OTTAWA, Ontario–(BUSINESS WIRE)–Edgewater Wireless Systems Inc. (TSX.V:
KPIFF), the developer of WiFi3™ multi-channel WiFi chipsets
and access point products for high-density wireless networks is
announcing it has received approval from the TSX Venture Exchange for
the previously announced amendment to extend the term of an aggregate of
6,167,625 outstanding share purchase warrants set to expire on August
24, 2018 by two years to August 24, 2020.
The warrants were issued pursuant to a non-brokered private placement of
units completed by the Company on August 24, 2016 with an original term
of two years. The extension to the term of the warrants is subject to
the acceptance of the TSX Venture Exchange.
The expiry date of the warrants was extended to August 24, 2020.
For further information on the amendment of the warrants, please see the
Company’s news release issued on August 10th, 2018.
Backed by 24 patents, Edgewater’s WiFi3™ is designed for high-density
WiFi applications. Edgewater’s technology mitigates adjacent and
co-channel interference to enable multiple, concurrent channels of
transmit and receive from a single WiFi standards-compliant radio.
Delivering the highest channel density in the industry means fewer
access points to deliver the highest quality of service for users in
high-density environments. For more information on High-Density WiFi
solutions and WiFi3™ OEM development kits visit: www.edgewaterwireless.com or www.aera.io
About Edgewater Wireless Systems Inc.:
Edgewater Wireless develops and commercializes leading edge technologies
and intellectual property for the communications market. Edgewater
Wireless delivers advanced product solutions designed to meet the
high-density, high quality of service (QoS) and high-reliability needs
of service providers and their customers. Leveraging over twenty-four
(24) patents, Edgewater’s WiFi3™is redefining WiFi
technology with its wide-band, multi-channel radio and high-capacity
Access Point solutions, and delivering next generation WiFi, today.
The best solution for High-Density WiFi networks, Edgewater Wireless
WiFi3 powered access point products enable innovative service providers
to plan, build and deploy reliable, high-capacity services (like VoWiFI)
for high-density wireless data demand in any environment.
Do more with less! Fewer access points delivering high quality service
at a lower overall deployment cost make our patented WiFi3™technology
the right choice for your next WiFi network.
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 THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.