and helps secure Canada's position in the global wireless and semiconductor ecosystem," said Andrew Skafel, president and chief executive officer of Edgewater Wireless. "Working with and receiving critical support from Canadian government programs helps innovation-driven companies like Edgewater excel on the global stage."

"It is an exciting time in the evolution of Wi-Fi, with the launch of Wi-Fi7 and its marquee feature -- multilink operation (MLO). MLO is the first feature to require multiple channels, amplifying the vast need for Wi-Fi spectrum slicing to deliver low-latency Wi-Fi," said Eric Smith, vice-president of product for Edgewater Wireless. "With support from NRC IRAP, we are developing and patenting the most exciting inventions yet which harness spectrum slicing's groundbreaking capabilities -- decreasing latency and increasing aggregate throughput in Wi-Fi service delivery for service providers and enterprises alike."

The development of additional IP in spectrum slicing extends Edgewater's leadership position in the space and strategically positions Edgewater as the de facto company for implementing this advanced technology. With support received through the NRC IRAP IP Assist program, Edgewater can assure that the novelties which arise from its thought leadership and the continued development of spectrum slicing technology remain the IP of Edgewater and can effect a positive result in the Canadian semiconductor, telecommunications and artificial intelligence (AI) industries, building financial and economic security for Canada and Edgewater.

About Edgewater Wireless Systems Inc.

Edgewater Wireless is the industry leader in innovative spectrum slicing technology for residential and commercial markets. The company develops 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 multichannel, single radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.

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