Edgewater Wireless Systems Inc (KPIFF)

[KPIFF-LDDFF]

Wesley Clover…

One of the original selling points for me back in 2017 (https://www.reddit.com/r/EdgewaterWireless/s/B7cjbki8WC)



Edgewater Wireless Announces Letter of Intent with WCS Europe for Next-Generation Wi-Fi Spectrum Slicing Powered Access Point Solutions

https://www.reddit.com/r/EdgewaterWireless/s/Hkvpg2fBcV




“

is pleased to announce the signing of a Letter of Intent (the “LOI”) with Wesley Clover Services Europe (“WCS Europe”). The LOI contemplates the provision of Edgewater’s next-generation Wi-Fi Spectrum Slicing powered access point solutions for a wide range of enterprise applications, including Industrial Internet of Things (IIoT) applications.

The LOI builds on an earlier established and expanded distribution agreement between the Company and WCS Europe and follows a successful pilot and field deployment in a ground-breaking IIoT application.

Initial deliveries of Edgewater’s next-generation Wi-Fi Spectrum Slicing powered access point solutions totalling approximately $400,000 are planned for later this calendar year (subject to final commercial terms).

“We are thrilled with the commercial progress WCS Europe has developed, and we are looking forward to further strengthening our partnership as they expand our addressable market to include Industrial Internet of Things applications,” said Andrew Skafel, President and CEO of Edgewater Wireless. “In challenging RF environments where legacy, single-channel Wi-Fi solutions struggle to deliver even baseline performance, the need for multi-channel/link solutions is growing beyond our initial target application(s) of home and enterprise Wi-Fi.”

“Edgewater’s Wi-Fi Spectrum Slicing technology clearly addresses a business driver in the IIoT space where an increasing reliance on Wi-Fi to provide industrial automation and control requires a robust, low latency Wi-Fi connection,” said Lionel Hovsepain, President of Wesley Clover Services Europe.

The LOI is subject to, amongst other things, the execution of a definitive purchase agreement and project financing