Edgewater Announces Stock Option Grant
OTTAWA, Ontario--(BUSINESS WIRE)-- Edgewater Wireless Systems Inc. (TSX-V: YFI) (OTC: KPIFF) (the 'Company' or 'Edgewater Wireless') announces that it has granted stock options pursuant to its fixed 20% rolling stock option plan to a consultant of the Company to purchase up to an aggregate of 500,000 common shares of the Company at $0.05 per share. These options will vest as to 33% on the date of grant, 33% 12 months from the date of grant and 34% 24 months from the date of grant. The options expire five years from the date of grant.
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology, transforming Wi-Fi performance for residential and enterprise markets. Our advanced Wi-Fi silicon solutions, Access Points, and IP 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 Multi-Channel, 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 as upgrading from a single-lane road to a multi-lane 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 7 to 18 times performance gains in 75% of homes surveyed, with the most significant improvements seen in homes with the highest device density. Spectrum Slicing enhances user experience by optimizing spectrum usage and drives down operational costs, unlocking new revenue opportunities for service providers in residential and enterprise deployments.
For more information about Edgewater Wireless and its innovative Wi-Fi solutions, visit edgewaterwireless.com.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words 'expect', 'anticipate', 'continue', 'estimate', 'objective', 'ongoing', 'may', 'will', 'project', 'should', 'believe', 'plans', 'intends' and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless' actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
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