Mr. Andrew Skafel reports

EDGEWATER WIRELESS AND SILICON CATALYST AGREEMENT APPROVED BY REGULATORS

The TSX Venture Exchange has accepted for filing the portfolio company service agreement, dated Nov. 8, 2024, between Edgewater Wireless Systems Inc. and arm's-length party Silicon Catalyst (the provider), an incubator and accelerator based in Santa Clara, Calif.

"Gaining access to Silicon Catalyst's renowned incubator-plus-accelerator program provides us with invaluable resources to dramatically reduce the costs of bringing our next-generation chips to market. Silicon Catalyst's mission -- to support semiconductor innovators like Edgewater -- offers us a strategic advantage by connecting us to a global ecosystem of in-kind and strategic partners. Their expertise will help us navigate the complexities of moving from development to production and commercialization while derisking Edgewater for investors," said Andrew Skafel, president and chief executive officer of Edgewater Wireless. "We're pleased the TSX Venture Exchange approved this bold move and look forward to accelerating our work with Silicon Catalyst."

Portfolio company service agreement terms

Pursuant to the terms of the agreement, Edgewater will join an incubator-plus-accelerator program designed to encourage the development of early-stage companies whose technology relates to the semiconductor sciences through the provision by Silicon Catalyst and its network of industry partners of resources and management services.

Guided closely by a Silicon Catalyst partner and accessing a network of over 350 industry advisers, the accelerator's ecosystem provides everything early-stage semiconductor companies need to design, fabricate and market semiconductor solutions. Most critically, Silicon Catalyst backed companies can tap in excess of $3-million (U.S.) worth of in-kind goods and services essential for bringing Edgewater's next-generation semiconductors to market. Silicon Catalyst, its strategic partners and investors are renowned for helping emerging semiconductor companies transform ideas into valuable, high-impact products.

Concurrent with Edgewater's admission to the program, Silicon Catalyst has been granted a board adviser position and received 18,812,639 warrants. Each warrant entitles the holder to purchase one common share of the company at a price of five cents per warrant share until the date that is five years following the issuance of the warrants. The consideration is subject to the receipt of all required corporate and regulatory approvals, including the TSX-V.

About Edgewater Wireless Systems Inc.

Edgewater Wireless is the industry leader in innovative spectrum-slicing technology, transforming Wi-Fi performance for residential and enterprise markets. Edgewater Wireless's advanced Wi-Fi silicon solutions, access points and IP (intellectual property) licensing deliver unparalleled economic value by enhancing network efficiency, reducing congestion, and improving quality of service for service providers and their customers. With 26 granted patents, Edgewater's Multichannel, spectrum-slicing technology is redefining the economics of Wi-Fi, enabling service providers to maximize their infrastructure investments while delivering next-generation performance today.

Edgewater's physical-layer spectrum slicing allows a frequency band to be divided or sliced, enabling more radios to operate efficiently within the same spectrum. Think of spectrum slicing like upgrading from a single-lane road to a multilane highway -- dramatically increasing capacity and throughput, regardless of Wi-Fi technology. A recently completed proof of concept (PoC) with a major Tier 1 service provider demonstrated seven to 18 times performance gains in 75 per cent of homes surveyed, with the most significant improvements seen in homes with the highest device density. By optimizing spectrum usage, spectrum slicing enhances user experience and drives down operational costs, unlocking new revenue opportunities for service providers in residential and enterprise deployments.

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