Mr. Andrew Skafel reports

EDGEWATER WIRELESS APPOINTS SEASONED TELCO EXECUTIVE NICOLAS FORTINEAU TO ACCELERATE ITS SPECTRUM SLICING WI-FI7 GO-TO-MARKET STRATEGY

Edgewater Wireless Systems Inc. has appointed Nicolas Fortineau as vice-president of marketing. The appointment marks a significant milestone in the company's growth journey as the company scales its commercial capabilities supporting its next generation of Spectrum Slicing powered Wi-Fi7 silicon solutions. As the new VP of marketing, Fortineau will spearhead Edgewater's global go-to-market strategy and expansion initiatives, ensuring the company capitalizes on its recent successes to reach its next milestone.

"We are thrilled to welcome Nicolas to the Edgewater team," said Andrew Skafel, president and chief executive officer of Edgewater Wireless. "His expertise in marketing strategy and deep understanding of the service provider business landscape makes him an invaluable addition to our leadership team. We are confident that Mr. Fortineau will strengthen our go-to-market efforts and help accelerate our growth trajectory."

Mr. Fortineau will oversee Edgewater's service provider go-to-market efforts and strategy. Before joining Edgewater, he was executive vice-president and chief marketing officer for Airties, a private equity-backed global leader of managed Wi-Fi solutions for broadband providers. Previously, his tenure at Liberty Global spanned more than a decade. Most recently, he oversaw group product development efforts for connectivity across seven countries for Liberty Global's residential and SoHo customers while serving as product director of connectivity platforms. In this role, he spearheaded development efforts across networks, CPE, cloud services and data insight disciplines -- leveraging the best technology, such as Wi-Fi, 5G, cloud computing and artificial intelligence (AI), to improve consumers' digital lives. Mr. Fortineau is the founder of Polaris Lab, a consultancy helping companies to accelerate their growth.

This appointment comes in the broader context of growth for Edgewater Wireless, to be supported by an anticipated blend of traditional and non-dilutive growth capital, newly formed strategic alliances and government programs anchoring silicon production in North America, and further market penetration of Edgewater's recently launched next generation Wi-Fi 7 product line.

About Edgewater Wireless Systems Inc.

Edgewater Wireless is the industry leader in innovative spectrum slicing technology for residential and commercial markets. It develops advanced Wi-Fi silicon solutions, access points and Internet protocol licensing designed to meet service providers' and their customers' high-density and high-quality-of-service needs. With 26 granted patents, Edgewater's multichannel, single radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.

Edgewater's physical-layer spectrum slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of spectrum slicing like moving from a single-lane road to a multilane highway -- regardless of Wi-Fi technology. The recently completed proof of concept (PoC) and pilot with a major Tier 1 service provider showed seven to 18 times performance gains in 75 per cent of homes surveyed. Interestingly, homes with the most devices saw the most significant improvements.

We seek Safe Harbor.