Replies to post #142 on Edgewater Wireless Systems Inc (KPIFF)

[Don jr]

Year old news but some interesting stuff.

OTTAWA, Ontario--(BUSINESS WIRE)--

Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF), the developer of WiFi3™ ultra-wideband, multi-channel WiFi for high-density/high-interference wireless applications, today announced the company’s Artificial Intelligence Radar (A.I.R.) module leveraging Galgus Cognitive Hotspot Technology. Edgewater Wireless aera™ access point products will offer A.I.R. as a standard feature to deliver the world’s first intelligent, real-time device tracking within any network coverage zone.

A.I.R. uses an in-real-time artificial intelligence engine to learn from and adapt to any network environment or coverage zone with no setup required by the network operator. A.I.R. relies on patent-pending advanced algorithms to detect, range and track any WiFi-enabled device without the expense of additional monitoring hardware and no additional demands on network throughput or performance. A.I.R.’s intelligence engine automatically learns and adapts to the physical location or floor plan of any WiFi environment – with or without line of sight, and is accurate to within 6ft.

Combined with the advanced features of Edgewater Wireless multi-channel WiFi3™including real-time, integrated Spectral Surveillance Architecture™, Edgewater Wireless aera™ access point products with A.I.R. will give network operators accurate locationing of devices and their users physically moving through the network. A.I.R. has multiple applications including; network optimization, surveillance and security, asset tracking, customer locationing and more. As an added benefit, A.I.R. doesn’t require any device connection or apps to locate smart phones, laptops, tablets and other WiFi-capable devices within the network coverage zone.

“The capabilities of our multi-channel WiFi3™ with Artificial Intelligence Radar creates a never-before-seen wireless positioning system with extremely high resolution capable of tracking anyone or anything with a WiFi capability through a coverage zones.” said Eric Smith, VP Product with Edgewater Wireless “With A.I.R.’s adaptive artificial intelligence capabilities, WiFi3™powered AERA access points learn and adapt to the coverage zone. We’re giving network operators the real time data they need to optimize their WiFi network as devices and users as they flow through coverage areas.”

“Galgus CHT integrated into aera™ access points with WiFi3™ creates new opportunities to better utilize WiFi deployments and the data they generate for businesses and operators across multiple industries,” said Jose Gonzalez, CEO of Galgus. “Thanks to the advanced capabilities of Edgewater Wireless multi-channel WiFi3 the A.I.R. solution will be unbeatable in both precision and ease of deployment and operation.”

A.I.R. brings real-time intelligence to locate any WiFi-enabled device passing through the coverage zone. Network operators can take advantage of A.I.R. to better understand and analyze location traffic patterns, enhance user experiences and optimize networks for sticky clients, enhance physical security, physical asset tracking and much more.

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.

Explore the evolution of Wi-Fi at www.EdgewaterWireless.com

About Galgus:

Galgus develops and markets an unique WiFi technology that is currently being used by numerous OEMs and system integrators worldwide to deliver high-performing WiFi networks. Galgus’ Cognitive Hotspot™ Technology (CHT) is an embedded generic software that makes WiFi networks intelligent and optimizes spectral efficiencies for WiFi routers and Access points (APs).

CHT increases WiFi performance (Goodput) by up to 400%, while reducing interference levels and power consumption, especially in high-user density environments. CHT creates a fully distributed Wi-Fi network, making each AP intelligent. APs with CHT measure key network metrics, exchange them with neighboring APs and together optimize radio resources in real-time. A WiFi network with CHT is more reliable, better performing, greener, and delivers a flawless QoS (Quality of Service) for every connected user and thing (IoE).

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.


