Mr. Andrew Skafel reports

EDGEWATER WIRELESS WINS STRATEGIC FEDERAL GRANT FOR ADVANCED WI-FI CHIP COMMERCIALIZATION

Edgewater Wireless Systems Inc. has been awarded $921,000 in non-dilutive funding from Fabric, the government of Canada's flagship initiative to commercialize advanced semiconductor and sensor solutions. The strategic investment serves as a powerful catalyst for Edgewater's $2.4-million development project, accelerating the time to market for its next-generation multilink Wi-Fi silicon platform. This technology is poised to transform high-density, interference-sensitive wireless environments across residential, enterprise and industrial IoT (Internet of Things) sectors.

"In today's complex geopolitical environment, semiconductor innovation has become a strategic national priority," said Andrew Skafel, president and chief executive officer of Edgewater Wireless. "The Fabric funding reinforces Canada's commitment to strengthening its position in the global technology landscape. For Edgewater, it means accelerating our product road map, creating jobs, delivering shareholder value and contributing to Canada's economic resilience."

"The Canadian semiconductor ecosystem is energized. Semiconductors are embedded in almost every aspect of daily life, and the sectors that power our economy depend on them. From sensors that detect subtle but significant health changes to complex hardware accelerators and optimized chips that run increasingly complex AI [artificial intelligence] algorithms, semiconductor technology is crucial," stated Lynn McNeil, vice-president of Fabric. "The semiconductor supply chain is one of the world's largest and most complicated. It draws on highly specialized materials, components, manufacturing equipment, expertise and processes to design, fabricate, assemble, package and test finished chips. For a country like Canada, with unique expertise in photonics, MEMS [micro-electro-mechanical systems], compound semiconductors and quantum technologies, it is a rich and varied supply chain we can flourish in."

The strategic initiative, targeting Edgewater's next-generation Wi-Fi baseband, is designed to address real-world performance limitations in critical residential, enterprise and IoT deployments. The project will run through December, 2026, and is expected to reach TRL 6+, bolstering Canada's vision to build domestic strength in advanced semiconductor design and manufacturing.

Mandated to secure Canada's future in semiconductors, Fabric lowers barriers faced by Canadian companies developing semiconductor manufacturing processes and Internet-connected products and services for export into global markets. Focused on four core technologies: quantum, photonics, compound semiconductors and MEMS, it offers targeted funding for both fabrication process and product development.

Fabric forcefully connects the semiconductor sector into Canada's major industrial performers: from the auto sector to mining, natural resources, agriculture, medtech (medical technology), aerospace, defence and advanced manufacturing. As change and uncertainty rip through global trade relationships, forging these connections is increasingly integral to protecting the ability of these critical Canadian industries to innovate and compete.

Launched in 2024, Fabric is a five-year, $223-million project to build the national ecosystem. By fostering collaboration between industry, not-for-profits, the postsecondary community and government, it accelerates commercialization, amplifies competitive advantages and maximizes the economic impact of Canada's semiconductor sector, domestically and internationally.

Edgewater Wireless, a Fabric member, is proud to lead this project as part of Canada's growing network of semiconductor innovators working to transform global communications and connectivity challenges into competitive advantages.

About Edgewater Wireless Systems Inc.

Edgewater Wireless is redefining Wi-Fi from the silicon up -- delivering standards-leading innovations that create strategic value for next-generation connectivity platforms and semiconductor licensing partners. With 26 granted patents and a fabless business model, Edgewater Wireless pioneered Wi-Fi spectrum slicing, a breakthrough technology purpose-built to address the surging global demand for higher-capacity, lower-latency wireless networks. Edgewater is supercharging the economics of Wi-Fi. At a time when incremental performance gains are no longer enough, spectrum slicing offers a transformative leap: enabling multiple concurrent channels within a single frequency band. The result -- 10 times or greater performance and 50 per cent lower latency -- benefits all devices, including legacy hardware, without requiring changes to the client side. This architecture delivers scalable, infrastructure-friendly gains across residential, enterprise and IoT environments. The company's technology is deeply aligned with the evolving standards and shaped by collaboration with Tier 1 service providers, enterprises and industry bodies.

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