From December 2014 MD&ADuring the reporting period, the Company entered into patent licensing and monetization negotiations with a major US based tablet and handset manufacturer.
Building on relationships established throughout the period, and in pervious periods, the Company executed on the second phase of a pilot program with a major Fortune 5001 retailer and conducted technical training for key distributors
Additionally, through a competitive bid process, the company won a high-density Wi-Fi project at a large, ultramodern 2000-seat facility in Ottawa, Canada. With significantly high user density requiring access in a compressed time period, the project represents a major proof point for our high-density Wi-Fi value proposition as previous vendors struggled to provide even the most basic connectivity
In the previous reporting period, we announced a significant partnership with Tutela Technologies, a leading developer of real-time service quality and location based metrics for cellular providers and Wi-Fi operators. The partnership, designed to extend the capabilities of Edgewater’s solutions by delivering enhanced customer experience monitoring and location based services, successfully transitioned from concept to execution as part of the pilot with a Fortune 500 retailer.
At December 16, 2014, the directors and officers of the Company owned or controlled approximately 27.8% of the outstanding common shares of the Company. These shareholders have the ability to control or influence the outcome of most corporate actions requiring shareholder approval, including the election of directors of the Company and the approval of certain corporate transactions. The concentration of ownership of the Company may also have the effect of delaying or preventing a change in control of the Company.