Options
Edgewater Wireless grants options to buy 2.9M shares
2024-02-21 07:42 ET - News Release
Mr. Andrew Skafel reports
EDGEWATER ANNOUNCES STOCK OPTION GRANT
Edgewater Wireless Systems Inc. has granted stock options pursuant to its 10-per-cent rolling stock option plan to certain directors, contractors and consultants of the company to purchase up to an aggregate of 2.9 million common shares of the company. The stock options are exercisable at five cents per share and expire five years from the date of grant.
About Edgewater Wireless Systems Inc.
Edgewater Wireless is the industry leader in innovative spectrum-slicing technology for residential and commercial markets. Edgewater Wireless develops advanced Wi-Fi silicon solutions, access points and IP (intellectual property) licensing designed to meet high-density and high-quality-of-service needs of service providers and their customers. With 26 granted patents, Edgewater's spectrum-slicing technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.
Edgewater's physical-layer spectrum slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of spectrum slicing like moving from a single-lane road to a multilane highway -- regardless of Wi-Fi technology. The recently completed proof of concept (PoC) with a major Tier 1 service provider showed seven to 18 times performance gains in 75 per cent of homes surveyed. Interestingly, homes with the most devices saw the