View source version on businesswire.com: https://www.businesswire.com/news/home/20180411005791/en/

[Don jr]

WCS Europe Features Edgewater Wireless Products at IT Partners Trade Show
Business Wire Business Wire•March 11, 2019
VERSAILLES, France & OTTAWA, Ontario--(BUSINESS WIRE)--

Edgewater’s MCSR™ silicon solutions and aera™ access points improve WiFi performance in high-traffic environments; will be on display at WCS Europe’s exhibit stand K37

WCS Europe, an affiliate of Wesley Clover Services International, a leading distributor of solutions that facilitates the digital transformation of companies, announced today that it will feature the WiFi solutions of Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF) at the upcoming IT Partners Trade Show in Paris March 13th and 14th. Edgewater Wireless is the industry leader in innovative WiFi Multi-Channel Single Radio (MCSR™) technology for residential and commercial markets. The company is a partner with WCS Europe, and its products are included in WCS Europe’s solutions portfolio.

The annual IT Partners Trade Show is the leading event of channel IT, telecom and audiovisual executives. Last year, the Trade Show attracted 14,000 attendees, including more than 6300 key decisionmakers from major companies across the continent.

“We are eager to showcase Edgewater’s unique MCSR solutions at the IT Partners Trade Show,” said Lionel Hovsepian, President of WCS Europe. “Edgewater is transforming WiFi by solving the WiFi transmission and reception problems brought on by increased traffic, wireless devices and applications. Edgewater offers both commercial and residential WiFi providers an effective and cost-efficient approach to improving WiFi service quality in high density situations.”

“With the inevitable increase in WiFi devices and with 5G moving closer to reality, interference, especially in high density areas, will become a more frequent occurrence if the legacy single-channel radio approach continues,” said Andrew Skafel, President and CEO of Edgewater Wireless. “Our patented MCSR technology is an essential component for providers to deliver the high-quality service their customers demand. We greatly appreciate WCS Europe’s continued support and efforts on our behalf to further grow our business.”

About WCS Europe

WCS Europe facilitates the digital transformation of companies. We distribute innovative solutions that address the main challenges of digital transformation: business processes, mobility, customer relationship and experience, enterprise data, security and agility of the information system. All the WCS Europe solutions aim to promote new uses to increase productivity and business growth. Several of these solutions are deployed in the cloud and marketed in SaaS mode. For more information about WCS Europe please visit www.wcs-europe.com.

About Edgewater Wireless

We make WiFi. Better.

Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative WiFi technology for residential and commercial markets. We deliver advanced silicon solutions designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 24+ patents, Edgewater’s Multi-Channel, Single Radio (MCSR™) technology revolutionizes WiFi with its aera™ access point product line, delivering next-generation WiFi today.

The best solution for High-Density WiFi networks, Edgewater provides reference designs for easy OEM integration, enabling service providers to plan, build and deploy reliable, high-capacity services to meet data demand in any environment, while fewer access points means lower deployment costs.

Explore the evolution of Wi-Fi at www.EdgewaterWireless.com and 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.


View source version on businesswire.com: https://www.businesswire.com/news/home/20190311005467/en/

Contact:
WCS Europe
Luc Hallion
VP, Marketing
T: [phone]
E: [e-mail]
W: www.wcs-europe.com

Edgewater Wireless Investors
Andrew Skafel
President and CEO
T: [phone]
E: [e-mail]
W: www.edgewaterwireless.com

[Don jr]

Global Invacom Selects Edgewater Wireless for Bx-WiFi Partnership
Business Wire Business Wire•March 14, 2019
SINGAPORE & LONDON & OTTAWA, Ontario--(BUSINESS WIRE)--

Revolutionary high-density WiFi platform to be used for Bx-WiFi development

Global Invacom (QS9.SI) (GINV.L), a global provider of satellite communications equipment, is pleased to announce a partnership (the “Partnership”) with Edgewater Wireless Systems Inc (YFI:TSX.V) (KPIFF), (“Edgewater”) for the further development of Broadcast WiFi (“Bx-WiFi”), a technology that enables live, high quality and large-scale event video streaming over a Wi-Fi network.

