Edgewater Wireless & WiFi3™ Chosen for UpRamp™ Fiterator Program
Ottawa, Canada; Denver, CO (PRWEB) August 08, 2016 -- Edgewater Wireless Systems Inc. (YFI; TSX.V), the developer of WiFi3™ - next generation, multi-channel WiFi technology for high-density & high-interference environments, is pleased to announce today that the company is one of the first four entities ever to be chosen for the UpRamp™ (sponsored by CableLabs) Fiterator program. The program is designed to open the door and connect WiFi3™ technology to 55 of the world’s leading cable operators.
The UpRamp™ Fiterator program is designed to accelerate companies that have already built their technology. This exclusive program will focus on assisting Edgewater Wireless to establish product and market fit in the $500 Billion Cable Industry. The Fiterator program also guarantees commercial deals with cable operators utilizing WiFi3™ technology to solve evolving issues for WiFi connectivity in the cable industry. Edgewater Wireless was judged and selected by senior industry leaders – including CEOs and CTOs of some of the largest cable operators in the world.
Edgewater Wireless WiFi3™ technology is designed to solve critical issues for WiFi and wireless networks – interference and high-density. WiFi3™ is the only wireless technology in the world to offer multiple, concurrent channels of transmit and receive from a single WiFi radio. Edgewater’s next generation wireless technology is positioned to revolutionize wireless network design and deployment beyond the unlicensed wireless spectrum through to OFDM applications and 5G. WiFi3™ is backed by over 24 patents and offers a suite of access point products as well as OEM licensing opportunities for select partners.
“Fiterator concentrates on small cohorts of early-stage companies to give them the biggest possible impact.” said Scott Brown, Managing Director of the CableLabs UpRamp™ program “UpRamp™ conducted a global search and review of forward-thinking technology companies we believe will provide tremendous value to the cable industry. Edgewater Wireless is doing something truly innovative in Wi-Fi hardware and will provide innovative solutions for the $500 Billion cable industry.
Edgewater’s WiFi3™ powered technology is the best Wi-Fi solution for carriers, service providers and systems integrators to address the evolving issues of interference, capacity and high-density which is stretching WiFi to its breaking point. Edgewater’s patented technology solves the high-density problem while also significantly reducing the equipment investment and operating costs for new network deployments.
“This is truly an exciting time for our company and a tremendous validation that WiFi3™ technology can solve significant issues in WiFi and wireless networks.” said Andrew Skafel, President and CEO at Edgewater Wireless “We are looking forward to working with the team at UpRamp™ to introduce and engage WiFi3™ technology with cable operators around the world.”
UpRamp™ was founded to skillfully connect startups and cable operators in order to amplify innovation that improves people’s experience with cable. This is a new kind of accelerator for later stage emerging technology companies, designed to amplify startup success by guiding them to the world’s largest and most powerful broadband network. UpRamp™ was built to fill the gap between a startup’s time in a classic startup accelerator, and their ability to scale a business for the massive cable and broadband industry.
The UpRamp Fiterator Program elements Edgewater Wireless will be leveraging to progress opportunities in the cable industry:
• CableLabs Summer 2016 Conference
• CableLabs Winter 2017 Conference
• 3-Month Fiterator program with UpRamp™ covering all program and associated costs
• Access to C-level mentorship from CableLabs members and industry-recognized members
• Access to state of the art, Kyrio labs for testing and compliance
• Introduction to CableLabs members’ associated venture capital firms
• Access to CableLabs extensive patent portfolio as well as a 1-year membership in Unified patents
• Most Importantly – expediting the introduction to CableLabs members and shortened development lifecycle of products specifically for the $500 Billion cable industry
As part of the Fiterator program and in recognition of the tremendous contribution by UpRamp™, Edgewater Wireless will issue, subject to TSX Venture Exchange approval, 3,021,0276 or roughly 2.1% of shares outstanding in the form of warrants at $0.375 per share with a forced conversion if shares trade above $0.45 for 10-days (Subject to Exchange Approval).
Edgewater Wireless Contact:
Matt Massey
VP, Marketing
T: +1 613-797-9628
E: mattm(at)edgewaterwireless(dot)com
W: http://www.edgewaterwireless.com
CableLabs Contact
Lisa Schwab
Program & Marketing Director – UpRamp™
T: +1 303-661-3321
E: lisa(at)upramp(dot)com
W: http://www.upramp.com
About CableLabs (http://www.cablelabs.com) and UpRamp™ (http://www.upramp.com)
CableLabs is a non-profit Innovation and R&D Lab founded in 1988 by members of the cable television industry. With a strong focus on innovation, CableLabs develops technologies and specifications for the secure delivery of high speed data, video, voice and next generation services. It also provides testing, certification facilities and technical leadership for the industry.
CableLabs mission is to enable cable operators to be the providers of choice to their customers. Cable operators from around the world are members. Members include; Rogers Communications, Shaw Communications, Comcast, Cablevision and more.
UpRamp™ is a next generation startup accelerator that is focused on helping you find product/market fit inside the global cable industry. This 3 month, non-resident, program combines C-level mentorship from the industry with over $120k in available financing. Unlike traditional startup accelerators, the outcome of your time in the Fiterator is actual deals & references from Fortune 1000 customers.
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-density, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater’s WiFi3™ is redefining WiFi technology with its wide-band, multi-channel radio and high-capacity Access Point solutions, and delivering next generation WiFi, today.
The best solution for High-Density WiFi networks, Edgewater Wireless WiFi3 powered access point products enable innovative service providers to plan, build and deploy reliable, high-capacity services (like VoWiFI) for high-density wireless data demand in any environment.
Do more with less! Fewer access points delivering high quality service at a lower overall deployment cost make our patented WiFi3™ technology the right choice for your next WiFi network.
Explore the evolution of Wi-Fi at http://www.EdgewaterWireless.com
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.
Matt Massey, Edgewater Wireless, http://www.edgewaterwireless.com, +1 (613) 797-9628, [email protected]
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