Edgewater Wireless Systems Inc V.YFI

Alternate Symbol(s): KPIFF

Technology Communication Equipment

Edgewater Wireless Systems Inc. is engaged in Spectrum Slicing technology for residential and commercial markets. The Company develops advanced wireless fidelity (Wi-Fi) silicon solutions, access points, and intellectual property (IP) licensing designed to meet the service needs of service providers and their customers. Its physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Its silicon solutions are products delivering multiple, concurrent channels of Tx and Rx from a single, Wi-Fi standard compliant radio. Its Spectrum Slicing powered products are designed to address the needs of carrier-class, high-density Wi-Fi for both residential and commercial deployments. Its products are designed with its comprehensive, user- friendly and intuitive Element Management System-EdgeNet, that offers service providers with flexibility in configuring and independently monitoring each 802.11 channel in the network.

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Edgewater Wireless Systems Inc > We want LEodoluv's commentaries about this private placement

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Comment by Pandoraon Mar 12, 2021 9:54pm

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Post# 32791653

RE:RE:RE:We want LEodoluv's commentaries about this private placement

It is intended that the maximum proceeds of $800,000 from the Offering will be used for:

Operating Expenses, including sales, marketing and business development ($240,000);

Engineering and Product Development ($320,000) and

Working Capital ($240,000).

The Company may reallocate the proceeds from the Offering as may be required depending upon the development of the Company’s business.

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