OTTAWA, ONTARIO - February 12, 2013 - Edgewater Wireless Systems Inc., (YFI;TSX.V) a leader in next generation WiFi technology, today announces the company's first shipment of its next generation WiFi3 equipment to World Affinity Telecom. World Affinity Telecom will be using Edgewater Wireless' WiFi3 technology as the foundation for a national WiFi network in Sierra Leone that will bring data communications to the country and its people. This will be Africa's first national WiFi network.
This is the first shipment from the contract announced in July, 2012 that was recently increased to $6.7 million to accommodate the overwhelming support for the development of the first project phase of the multi-phase WiFi deployment. The scope of the contract has been expanded to include services and networking equipment.
Sierra WiFi, World Affinity Telecom's local operating company, in its commitment to social development, will deploy this first shipment of equipment to schools to deliver a WiFi enabled education portal. This is the first phase of a broad network that will extend to hospitals.
The emerging growth of Sierra Leone is creating large demand for improved communications infrastructure throughout the country. WiFi3 technology will enable World Affinity Telecom to operate a fast, stable and secure WiFi network beginning in Freetown and extending to the rest of Sierra Leone.
"The People of Sierra Leone have expressed overwhelming enthusiasm for the national deployment of low cost, high speed Wifi internet access and that has been our driving force. The kind support of President Ernest Bai Koroma has also been inspiring," said Anthony Melhem, President of World Affinity Telecom. "Freetown is ready, the country is booming. This is the right time to invest."
Edgewater Wireless WiFi3 technology enables 3-channels on a single radio - leveraging over 20 industry leading patents to deliver the improved performance by eliminating issues like Adjacent Channel Interference - inherent in single channel WiFi solutions. WiFi3 also offers service providers unparalleled flexibility to layer revenue-generating services and applications across three channels. WiFi3 also delivers enhanced security for network operators through the Company's exclusive Spectral Surveillance Architecture (SSA(TM)) which can be used to identify and manage threats to the network from hackers, interference and rogue access points.
"We are tremendously pleased to be providing the wireless equipment and engineering know-how to form the communications infrastructure for World Affinity Telecom," said Andrew Skafel, President of Edgewater Wireless. "World Affinity Telecom is a strong and valuable partner for Edgewater Wireless. They recognize the inherent value of WiFi?, and the simplicity of installation and management of our technology, which was critical to creating the first WiFi network in Sierra Leone."
About Edgewater Wireless Systems Inc.: Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-performance, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater Wireless' WiFi3 is redefining WiFi technology with its wideband, multi-channel radio and high-capacity Access Point solutions. It is delivering next generation WiFi, today. For more information, please visit www.edgewaterwireless.com.
About World Affinity Telecom: World Affinity Telecom is an established telecommunications solutions specialist. As a leader on technology, our products are used across the globe. People and applications communicate using established state of the art World Affinity Telecom technology. Our networks allow the integration of telecommunications and data technology services for governments, businesses, municipalities, schools, libraries and organizations. For more information, please visit: www.worldaffinitytelecom.com.
Andrew SkafelNadine Desruisseaux
President, Edgewater WirelessCapital Ideas Investor Relations
1. 613.271.3710 1.647.202.5292
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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