Yahoo Finance Edgewater Wireless Partners with Trispec to Offer WiFi3 in Canada; Trispec Positions to Move Wireless Industry Forward in Canada with WiFi3
OTTAWA, CANADA - August 6, 2013 - Edgewater Wireless Systems Inc., (YFI;TSX.V) the global leader in WiFi3 next generation WiFi technology, today announced the company has partnered with Trispec, a leading wireless engineering and distribution company in Canada with operations across the country. The partnership will enable Trispec to leverage Edgewater Wireless's next generation WiFi3 technology and deliver a carrier grade, rapid deployment, scalable WiFi solution to the company's extensive customer base of telecom carriers, and internet service providers. The solution will enable Trispec customers to rapidly deploy advanced, next generation WiFi networks and customer solutions.
"Our partnership with Trispec comes at an exciting time in the Canadian telecom industry as carriers are investing heavily in WiFi to improve service delivery and offer a viable data offload solution," said Matt Massey, Vice-President of Marketing for Edgewater Wireless. "Trispec has a proven track record of deploying complex telecom projects in some of the most challenging and harsh environments in the country. They are also relied upon as a trusted partner by their customers and can now offer the only "Made in Canada" WiFi solution to Canadian telecom carriers."
Edgewater Wireless WiFi3 series of Next Generation WiFi Access Points enables 3-channels on a single radio delivering up to 50 times greater performance vs traditional WiFi and offering dramatically improved QoS (Quality of Service). WiFi3 achieves unparalleled performance by mitigating issues such as Adjacent Channel Interference (ACI) and offering industry leading capabilities such as the integrated Spectral Surveillance Architecture (SSA(TM)) - Edgewater's integrated, real time spectral monitoring feature which dramatically reduces operational expenses (OPEX) for carriers and service providers.
"As a channel for carriers and internet service providers in Canada, Trispec is excited to offer Edgewater's innovative, next generation WiFi solutions. Edgewater WiFi3 technology delivers the best QoS, performance and flexibility available on the market today," said Ron Masse, National Sales Director for Trispec. "Combining Edgewater's next generation WiFi technology with Trispec's advanced engineering and systems integration capability will result in a superior solution to the Canadian market and provide secure, easy to deploy, easy to manage and flexible high speed wireless internet services wherever our customers need them."
Edgewater Wireless is also pleased to announce that the company has engaged, subject to TSX Venture Exchange approval, Phoenix Communications Group to provide strategic investor relations and financial communication services. Phoenix will focus on providing investor relations advice and services to Edgewater Wireless. The company will pay Phoenix a $6,000.00 monthly fee for investor relations services. The company has agreed to grant the Phoenix Communications Group 500,000 share purchase options at an exercise price of $0.10 per share and 500,000 share purchase options at an exercise price of $0.15, vesting quarterly over 12 months, subject to the terms of it's shareholder approved option plan, TSX Venture Exchange vesting policies and TSX Venture Exchange approval of the investor relations agreement.
Contact:
-------------------------------------- |Andrew Skafel President, | | | |Edgewater Wireless | | | | | | | | 1.613.271.3710 x 501 | | | |AndrewS@edgewaterwireless.com | | | | Ron Masse Director, | | | |National Sales Trispec | | | |1.514.328.2025 | | | |rmasse@trispec.com | | | --------------------------------------
Jason Shepherd
Investor Relations for Edgewater Wireless
Phoenix Communications Group
+1 250. 717.1910
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-performance, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater Wireless' WiFi3 is redefining WiFi technology with its wideband, multi-channel radio and high-capacity Access Point solutions, and delivering next generation WiFi, today. For more information, please visit www.edgewaterwireless.com.
About Trispec Communications Inc.
Trispec engineering the how(TM) is an engineering and systems integration company that specializes in the design, supply and building of communications networks, Test and Measurement platforms, and alert systems. Trispec Communications Inc. is a wholly owned and private Canadian engineering and technology firm which has been providing ISPs, WISPs , Contractors and Major Telecommunications clients; such as Rogers, Telus, Bell, Shaw, Sasktel, Cogeco, Eastlink and others with industry recognized products and services for over 30 years. From optical networks to CATV solutions or Emergency Response Solutions, our highly skilled professionals set high standards in transforming ideas into profitable turnkey network platforms. www.trispec.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.
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