Edgewater is an industry leader in innovative WiFi Multi-Channel Single Radio (MCSR™) technology for residential and commercial markets. The Partnership will leverage Edgewater’s expertise to further develop the existing Bx-WiFi technology and will provide access to Edgewater’s professional grade WiFi technology, engineered to support high-client density applications. Access to Edgewater’s MCSR™ platform will enable large scale testing over a high-quality network designed to withstand increasing use of WiFi and mobile devices within stadiums and arenas.

Bx-WiFi was first unveiled and successfully live-tested by the BBC and Global Invacom in August 2017 at the Edinburgh Fringe Festival, the largest arts festival in the world. The breakthrough technology enables simultaneous streaming of uninterrupted audio or video content from multiple sources to thousands of smartphone or tablet devices, all connected to a hotspot in the same venue, such as a concert, conference or sporting fixture. It uses Forward Error Correction to maintain video quality, and multicast technology that minimises bandwidth usage when a large number of users are simultaneously streaming.

According to Statista (November 2018), more than 619.7 million people attended music and sporting events worldwide in 2018, generating more than USD 63.7 billion in revenue and rising this year to a projected 653.8 million+ attendees and USD 71.7 billion in revenue. As live sports fans, event attendees and concertgoers pour into these venues, they expect to be able to access high-quality WiFi service without disruption or delay, regardless of how many users and devices are being used simultaneously. The Partnership solves the problems of WiFi reception and transmission in high-traffic venues by adding Edgewater’s MCSR solutions to Global Invacom’s Bx-WiFi technology.

Steven Fisher, Systems Architect at Global Invacom, commented: “We’re thrilled to be partnering with Edgewater to further develop our Bx-WiFi technology. Access to Edgewater’s experience and industry know-how will enable us to improve and enhance our existing technology without customer grade hardware limitations.”

“We are very pleased to be working with Global Invacom and to be testing the Bx-WiFi technology over our footprint of WiFi hotspots. This partnership will allow us to push the boundaries of our hardware and could set a new record number for video streaming to a device on each hotspot,” said Eric Smith, VP of Product for Edgewater Wireless. “Applications like Bx-WiFi further enhance the capabilities of our MCSR™ technology and further drive market demand.”

For further information, please contact:

Global Invacom Group Limited
www.globalinvacom.com

Matthew Garner, Chief Financial Officer Tel: [phone]
Tel: [phone]


finnCap Ltd (Nominated Adviser and Joint Broker)
www.finncap.com

Christopher Raggett / Matthew Radley (Corporate Finance) Tel: [phone]

Mirabaud Securities LLP (Joint Broker)
www.mirabaud.com

Peter Krens (Equity Capital Markets) Tel: [phone]

WeR1 Consultants Pte Ltd (Singapore Investor Relations)
www.wer1.net

Jordan Teo / Ryan del Agua Tel: [phone]
[e-mail]


Vigo Communications (UK Media & Investor Relations)
www.vigocomms.com

Jeremy Garcia / Fiona Henson / Charlie Neish Tel: [phone]
[e-mail]

About Global Invacom Group Limited

Global Invacom is a fully integrated satellite equipment provider with six manufacturing plants across China, Israel, Malaysia, UK and the US. Its customers include satellite broadcasters such as BSkyB of the UK and Dish Network of the USA.

Global Invacom provides a full range of antennas, LNB receivers, fibre distribution equipment, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in military, medical, and consumer electronics industries. Following the acquisition in 2015 of Global Skyware, a leading US-based designer and supplier of satellite antennas products and services, the Company became the world’s only full-service outdoor unit supplier.

Global Invacom is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and its shares are admitted to trading on the AIM Market of the London Stock Exchange.

For more information, please refer to www.globalinvacom.com

About Edgewater Wireless

We make WiFi. Better.

[Don jr]

122K all buys today keep an eye out. Good stuff for investors.

