Anderson strengthens technology vision for WiFi3
OTTAWA, ONTARIO / ACCESSWIRE / April 30, 2014 / Edgewater Wireless Systems Inc., (YFI;TSX.V), the global leader in WiFi3 next generation WiFi technology, is pleased to announce a strategic restructuring of its Management team. On the back of a successful private placement earlier this month, this restructuring positions Edgewater Wireless to further capitalize on the increasing global demand for high density, carrier WiFi.
Duane Anderson is stepping into the role of Chief Technology Officer. The newly created CTO role will allow Edgewater to leverage Mr. Anderson's decades of military technology expertise. Anderson is thrilled to increase his engagement with the technology side of the business. "I see the massive potential for multi-channel WiFi and my goal is to further focus on honing the competitive advantages of our WiFi3 technology," says Anderson.
Mr. Anderson will retain his position of Chairman of the company. As a result of Duane Anderson moving to the technology side of the company's operations, current President, Andrew Skafel, will be moving into the role of Chief Executive Officer.
Additionally, Edgewater Wireless is pleased to announce that the company has engaged, subject to TSX Venture Exchange Approval, Ubika Communications, a division of Ubika Corporation, to raise the profile of Edgewater in the capital markets. Ubika offers comprehensive capital markets exposure services via their flagship website portal, www.smallcappower.com, which is featured on the Financial Post website. Compensation for Ubika services will be $4,900 per month.
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.
Andrew Skafel Investor Relations: Jason Shepard
President, Edgewater Wireless Phoenix Communications
1. 613.271.3710 +1 250 717 1910
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE: Edgewater Wireless Systems Inc.
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