Edgewater Wireless Systems Inc. (YFI:TSX.V) (OTCQB:KPIFF), the industry leader in innovative WiFi Multi-Channel Single Radio (MCSR™) technology for residential and commercial markets, today announced the financial and operating results for its quarter ended January 31, 2019.
Third Quarter Financial Highlights
Q3 Accomplishments
For the reporting period, we worked alongside industry giants and disruptors, developing and implementing software applications designed to drive adoption of our silicon solutions in the global residential and enterprise markets.
Key highlights include:
“This has been a pivotal quarter for our company,” said Andrew Skafel, President and CEO of Edgewater Wireless. “We not only increased revenues and continued our growth trajectory upward, but our activities with customers and industry partners diversified and generated repeat and recurring orders, indicating a heightened level of operational maturity. Our team has done a phenomenal job enhancing our technology, promoting our thought leadership and developing our business to include moving into the residential WiFi sector. We are all eager to keep the momentum going.”
The Financial Statements and Management Discussion & Analysis have been posted on SEDAR.
About Edgewater Wireless
We make WiFi. Better.
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative WiFi technology for residential and commercial markets. We deliver advanced silicon solutions designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 24+ patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes WiFi with its aera™ access point product line, delivering next-generation WiFi today.
The best solution for High-Density WiFi networks, Edgewater provides reference designs for easy OEM integration, enabling service providers to plan, build and deploy reliable, high-capacity services to meet data demand in any environment, while fewer access points means lower deployment costs.
For more information, visit: www.edgewaterwireless.com or www.aera.io
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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Edgewater Wireless Investors:
Andrew Skafel
President and CEO
T:
+1 613-271-3710
E: [email protected]
W:
www.edgewaterwireless.com