2015-05-12 08:22 ET - News Release
Mr. Andrew Skafel reports
ZINWAVE FORMS STRATEGIC ALLIANCE WITH EDGEWATER WIRELESS TO INTEGRATE WIFI3 TECHNOLOGY INTO DAS SOLUTIONS
Zinwave, a leading supplier of wide-band DAS technology for in-building wireless and Internet protocol coverage, has formed a strategic alliance with Edgewater Wireless Systems Inc. Zinwave will be integrating WiFi3 into its proven DAS offering to provide the industry's first dedicated high-density, multichannel wireless and Wi-Fi coverage solution.
Zinwave's new range of wireless products (launched at Mobile World Congress) will now include Edgewater Wireless's WiFi3 technology and will extend Zinwave's proprietary DAS solutions into a turnkey 360-degree solution for in-building wireless and Wi-Fi networks. Zinwave's Wi-Fi-enhanced product, branded as UNIaccess, is specifically designed to address high-density network requirements. Stadiums, arenas, hotels and casinos, convention centres, corporate and college campuses, shopping malls, and high-pedestrian-traffic urban areas will benefit from WiFi3 technology.
"We're excited to form this alliance with Zinwave. They recognized the inherent value of Edgewater's patented WiFi3 technology for high-density Wi-Fi applications," said Andrew Skafel, chief executive officer of Edgewater Wireless. "This strategic alliance with Zinwave represents a major step in the OEM/licensing pillar of our three-part market expansion strategy highlighted at our recent AGM. This alliance, coupled with our early success on the patent licensing front and our current engagement with a Fortune 500 retailer, has created immediate opportunities for sales and company growth on all fronts."
As a strategic partner, Zinwave will market and sell Zinwave's WiFi3-powered products for DAS applications. The new series of UNIaccess products will include Edgewater Wireless's patented high-capacity WiFi3 technology within its unique wide-band active DAS solution.
"We've solved the biggest challenge for high-density networks -- capacity," said Ian Sugarbroad, chief executive officer of Zinwave. "Including Edgewater's high-density WiFi3 technology as part of our integrated unified communications solution answers this challenge. We already have a huge capex advantage with our UNItivity solution, and with the addition of WiFi3, we now have an even better technology advantage for network operators with high-capacity network requirements."
Zinwave's wide-band in-building wireless and IP coverage system, UNItivity, supports any combination of services between 150 megahertz to 2,700 megahertz on a single hardware layer, regardless of protocol or modulation scheme. It is also the only system to support multiple FDD and TDD LTE services simultaneously across any spectrum allocated globally.
Additionally, Edgewater has received regulatory approval from the exchange to grant previously awarded options to directors, officers, employees and consultants of the company to purchase up to 4.5 million common shares at a price of five cents per common share for a period of 10 years from the date of grant. Granted in December, 2014, the options are subject to three-year vesting provisions.
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