Magellan targets growth industries for wireless solutions with Next Generation WiFi3
OTTAWA, CANADA - September 20, 2013 - Edgewater Wireless Systems Inc., (YFI;TSX.V) the global leader in WiFi3 next generation WiFi technology, today announced the company has partnered with Magellan Technologies, a wireless and WiFi solutions and systems provider with operations in the Caribbean, Central and South America as well as Canada. Through the partnership, Magellan will sell Edgewater Wireless' next generation WiFi3 technology and deliver a carrier-grade, rapid-deployment, scalable WiFi solution to the company's targeted vertical markets.
"Magellan is taking the right path to success by offering WiFi solutions and integration by focusing beyond the technology, layering services and applications like voice and video over WiFi." said Andrew Skafel, President of Edgewater Wireless. "Magellan is lead by solid and experienced leadership with a track record of success in the telecom industry - they believe in the value of WiFi3 for their solutions and their customers."
Edgewater Wireless WiFi3 series of Next Generation WiFi Access Points enables 3-channels on a single radio and provides improved WiFi services and QoS to end users by delivering up to 50 times greater performance vs traditional WiFi. WiFi3 achieves unparalleled performance by mitigating issues such as Adjacent Channel Interference (ACI) and offering industry leading capabilities such as the integrated Spectral Surveillance Architecture (SSA(TM)) - Edgewater's integrated, real time spectral monitoring feature which dramatically reduces operational expenses (OPEX) for carriers and service providers.
"Magellan is very pleased to be taking Edgewater Wireless' innovative WiFi3 technology to our customers and partners to deliver the best QoS, performance and flexibility available in the wireless solutions market today" said John Kirn, President of Magellan Technologies. "Integrating Edgewater's next generation WiFi technology with our market focus and customer needs means we can offer something unique for rural and infrastructure-challenged urban markets as well as our vertical markets; stadiums, health care, hospitality, educational institutions, malls, convention centers, housing developments, shipping ports, cruise ships, and off-shore oil drilling rigs. This is the technology our customers need and demand from Magellan."
Edgewater Wireless would also like to announce that Mr. Jason Gurandiano is stepping down from his role on Edgewater Wireless' Board of Directors. "Jason is a tremendous supporter of our technology and his direction and insight was invaluable to Edgewater Wireless. His recent advancement in his own career means he can no longer dedicate the time he once did to Edgewater Wireless and on behalf of the Board, we thank Jason for his support and dedication to the company" said Duane Anderson, Board Chairman and Interim CEO. Edgewater Wireless will announce a replacement for Mr. Gurandiano in the near future.
|Contact: Andrew Skafel | |Contact: John Kirn |
|President, Edgewater Wireless | |President, Magellan Technologies|
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|1.613.271.3710 | | |
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|AndrewS@edgewaterwireless.com | | |
|Investor Relations: Jason | | |
|Shepard Phoenix Communications | | |
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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, and delivering next generation WiFi, today. For more information, please visit http://www.edgewaterwireless.com/.
About MAGELLAN TECHNOLOGIES
Magellan Technologies is a wireless and WiFi solutions and systems provider. Magellan offers a unique model for customers who are conscious of the infrastructure cost challenges and environmental issues being created by the installation of cables and wires both above and below the ground. Magellan delivers solutions for virtually unlimited deployment scenarios in growing wireless market verticals including; stadiums, health care, hospitality, educational institutions, malls, convention centers, housing developments, shipping ports, cruise ships, rural Telcos, and off shore installations supporting oil drilling rigs.
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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