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
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SOURCE: Edgewater Wireless Systems Inc.