Edgewater Wireless Enhances Technology Expertise with CTO Appointment
30 Abril 2014 - 8:31AM
Access Wire
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.
Contact
Andrew Skafel Investor Relations: Jason Shepard
President, Edgewater Wireless Phoenix Communications
1. 613.271.3710 +1 250 717 1910
andrews@edgewaterwireless.com pcg@shaw.ca
Forward-Looking Statements
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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