Business
Edgewater Wireless Receives National Research Council IRAP Award From Government of Canada
(via Thenewswire.ca) National Research Council Contribution to Support Advanced Research a...
About this update from Edgewater Wireless Systems Inc.
[{"type":"text","content":"Edgewater Wireless Receives National Research Council IRAP Award From Government of Canada(via Thenewswire.ca)\n\n \nNational Research Council Contribution to Support Advanced Research and Development of WiFi3(TM)\n\n\n \nMay 4, 2016 / TheNewswire / Ottawa, Canada - Edgewater Wireless Systems Inc. (YFI; TSX.V), the manufacturer of multi-channel WiFi3(TM) technology for high-density WiFi applications, is pleased to announce that it has received a non-repayable financial contribution from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). This financial contribution, in addition to both technical and business advisory services, will support further research and development of its multi-channel WiFi3(TM) technology.\n\n\n \nEdgewater's multi-channel WiFi3(TM) architecture enables the highest possible WiFi system performance in high-density environments such as stadiums, public transit stations and shopping centers. It also overcomes the challenges of interference and capacity crunch in the Internet of Things (IoT) market.\n\n\n \n\"This support is a great validation of the WiFi3(TM) by a respected, independent 3rd party,\" said Andrew Skafel, CEO of Edgewater Wireless. \"We are targeting the rapidly expanding high density and Internet of Things (IoT) markets and this contribution will support the development of new capabilities that will further diffentiate the potency and value of our innovative WiFi solutions from the competition.\"\n\n\n \nEdgewater's WiFi3(TM) powered technology is the best Wi-Fi solution for carriers, service providers and systems integrators to address the growing problems of interference, capacity and critical mass of users which is stretching networks to their breaking point. Edgewater's patented technology solves the high-density problem while also significantly reducing the equipment investment and operating costs for new network deployments.\n\n\n \nEdgewater Wireless is also pleased to announce the exercise and purchase of warrants by a long time technical advisor as well as a member of the company's Board of Directors. 16,666 warrants were purchased at $0.05 per unit and 200,000 warrants were purchased at $0.15 per unit. The proceeds from these transactions have been earmarked to enhance specific elements of the development and of Edgewater Wireless' Fortune 500 ...