Third Quarter Financial Highlights

Q3 2019 revenues of $188,871, which marked a sequential quarter-on-quarter growth of 47.7% and 802% increase over the same quarter a year earlier:
For the reporting period, we continued to regularly supply our major customer and continue to ramp production capabilities;
Revenue and backlog represent an increase in customer diversity over the previous quarter as we deepened relationships in the Cable Broadband Industry with repeat business received late in the period from existing customers.
Gross Margin of 24.7%, tracking tightly with the 25.9% and 25.5% achieved in the past two quarters confirming our strong focus on cost management. Upon reaching volume production, our target is to achieve 45-50% Gross Margin.
Order backlog of $888,480 which represented increased customer diversity and includes orders received late in the period and in the current period. This illustrates progress in fulfilling orders as well as additions to our order book.
Net loss totaled $813,100 for the quarter compared to $925,896 in the same quarter a year earlier. Adjusting for non-cash charges which were largely represented by compensation expense of $311,749 directly related to our first grant of options to employees, officers and directors since early 2017, this resulted in a cash burn rate in the quarter of $164,450 per month on average compared to $255,870 per month in the same quarter a year earlier.
Q3 Accomplishments

For the reporting period, we worked alongside industry giants and disruptors, developing and implementing software applications designed to drive adoption of our silicon solutions in the global residential and enterprise markets.

Key highlights include:

The resounding success of the Wireless Broadband Alliance (WBA) demonstration featuring Edgewater Wireless technology at the WBA’s Wireless Global Congress: Edgewater Wireless was part of a WBA working group that included Comcast (CMCSA), Nokia (NOKIA.HE), Global Reach and BSG Wireless that demonstrated a world’s first of its type handoff from a mobile network to a WiFi network seamlessly and securely without user intervention.
The latest enhancements to our aera™ Fluid MX controller: Deployed at Wagener Stadium and outside the reporting period, at a major MSO, these enhancements 1) enable the management and control of hundreds or thousands of MCSR™ powered access points, helping to drive adoption of our chipsets in access points for the home and business markets; and 2) enhance our aera™ product line by delivering industry-leading features and functionality.
Initiated the first phase of design improvements to our silicon solutions with a major European vendor: During the reporting period, we completed the first phase of design improvements geared to establishing a platform for scale and creating the foundation for growth in the higher volume residential market.
Increased our focus on industry and corporate communications: Strategically positioned to capture industry momentum post-Consumer Electronics Show (CES) and pre-Mobile World Congress (MWC), we kicked off an ongoing series of webinars and marketing activities designed to raise our profile on the global stage. These efforts create a platform that positions Edgewater Wireless as an industry thought leader in high density WiFi. The first two webinars can be found here.
Strengthening our IP portfolio: Outside the reporting period, we were granted a patent by the United States Patent Office (USPTO) for Automatic Gain Control (AGC) for a multi-channel / wideband communication system. Protecting our unique approach by building a strong family of patents is a key element of our strategy to create a strong foundation for shareholder value.
Selected by Global Invacom: Outside the reporting period, Global Invacom, a worldwide leader in satellite broadcast solutions equipment, contracted Edgewater to further develop of its Broadcast WiFi (Bx-WiFi) technology. First unveiled and successfully live-tested by the BBC and Global Invacom at the Edinburgh Fringe Festival, Bx-WiFi, when run on Edgewater’s MCSR™ technology, will provide a powerful platform for high-quality, large-scale video streaming where traditional, single channel WiFi struggles to perform such as in venues or at festivals.
“This has been a pivotal quarter for our company,” said Andrew Skafel, President and CEO of Edgewater Wireless. “We not only increased revenues and continued our growth trajectory upward, but our activities with customers and industry partners diversified and generated repeat and recurring orders, indicating a heightened level of operational maturity. Our team has done a phenomenal job enhancing our technology, promoting our thought leadership and developing our business to include moving into the residential WiFi sector. We are all eager to keep the momentum going.”

The Financial Statements and Management Discussion & Analysis have been posted on SEDAR.