Edgewater Wireless Increases Size of Private Placement Offering

Edgewater Wireless Announces Increased Financing Plans

Edgewater Wireless Systems Inc. (TSX-V: YFI) is thrilled to share exciting news regarding its non-brokered private placement financing. Initially set at $1,100,000, the company has now decided to increase this amount to an impressive $1,950,000. This provides a remarkable opportunity for investors to acquire units at the attractive price of $0.05 each.

Details of the Private Placement

With this enhancement, Edgewater plans to issue up to 39,000,000 units, reinforcing its commitment to securing vital funding for growth initiatives. All the terms previously outlined in the offering will remain intact, making it a seamless transition for potential investors. The funding is subject to the approval of the TSX Venture Exchange, which is a necessary step in the process.

Innovative Technology at Edgewater Wireless

Edgewater Wireless is at the forefront of advancing Wi-Fi technology, dedicated to enhancing wireless connectivity. The company prides itself on its innovative Spectrum Slicing technology, which is designed to improve the performance and reliability of Wi-Fi in both residential and commercial settings. With 26 patents to its name, Edgewater stands out as a leader in Wi-Fi solutions.

What is Spectrum Slicing?

Spectrum Slicing, Edgewater's groundbreaking technology, allows multiple radios to operate efficiently within the same frequency band. This concept can be likened to expanding a single-lane road into a multi-lane highway, offering enhanced capacity and reducing congestion for Wi-Fi services. Recent tests conducted with a major Tier 1 Service Provider showcased remarkable performance enhancements, with improvements seen in a whopping 75% of the homes evaluated.

Proven Performance Enhancements

The results of a recent Proof of Concept (PoC) have shown performance gains between 7 to 18 times in homes equipped with many devices, highlighting the technology's effectiveness in high-density environments. As consumers continue to demand greater bandwidth and better connectivity, Edgewater Wireless is well-positioned to meet these growing needs.

Commitment to Quality

Edgewater Wireless aims to ensure high-quality service for its clients. The company is dedicated to developing cutting-edge Wi-Fi silicon solutions, Access Points, and IP licensing that cater to the evolving demands of service providers and their customers. This unwavering focus on innovation enhances the overall user experience, regardless of the scale of deployment.

Further Information

For those interested in learning more about Edgewater Wireless and their innovative offerings, detailed information is available on their official website. The commitment to making Wi-Fi better aligns with their extensive research and development efforts aimed at pioneering the next generation of wireless technology.

About Edgewater Wireless

As a transformative player in the Wi-Fi industry, Edgewater Wireless Systems Inc. is dedicated to improving how people experience wireless connectivity. Their expertise and commitment to innovation make them a preferred choice for customers seeking robust and efficient Wi-Fi solutions.

Frequently Asked Questions

What is Edgewater Wireless primarily focused on?

Edgewater Wireless specializes in advanced Wi-Fi technology, specifically through its innovative Spectrum Slicing technology, which enhances connectivity in dense environments.

What recent financial update has Edgewater Wireless announced?

The company announced an increase in its private placement financing from $1,100,000 to $1,950,000, indicating strong investor interest.

What is Spectrum Slicing and how does it benefit users?

Spectrum Slicing is a technology that allows multiple radios to operate in the same frequency band, significantly increasing wireless performance and reducing congestion.

How can I learn more about Edgewater Wireless?

You can visit their official website for detailed information about their innovative technology and product offerings.

What are the anticipated impacts of Edgewater's new funding?

The increased funding is expected to accelerate Edgewater Wireless's growth initiatives and enhance its capacity to deliver innovative solutions to its customers.

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