OTTAWA, Canada, December 7, 2017 /PRNewswire/ --
Edgewater Wireless Systems Inc. (TSX:
YFI.V), the manufacturer of WiFi3™ multi-channel WiFi technology is
pleased to announce that, due to growing interest, the company has
begun the process for a listing of its common shares on the
OTCQB.
"We have been seeing increased interest from US-based investors
resulting from the growing awareness of our success with the
CableLabs Fiterator Accelerator and the Wireless Broadband Alliance
Accelerator Programs, as well as, our continued engagement with our
F500 partner," said Andrew Skafel,
President & CEO of Edgewater Wireless. "We're excited to
improve access to US investors who are new to the Edgewater
Wireless story and our WiFi3 technology."
The application is subject to review and approval by the OTC
Markets Group Inc., a US trading platform aimed at venture market
companies. The management team is confident that the application
process will go smoothly and expects to be listed in early 2018.
Edgewater Wireless is engaging Berns and Berns
(http://www.bernsandberns.com) to guide the application process and
DTC.
Edgewater Wireless shares will continue to be listed in
Canada on the TSX Venture Exchange
under the symbol YFI.V . The Company will continue to prepare its
financial reports in accordance with International Financial
Reporting Standards, and to file all public regulatory filings on
SEDAR.
The Edgewater Wireless team also extends our thanks to LD Micro
for all of their efforts to hold the Main Event conference
originally to be held December
5th-7th, 2017 which has been cancelled
due to the wildfires in California. Presentation materials from the
Main Event can be found here:
http://www.edgewaterwireless.com/wp-content/uploads/2017/12/Edgewater-LD-MICRO-This-is-WiFi3.pdf
Edgewater's WiFi3™ powered
technology is the best Wi-Fi solution for carriers, service
providers and systems integrators to address the growing problems
of interference, capacity and critical mass of users which is
stretching WiFi and IOT networks to their breaking point.
Edgewater's patented technology
solves the high-density problem while also significantly reducing
the equipment investment and operating costs for new network
deployments.
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 (20) patents,
Edgewater's WiFi3™ is redefining
Wi-Fi technology with its wide-band, multi-channel radio and
high-capacity Access Point solutions, and delivering next
generation Wi-Fi, today.
The best solution for High-Density Wi-Fi 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 Wi-Fi network. and
aera.io
Explore the evolution of Wi-Fi at
http://www.EdgewaterWireless.com and http://www.aera.io .
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 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.
Edgewater Wireless Contact:
Matt Massey
T: +1 613-797-9628
E: mattm@edgewaterwireless.com
W: http://www.edgewaterwireless.com
SOURCE Edgewater Wireless Systems Inc.
