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Strategic semiconductor investor, Silicon Catalyst-related participation and management backing reinforce confidence in Edgewater’s high-reliability Wi-Fi and Dual-Use Strategy

July 10, 2026 – Ottawa, Canada and Sunnyvale, USA – Edgewater Wireless Systems Inc. ( TSXV: YFI ) ( OTC: KPIFF ), the industry pioneer of AI-powered Wi-Fi Spectrum Slicing™ silicon solutions and IP, today highlighted its recently announced strategic investor-led first close as a strong validation point for the Company’s next-generation wireless roadmap.

As previously announced, Edgewater completed the first tranche of its non-brokered private placement for gross proceeds of  $429,152.79 , through the issuance of  7,152,547 units , subject to final acceptance of the TSX Venture Exchange (TSXV).

The first close included participation from a strategic semiconductor investor, additional Silicon Catalyst-related investor participation and management participation. Edgewater believes this support reinforces growing confidence in its patented Spectrum Slicing technology and its roadmap for high-reliability, low-latency wireless connectivity.

“This first close is an important validation milestone for Edgewater,” said Andrew Skafel, President and CEO of Edgewater Wireless. “Support from a strategic semiconductor investor, Silicon Catalyst-related participants and management sends a strong signal. It reflects growing confidence in Spectrum Slicing, and in our ability to move from validation to execution.”

With the first tranche now completed, Edgewater is advancing toward an anticipated second tranche of the private placement, subject to receipt of completed subscriptions, TSXV acceptance and customary closing conditions. The Company expects to provide a further update as the next tranche progresses.

“Wireless reliability is becoming a critical requirement for AI, autonomy, industrial systems and mission-critical edge applications,” added Skafel. “We believe Edgewater is positioned directly in front of that shift. The market needs Wi-Fi that is more predictable, more resilient and better suited to real-world interference.”

Edgewater’s Spectrum Slicing technology is designed to enable multiple concurrent channels within a Wi-Fi band, helping address congestion, interference and performance challenges in dense wireless environments.

The Company continues to see positive engagement from strategic, industry and investor audiences as it advances its roadmap.

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless is the industry pioneer in Wi-Fi Spectrum Slicing™ silicon solutions and IP. The Company’s patented, AI-powered Spectrum Slicing™ platform — delivered through the PrismIQ™ product family — is designed to enable multiple concurrent channels within a single band, delivering more usable capacity, lower latency and more reliable performance in congested wireless environments.

PrismIQ™ powers Edgewater’s Wi-Fi 8-ready solution set for Ultra High Reliability and predictable performance across residential, enterprise and Industrial IoT deployments, while opening adjacent opportunities in drones, UAVs, robotics, defence and other mission-critical applications where resilient wireless performance is essential.

With 26 granted patents, three AI-related patent applications pending and a capital-efficient fabless semiconductor model, Edgewater is building the intelligent wireless foundation for the next era of global connectivity.

Visit https://edgewaterwireless.com

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Edgewater Wireless Contacts:

Andrew Skafel, President and CEO

E: andrews@edgewaterwireless.com

Bill Mitoulas, Investor Relations

E: ir@edgewaterwireless.com

T: +1.416.479.9547

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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