Mr. Andrew Skafel reports

EDGEWATER WIRELESS ANNOUNCES MULTIPLE REQUESTS FOR ENGINEERING SAMPLES OF BREAKTHROUGH MLX 488 WIFI7 PLATFORM

Edgewater Wireless Systems Inc. has provided an update on strong demand from multiple Tier 1 service providers and OEMs (original equipment manufacturers) supported by requests for engineering samples of Edgewater's cutting-edge MLX 488 Wi-Fi7 spectrum slicing platform. Edgewater is currently undertaking focused engineering efforts and is targeting delivery in Q2 2024.

Engineering samples represent beta editions of integrated circuits intended for compatibility, validation or demonstration purposes. They are commonly provided to OEMs and service providers before the official chip launch, facilitating production development or showcasing innovative features and functionality.

Edgewater's MLX 488 Wi-Fi7 platform is the world's first silicon solution to couple the performance of Wi-Fi7 with the proven robustness and flexibility of Wi-Fi spectrum slicing. Highly differentiated features include:

• Patent-pending, AI-enabled (artificial intelligence), dynamic channel width selection supporting up to 28 concurrent links/channels;
• Multiflex MLO -- the first high performance multilink operation (MLO) solution engineered to support multiple, concurrent MLO connections;
• Intelligent Channel Association (ICA) optimizes device and application layer performance;
• Plus standard Wi-Fi7 features such as up to 320-megahertz wide channel support, MLO and 4K QAM.

Nicolas Fortineau, newly appointed vice-president of marketing for Edgewater Wireless, stated: "The promising trial results presented by Edgewater alongside public endorsement by a major Tier 1 have shown how spectrum slicing has the potential to transform the broadband customer experience -- even for legacy devices. As a result of the PoC [proof of concept] and pilot, there has been significant interest from a growing number of Tier 1s and OEMs as they request samples of our latest silicon. Edgewater offers service providers a way to dramatically improve performance for the billions of existing devices deployed, plus bringing the latest Wi-Fi7 features to new devices. It's a massive win and a thrilling time in the growth and evolution of Edgewater."

With Edgewater's Wi-Fi spectrum slicing, service providers and vendors are no longer forced to replace all existing devices, such as Wi-Fi4/5/6, on the network to benefit from the evolving Wi-Fi7 standard. In other words, the more than 20 billion existing Wi-Fi devices, such as TVs, smart phones and gaming consoles, do not need to be replaced to realize the gains associated with spectrum slicing -- plus the newest devices can benefit from the latest Wi-Fi7 standard. Using advanced signal processing techniques, spectrum slicing is proved to deliver dramatically lower latency (50 per cent or more) and seven to 18 times performance gains over legacy, single-channel Wi-Fi architectures -- for existing and new devices.

Growth for Edgewater Wireless is 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-Fi7 product line.

About Edgewater Wireless Systems Inc.

Edgewater Wireless is the industry leader in innovative spectrum slicing technology for residential and commercial markets. The company develops advanced Wi-Fi silicon solutions, access points and IP (Internet protocol) licensing designed to meet the high-density and high-quality-of-service needs of service providers and their customers. With 26 granted patents, Edgewater's spectrum slicing 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) 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 greatest improvements.

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