OTTAWA, Canada, January 31, 2018 /PRNewswire/ --
Edgewater Wireless Systems Inc. (YFI: TSX.V) (KPIFF: OTCMKTS), the developer of WiFi3™ - ultra-wideband, multi-channel WiFi technology for high-density/high-interference environments, has received purchase orders valued at $1,100,000 to supply WiFi3™ chipsets and radio cards to power a next generation smart retail solution for a major OEM customer.
"This sale is a major milestone for Edgewater Wireless - bringing WiFi3™ technology into the mainstream. WiFi3™ will be integrated into our partner's next generation smart retail solution to deliver an unparalleled retail experience to their customers," said Andrew Skafel, President & CEO of Edgewater Wireless. "We look forward to continuing and strengthening our long-term relationship with our partner as they deploy their innovative smart retail solution. Edgewater Wireless is supporting the development of their next-generation retail wireless network to create an enhanced customer experience powered by WiFi3™ chipsets and radio cards."
Edgewater Wireless WiFi3™ is the industry's only ultra-wideband WiFi chipsets and RF solutions delivering multiple concurrent channels of transmit and receive from a single WiFi standards compliant radio. For high-density environments, such as retail stores, arenas or offices, Edgewater Wireless' WiFi3™ radio cards and chipsets are the best solution for OEM's to handle the growing interference and network densification issues facing WiFi by optimizing the WiFi spectrum.
Edgewater's patented WiFi technology, chipsets and radio cards, reduce interference caused by multiple WiFi networks or devices operating in a high-density environment. Delivering the highest channel density in the industry means less hardware is required to deliver the highest quality of service to users. For more information on high-density WiFi solutions and OEM packages, visit: http://www.edgewaterwireless.com
About Edgewater Wireless Systems Inc. (YFI: TSX.V) (KPIFF: OTCMKTS):
Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced 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 (20) patents, Edgewater's WiFi3™ is redefining WiFi technology with its wide-band, multi-channel radios for OEMs and high-capacity Access Point solutions. We are delivering next generation WiFi, today.
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.
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, and 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.
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SOURCE Edgewater Wireless Systems Inc.