Mr. Andrew Skafel reports

EDGEWATER WIRELESS PROVIDES CORPORATE UPDATE

Edgewater Wireless Systems Inc. has provided a corporate update highlighting the company's recent progress, strategy and plans for the year ahead.

Highlights:

• Edgewater to aggressively execute three high-impact initiatives in the next six months:
  • Advance silicon production -- complete RF Front End packaging for its disruptive Wi-Fi spectrum slicing silicon solution;
  • Launch and commercialize breakthrough industrial Internet of Things (IIoT) Wi-Fi spectrum-slicing-powered access point solution -- delivering a transformative product that redefines connectivity in industrial environments;
  • Expand intellectual property portfolio -- forging strategic alliances and unlocking new revenue streams to maximize value.
• Silicon catalyst in-kind partner network providing critical resources and support as the company brings its next-generation silicon solutions to production.

Advancing the future of Wi-Fi with spectrum slicing

Edgewater Wireless continues to drive innovation and redefine the future of Wi-Fi with the company's patented Wi-Fi Spectrum Slicing technology. Over the past 12 months, the company made significant strategic advancements, including several artificial-intelligence-related patent applications, strengthening the company's position as the leader in next-generation Wi-Fi innovation. The company's vision is clear: to establish Wi-Fi spectrum slicing as the global standard, delivering unparalleled performance, efficiency and scalability for the wireless world.

Industry recognition and thought leadership

Reinforcing the company's position at the forefront of wireless technology innovation, Edgewater Wireless was selected to speak at the prestigious 2025 CableLabs Winter Conference. The company's presentation, "Making Wi-Fi Smarter Through AI-Powered Spectrum Slicing," revealed our initiatives to redefine the economics of Wi-Fi by empowering service providers with the next generation of intelligent edge devices.

Using the company's patented AI-enabled algorithms, the company highlighted the standards-leading capabilities of its next-generation Wi-Fi silicon solutions and discussed the customer-driven feature enhancements of its MLX488 platform. Of particular interest, the presentation offered insights into the benefits of joining the Arm flexible access program as the initiative grants access to cutting-edge Arm IP, allowing the company to optimize spectrum slicing technology for next-generation Wi-Fi chipsets. By integrating AI-driven intelligence at the edge, the company is paving the way for a more intelligent, efficient wireless ecosystem built on a foundation of increased in-band link or channel density.

Silicon Catalyst incubator and accelerator program: tapping world-renowned expertise and partnerships

Securing the backing of a Silicon Valley-based semiconductor-focused accelerator has provided a much-needed catalyst for Edgewater on multiple fronts.

Appointing Nick Kepler, chief operating officer at Silicon Catalyst, as a board observer marks a pivotal step in advancing the company's silicon programs. Mr. Kepler's extensive semiconductor experience, including senior roles at AMD and Global Foundries, equips Edgewater with strategic insights to accelerate commercialization and capture significant market opportunities.

As COO (chief operating officer) of Silicon Catalyst, the leading incubator plus accelerator for semiconductor startups, Mr. Kepler has a proven record of mentoring early stage companies to success. His guidance is expected to enhance Edgewater's product development and market positioning, driving the adoption of its innovative Wi-Fi solutions.

Over the upcoming months, the company looks to expand its ties to other world-renowned experts.

Additionally, the company's growing relationships with several Silicon Catalyst in-kind partners provide critical resources and support as the company brings its next-generation silicon solutions to production. Early initiatives to tap a globally recognized IP licensing partner have validated the benefits of the company's Silicon Catalyst relationship and emphasized the market potential for the company's next-generation silicon solutions. Edgewater is working closely with Silicon Catalyst to expand its relationship with the over 60 in-kind partners essential for bringing silicon to market. As it continues to scale, Silicon Catalyst will be instrumental in accelerating the company's journey toward mass adoption of Wi-Fi spectrum slicing and its next-generation silicon solutions.

Progress in next-generation silicon and commercial demand

Leveraging the company's partner ecosystem, including select in-kind partners from the Silicon Catalyst ecosystem, Edgewater Wireless has made significant strides in producing the company's next-generation silicon solutions. The company remains on track to deliver newly packaged silicon in the first half of 2025, marking an important milestone in the company's product road map.

Demand for the company's next-generation silicon in residential and enterprise applications continues to grow, alongside strong interest in its Wi-Fi spectrum-slicing-powered industrial Internet of Things (IIoT) access point solutions. The revolutionary Wi-Fi spectrum-slicing-powered access point solution has been successfully deployed in multiple commercial pilots since late 2024, demonstrating real-world performance benefits and reinforcing the company's leadership in next-generation wireless connectivity.

Successful financing, investor confidence and government programs

Edgewater Wireless successfully completed an oversubscribed non-brokered private placement, raising nearly $2-million. This milestone reflects strong investor confidence in the company's vision, technology and execution strategy. The funds raised will be deployed to accelerate product development and expand strategic partnerships.

Efforts to access government programs continue, and they are increasingly focused on semiconductor-related programs. Engagement in these strategic government programs could be transformative, enhancing Edgewater's ability to commercialize its next-generation semiconductor solutions. By leveraging available funding and industry resources, the company is positioned to drive technological advancements, expand its market footprint and unlock significant value for shareholders -- solidifying its position as a key player in the future of Wi-Fi.

Looking ahead

Growing trade tensions validate our strategic decision to engage in key supply chain activities on shore or near shore. The company's selection of a North American-based fabrication facility, or fab, puts the company in a strong position to avoid the brunt of tariffs on its next-generation chips. Near-term efforts to package silicon are progressing well, and the company anticipates engineering samples in the first half of this year.

Over the next six months, Edgewater Wireless will aggressively execute three high-impact initiatives to accelerate growth and drive industry leadership in next-generation wireless technology:

• First, the company will advance silicon production, completing the packaging of RF front ends for its groundbreaking Wi-Fi spectrum slicing silicon solution -- paving the way for unmatched performance and scalability.
• Second, Edgewater will launch and commercialize its breakthrough industrial Internet of Things (IIoT) Wi-Fi spectrum-slicing-powered access point solution, delivering a transformative product redefining connectivity in industrial environments.
• Third, the company will expand intellectual property portfolio, forging strategic alliances and unlocking new revenue streams to maximize value.

These bold initiatives will drive commercialization, fuel market expansion and generate significant shareholder value as Edgewater cements its position at the forefront of Wi-Fi innovation.

As the company continues to execute its strategic vision, Edgewater Wireless remains committed to revolutionizing Wi-Fi performance and cementing Wi-Fi spectrum slicing as the industry standard. With strong momentum, key partnerships and an expanding leadership team, the company is well positioned to drive the future of wireless connectivity.

The company looks forward to sharing further updates as it builds on this success and create exceptional value for its stakeholders.

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. The company's advanced Wi-Fi silicon solutions, access points and IP licensing deliver unparallelled 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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