18:18:49 EDT Tue 22 Jun 2021
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Edgewater Wireless Systems Inc
Symbol YFI
Shares Issued 186,963,263
Close 2021-06-10 C$ 0.115
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Edgewater Wireless Systems appoints Garcea director

2021-06-10 17:34 ET - News Release

Mr. Andrew Skafel reports


Edgewater Wireless Systems Inc. has appointed Ralph Garcea to its board of directors pending shareholder approval at the upcoming annual meeting on June 16, 2021.

With more than 22 years of experience in senior positions at major and boutique investment dealers in the United States and Canada, Mr. Garcea was a top-ranked research analyst specializing in technology, gaming and industrial companies. Mr. Garcea is the managing partner and co-founder of Focus Merchant Group, a boutique advisory firm offering a full range of financial advisory services. He currently serves as a director on the board of Toronto Stock Exchange-listed Converge Technology Solutions Corp.

"We are pleased that Ralph Garcea has accepted our invitation to be nominated as a candidate for a board position," said Andrew Skafel, president and chief executive officer of Edgewater Wireless. "As a well-regarded technology analyst with deep roots in growing technology companies, we believe his expertise and counsel will be invaluable for the company."

Investor relations engagement

Edgewater also announces that it has retained Venture North Capital Inc. for strategic marketing, investor relations and capital markets communications services. Venture North will arrange and attend meetings with professional investors, maintain contact and broaden relationships with the professional investment community on Edgewater's behalf.

The company and Venture North have entered into a consulting agreement for an initial term of three months, after which it will continue on a monthly basis until terminated by either party. In consideration of its services, the company will pay Venture North $6,500 per month (plus HST). This engagement is subject to TSX Venture Exchange approval.

"Building on the success of our recent PoC, our team at Edgewater has been focused on commercial engagements with Tier 1 customers and building silicon partnerships to bring spectrum slicing to market. We're positioning the company to execute on our growth strategy," said Brian Imrie, chair of Edgewater Wireless. "We are happy to have engaged with a seasoned investor relations group to tell our unique story to the market."

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 the high-density and high-quality of service needs of service providers and their customers. With 24-plus patents, Edgewater's multichannel, single radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.

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