Edgewater Wireless Secures Strategic Investor in Private Placement

Edgewater Wireless Systems Inc. (TSXV: YFI, OTC: KPIFF), an industry pioneer in AI-powered Wi-Fi Spectrum Slicing™ silicon solutions, announced the first closing of its non-brokered private placement financing. The company issued 7,155,879 units at $0.06 per unit for gross proceeds of approximately $429,353. This first close includes participation from a strategic investor and additional Silicon Catalyst-related investors, reflecting growing Silicon Valley support for Edgewater’s technology and roadmap. Each unit consists of one common share and one warrant, exercisable at $0.09 per share for two years.

President and CEO Andrew Skafel emphasized that securing a strategic investor from the global semiconductor industry, along with support from the Silicon Catalyst ecosystem, validates Edgewater’s Spectrum Slicing™ technology and confidence in its strategic plan. The company plans to use net proceeds for semiconductor design, engineering, and product development related to its Spectrum Slicing™ prototype, as well as general working capital. Management participation, including insider purchases of 1,000,000 units for $60,000, constitutes a related party transaction but is exempt from formal valuation and minority approval requirements.

Edgewater Wireless delivers unmatched Wi-Fi QoS through its patented, AI-powered Wi-Fi Spectrum Slicing™ platform, delivered via the PrismIQ™ product family. The technology enables multiple concurrent channels within a single band, supporting more usable capacity, lower latency, and deterministic performance. As a Silicon Catalyst portfolio company, Edgewater is advancing a differentiated, standards-leading platform for service provider networks, autonomous systems, and critical communications infrastructure. The company may complete additional tranches of the offering subject to market conditions and regulatory approvals.