Mr. Andrew Skafel reports

EDGEWATER WIRELESS REPORTS RESULTS OF ANNUAL GENERAL MEETING

At Edgewater Wireless Systems Inc.'s annual general meeting of shareholders held on Dec. 15, 2015, all resolutions proposed to shareholders were duly passed. The entire Edgewater Wireless board of directors and management were in attendance, as well as a senior members of the Edgewater team and a diverse group of shareholders. The number of directors was set at four, with the election of the following individuals as directors of the company: Duane Anderson, Claude Haw, Hubert Whyte and Lewis Dillman. Additionally, the company appointed KPMG LLP as auditor of the company, and the company's stock option plan was approved.

"Edgewater Wireless has made huge strides over the last 12 months as we placed a renewed focus on disruptive innovation in high-density Wi-Fi technology," said Andrew Skafel, chief executive officer of Edgewater Wireless. "We appreciate the strong confidence investors have shown in the company as we forge ahead in building more business and opportunity in 2016."

Following the AGM, the management team provided a brief update on the company's original-equipment-manufacturer and licensing business activities. Recent activities include the development of software, as well as hardware integration support to Edgewater's Fortune 500 customer as it continues to integrate the high-density Wi-Fi development kit and WiFi3 technology into its proprietary system. Edgewater Wireless has also worked closely in partnership with Zinwave to complete a number of RFP responses and continuing pilot programs.

Additionally, Edgewater's technical team conducted a real-time demonstration of WiFi3 technology against an industry-leading competitor's 802.11ac access point for AGM attendees. The team demonstrated superior performance advantages of WiFi3, notably a dramatic reduction of retransmission rates and superior throughput while supporting a variety of smart phones, tablets and laptops to provide traffic simulation. The demonstration was completed utilizing performance analysis tools from 7-Signal WLAN testing and monitoring equipment.

The company is also pleased to announce, subject to exchange approval, the grant of options to purchase 2.54 million common shares under the Edgewater Wireless stock option plan, which were granted to directors, officers, employees and consultants of the company. Each option has a strike price of 27 cents with a three-year vesting period and a 10-year validity.

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