Edgewater Wireless Applies to Extend Warrants
Edgewater Wireless Systems Inc. (TSX.V : YFI) (OTCQB: KPIFF), the developer of WiFi3™ wideband, concurrent multi-channel WiFi chipsets and access point products for high-density wireless networks proposes to extend the term of an aggregate
of 4,777,112 outstanding share purchase warrants set to expire on July 14, 2018 and July 24, 2018 by two years to July 14,
2020.
The warrants were issued pursuant to a non-brokered private placement of units completed by the Company in two tranches on July
14, 2015 and July 24, 2015 with an original term of three years. The exercise price of the warrants will remain at $0.375 per
share. The extension of the warrants is subject to the acceptance of the TSX Venture Exchange.
Backed by 24 patents, Edgewater’s WiFi3™ is the best solution for high-density WiFi applications. Edgewater’s patented
technology mitigates adjacent and co-channel interference to enable multiple, concurrent channels of transmit and receive from a
single WiFi standards-compliant radio. Delivering the highest channel density in the industry means fewer access points to deliver
the highest quality of service for users in high-density environments. For more information on High-Density WiFi solutions and
WiFi3™ OEM development kits visit: www.edgewaterwireless.com or www.aera.io
About Edgewater Wireless Systems Inc.:
Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications
market. Edgewater Wireless delivers advanced product solutions designed to meet the high-density, high quality of service (QoS) and
high-reliability needs of service providers and their customers. Leveraging over twenty-four (24) patents, Edgewater’s WiFi3™
is redefining WiFi technology with its wide-band, multi-channel radio and high-capacity Access Point solutions, and delivering next
generation WiFi, today.
The best solution for High-Density WiFi networks, Edgewater Wireless WiFi3 powered access point products enable innovative
service providers to plan, build and deploy reliable, high-capacity services (like VoWiFI) for high-density wireless data demand in
any environment.
Do more with less! Fewer access points delivering high quality service at a lower overall deployment cost make our patented
WiFi3™ technology the right choice for your next WiFi network.
Explore the evolution of Wi-Fi at www.EdgewaterWireless.com and www.aera.io/
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable
securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will",
"project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or
statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and
information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because
Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is
subject to various risks and uncertainties, which could cause Edgewater Wireless’ actual results and experience to differ
materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to
access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are
cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this
news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended
purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Edgewater Wireless Investors:
Matt Massey, +1 613-797-9628
VP, Marketing
mattm@edgewaterwireless.com
W:
www.edgewaterwireless.com
or
Edgewater Wireless Media:
Greg Cross
greg@penvine.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20180628006463/en/