Mr. Andrew Skafel reports

EDGEWATER WIRELESS ANNOUNCES LETTER OF INTENT WITH WCS EUROPE FOR NEXT-GENERATION WI-FI SPECTRUM SLICING POWERED ACCESS POINT SOLUTIONS

Edgewater Wireless Systems Inc. has signed a letter of intent with Wesley Clover Services Europe (WCS Europe). The LOI contemplates the provision of Edgewater's next-generation Wi-Fi spectrum-slicing-powered access point solutions for a wide range of enterprise applications, including industrial Internet of Things (IIoT) applications.

The LOI builds on an earlier established and expanded distribution agreement between the company and WCS Europe and follows a successful pilot and field deployment in a groundbreaking IIoT application.

Initial deliveries of Edgewater's next-generation Wi-Fi spectrum-slicing-powered access point solutions totalling approximately $400,000 are planned for later this calendar year (subject to final commercial terms).

"We are thrilled with the commercial progress WCS Europe has developed, and we are looking forward to further strengthening our partnership as they expand our addressable market to include industrial Internet of Things applications," said Andrew Skafel, president and chief executive officer of Edgewater Wireless. "In challenging RF [radio frequency] environments where legacy, single-channel Wi-Fi solutions struggle to deliver even baseline performance, the need for multichannel/link solutions is growing beyond our initial target application(s) of home and enterprise Wi-Fi."

"Edgewater's Wi-Fi spectrum-slicing technology clearly addresses a business driver in the IIoT space where an increasing reliance on Wi-Fi to provide industrial automation and control requires a robust, low-latency Wi-Fi connection," said Lionel Hovsepain, president of Wesley Clover Services Europe.

The LOI is subject to, amongst other things, the execution of a definitive purchase agreement and project financing.

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 (Internet protocol) 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.

Edgewater's physical-layer spectrum slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of spectrum slicing like moving from a single-lane road to a multilane highway -- regardless of Wi-Fi technology. The recently completed proof of concept (PoC) with a major Tier 1 service provider showed seven times to 18 times performance gains in 75 per cent of homes surveyed. Interestingly, homes with the most devices saw the greatest improvements.

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