EWCS News ECSI completed a number of financial transactions including the sale of a portion of its equity holdings in Edgewater Wireless Systems Inc. (YFI;TSXv) culminating in the sale of 1,400,000 shares on 26 March 2018. Based on the company’s current forecast, these transactions ensure adequate capitalization required to support future business opportunities anticipated through the balance of the year. The passing of the U.S. budget to provide funding through the balance of the U.S. fiscal year is an important event that enables the U.S. DoD to advance funding for new program starts.
About Edgewater Computer Systems, Inc.
Founded in 1988, ECSI is a Canadian Controlled Private Corporation (CCPC) that specializes in real-time data communications systems for multiple markets including military and commercial aerospace and defence. Edgewater Computer Systems, Inc. key technology solution was standardized by the NATO Standardization Organization (NSO) as STANAG 7221. ECSI spun out Edgewater Wireless Systems Inc. (YFI;TSXv) in 2011 as a separate, publically traded entity. ECSI remains, and is proud to remain, a significant shareholder in Edgewater Wireless.