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U.S. Patent and Trade Mark Office awards Patent to Edgewater Wireless

V.YFI

Continues recognition of advanced interference mitigation techniques with the backdrop of WiFi7 and 5G

Highlights:

  • Expansion of IP portfolio further strengthens the Company’s leadership in Spectrum Slicing
  • New Intellectual Property (IP) bolsters Edgewater’s competitive position in the wireless hardware market
  • Patent grant awards and recognizes the Company’s highly differentiated approach to multi-channel signal processing and gain control
  • This newest IP enhances Edgewater’s multi-channel Spectrum Slicing capability regardless of wireless standards - WiFi6/6E/7 or 4G/5G

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce the United States Patent and Trademark Office (“USPTO”) has granted U.S. patent number 11,356,308; entitled “Automatic Gain Control (AGC) for Multichannel / Wideband Communications System”, marking the successful completion of the rigorous USPTO patent process and securing a key technological component of Spectrum Slicing.

With over 25 USPTO granted patents, Edgewater continues to show its ongoing commitment to protecting its innovations and positioning the Company for future growth. This strategy, to innovate on both the hardware-device and implementation side, spans across Spectrum Slicing to support the increasing value of Edgewater's intellectual property (IP) assets as the Company delivers its Spectrum Slicing next-generation Wi-Fi - today.

“As we begin to look at our patent portfolio as an additional source of revenue for the company, this new patent adds value to the company and our shareholders,” said Eric Smith, VP of Product of Edgewater Wireless Systems Inc. “This award energizes our current efforts to productize and package our technology for OEMs.”

USPTO 11,356,308: Automatic Gain Control (AGC) for Multichannel / Wideband Communications System

Automatic Gain Control (AGC) system for multi-channel signals attenuates an incoming multi-channel signal by providing a gain. The system further adjusts each individual channel, of the multi-channel signal, by supplying a second gain if needed. The AGC system is designed to ensure a received signal power is at an optimal level for analog to digital conversion or any other form of signal processing. The system also enables the elimination of mid-packet gain adjustments.

Edgewater’s Spectrum Slicing is a highly advanced signal processing technique that enables multiple radio (Wi-Fi) channels, or links, to operate within the same Wi-FI band in the same coverage area. Spectrum Slicing dramatically reduces co-channel (CCI) and adjacent channel (ACI) interference.

This additional patent award further deepens our leadership in Multi-Link Operation (MLO), arguably the most significant feature in the WiFi7 specification. Edgewater’s Spectrum Slicing is the only technology that force multiplies the available channels, or links, within a single Wi-Fi band, effectively allowing for the highest link density in the industry— improving latency by 50% and increasing aggregate Wi-Fi throughput 7- 18x in real-world Wi-Fi environments.

For further information, please visit www.edgewaterwireless.com or the USPTO at www.USPTO.gov.

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi silicon solutions, Access Points, and IP licensing designed to meet service providers' and their customers' high-density and high-quality-of-service needs. With a broad family of patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.

Edgewater’s physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway — regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the greatest improvements.

For more information, visit www.edgewaterwireless.com.

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.

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