U.S. Markets close in 5 hrs 49 mins

Edgewater Wireless, Global Tech Leaders Featured in 5G Connectivity Demonstration Video

OTTAWA, Ontario--(BUSINESS WIRE)--

Edgewater works with Comcast, Nokia, and other members of the Wireless Broadband Alliance’s NGH provisioning working group

At the Wireless Broadband Alliance (WBA)’s Global Congress in London, Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF), the industry leader in innovative WiFi Multi-Channel Single Radio (MCSR™) technology for residential and commercial markets, successfully demonstrated with major technology companies including Comcast (CMCSA) and Nokia (HEL:NOKIA), next-generation hotspot (NGH) provisioning – secure integration between WiFi and mobile networks that helps improve 5G technology and offers a seamless transition for the consumer.

“WiFi is the foundation for the 5G technology standard, and new addressable 5G-enabled revenues, according to a 5G Americas report, could be worth USD 582 billion by 20261 -- there will be a significant increase in wireless users, applications and devices,” said Eric Smith, Vice President of Product for Edgewater Wireless. “The NGH provisioning demonstration at the Wireless Global Congress proved a seamless and secure handoff between wireless and WiFi networks, which is essential to providing users a high quality and secure WiFi experience in a 5G future. We are pleased that Edgewater Wireless’s MCSR technology, which is designed to deliver high-quality WiFi in high-traffic environments, contributed to the WBA working group’s success and is well-positioned to take advantage of the market growth that lies ahead.”

Watch the WBA’s video here, featuring an interview with Eric Smith, which begins at 2:35.

Join us February 26 – March 1 at Mobile World Congress in Barcelona. To request a meeting, contact marketing@edgewaterwireless.com.

1Source: The 5G Business Potential 2017

About Edgewater Wireless

We make WiFi. Better.

Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative WiFi technology for residential and commercial markets. We deliver advanced silicon solutions designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 24+ patents, Edgewater’s Multi-Channel, Single Radio (MCSRtm) technology revolutionizes WiFi with its aera™ access point product line, delivering next-generation WiFi today.

The best solution for High-Density WiFi networks, Edgewater provides reference designs for easy OEM integration, enabling service providers to plan, build and deploy reliable, high-capacity services to meet data demand in any environment, while fewer access points means lower deployment costs.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190213005466/en/