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Edgewater Wireless Systems Inc
Symbol YFI
Shares Issued 246,290,410
Close 2026-07-09 C$ 0.035
Market Cap C$ 8,620,164
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Edgewater talks up investor backing

2026-07-10 16:13 ET - News Release

Mr. Andrew Skafel reports

EDGEWATER WIRELESS SECURES STRATEGIC INVESTOR SUPPORT AS SPECTRUM SLICING GAINS MOMENTUM

Edgewater Wireless Systems Inc. today highlighted its recently announced strategic investor-led first close as a strong validation point for the company's next-generation wireless roadmap.

As previously announced, Edgewater completed the first tranche of its non-brokered private placement for gross proceeds of $429,152.79, through the issuance of 7,152,547 units, subject to final acceptance of the TSX Venture Exchange.

The first close included participation from a strategic semiconductor investor, additional Silicon Catalyst-related investor participation and management participation. Edgewater believes this support reinforces growing confidence in its patented Spectrum Slicing technology and its road map for high-reliability, low-latency wireless connectivity.

"This first close is an important validation milestone for Edgewater," said Andrew Skafel, president and chief executive officer of Edgewater Wireless. "Support from a strategic semiconductor investor, Silicon Catalyst-related participants and management sends a strong signal. It reflects growing confidence in Spectrum Slicing and in our ability to move from validation to execution."

With the first tranche now completed, Edgewater is advancing toward an anticipated second tranche of the private placement, subject to receipt of completed subscriptions, TSX-V acceptance and customary closing conditions. The company expects to provide a further update as the next tranche progresses.

"Wireless reliability is becoming a critical requirement for AI, autonomy, industrial systems and mission-critical edge applications," added Mr. Skafel. "We believe Edgewater is positioned directly in front of that shift. The market needs Wi-Fi that is more predictable, more resilient and better suited to real-world interference."

Edgewater's Spectrum Slicing technology is designed to enable multiple concurrent channels within a Wi-Fi band, helping address congestion, interference and performance challenges in dense wireless environments.

The company continues to see positive engagement from strategic, industry and investor audiences as it advances its roadmap.

About Edgewater Wireless Systems Inc.

Edgewater Wireless is the industry pioneer in Wi-Fi Spectrum Slicing silicon solutions and IP. The company's patented, AI-powered Spectrum Slicing platform -- delivered through the PrismIQ product family -- is designed to enable multiple concurrent channels within a single band, delivering more usable capacity, lower latency and more reliable performance in congested wireless environments.

PrismIQ powers Edgewater's Wi-Fi 8-ready solution set for ultrahigh reliability and predictable performance across residential, enterprise and industrial IoT (Internet of Things) deployments, while opening adjacent opportunities in drones, UAVs (unmanned aerial vehicles), robotics, defence and other mission-critical applications where resilient wireless performance is essential. With 26 granted patents, three AI-related patent applications pending and a capital-efficient fabless semiconductor model, Edgewater is building the intelligent wireless foundation for the next era of global connectivity.

We seek Safe Harbor.

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