Edgewater Wireless Systems Inc.
Edgewater Wireless Systems Inc.
06/27/2024 | Press release | Archived content
Edgewater Wireless Announces Third-Party Valuation Report
Comprehensive Valuation of Edgewater Wireless Systems Inc. and its IP asset portfolio valued between US$90M and US$180M
June 27, 2024 - Ottawa, Canada - Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential, enterprise and industrial Internet of Things (IIoT) markets, announced the publication of a third-party valuation report by Avon River Ventures LLC, in strict accordance with the disclosure requirements outlined in TSXV Policy 3.3 on Continuous Disclosure. The comprehensive report includes a detailed view of the Company's IP and trade secrets backing its Spectrum Slicing technology.
A summary of Edgewater's IP Valuation, prepared by Avon Rivers Ventures LLC, was published in a news release by Avon Rivers on February 5, 2024. To review the full news release, click here:
The independent valuation was commissioned to provide Edgewater shareholders and the investment community with a detailed and transparent assessment of the company's market value and growth prospects. This initiative underscores our dedication to maintaining high corporate governance and transparency standards.
"Our focus on making Wi-Fi - Better - and the development of the accompanying IP and trade secrets has been recognized as one of our core assets by Avon River Ventures through their independent IP valuation analysis, and we are pleased with the results," commented Andrew Skafel, President and CEO of Edgewater Wireless. "The strong foundation of intellectual property, combined with our focused efforts to onshore our silicon development efforts with our ecosystem of world-class partners like CMC Microsystems and C2MI, are enabling us to focus on the production of our next-generation Spectrum Slicing silicon solutions.
Avon Rivers Ventures - Valuation Summary:
Avon River Ventures LLC, a leading Asset-Backed lending firm that collateralizes Tangible and Intangible Assets to disburse non-dilutive funding to companies across North America, Asia and Europe, conducted a comprehensive IP Valuation analysis on Edgewater's patent portfolio and trade secrets. Their team of seasoned IP specialists independently assessed the Fair Market Value (FMV), resulting in a valuation ranging between US$90M and US$180M for the portfolio.
Avon Rivers Ventures, in its press release stated, "Of paramount importance, including Spectrum Slicing in WiFi7 and the upcoming WiFi8 silicon solutions presents Service Providers and vendors with a field-proven method to deliver performance gains of 10x or more and half the latency for ALL devices - a development set to impact the more than 20 billion Wi-Fi devices deployed globally. No other approach offers such promise for deployed and future networks."
The comprehensive valuation report delivers an independent analysis of Edgewater Wireless Systems Inc.. It includes a detailed review of the Company's Intellectual Property (IP) and trade secrets backing its Spectrum Slicing technology. This information is critical for Edgewater shareholders to make informed decisions about their investment in the Company. Additionally, the report identifies potential growth opportunities, strategic alliance partners and potential licensees that could enhance shareholder value.
This valuation underscores the standards-leading value of Edgewater's intellectual property, reflecting its ground-breaking technology and innovative solutions in the field of Wi-Fi technology. With a strong IP portfolio and a dedication to advancing wireless (Wi-Fi) performance, Edgewater is well-positioned to continue its growth and leadership in the industry. The successful IP Valuation by Avon River Ventures reaffirms Edgewater's position as an industry leader in Wi-Fi technology and intellectual property development. This valuation highlights Edgewater's IP assets, significant valuation, and potential for continued success in the dynamic and growing global communications market.
Edgewater's Wi-Fi Spectrum Slicing is the first technology to enable multiple, in-band concurrent links (or channels) within a given coverage area using standards-compliant Wi-Fi. The latest Wi-Fi Standard, WiFi7, includes the marquee feature Multi-Link Operation (MLO), which allows a single WiFi7 client to concurrently use connections across multiple bands and quickly switch between them. Like the load-balancing aggregation techniques used in wired Ethernet connections, MLO can significantly improve performance and reliability. MLO's requirement for more links/channel capacity on access points makes Wi-Fi Spectrum Slicing an essential feature for enterprise, residential and Industrial IoT applications. Edgewater's patented Spectrum Slicing approach to Wi-Fi is proven to deliver 7 to 18 times performance gains and 50% lower latency with existing Wi-Fi devices - impacting the more than 20 billion Wi-Fi devices deployed globally.
About Avon River Ventures LLC
Avon River Ventures specializes in appraising both intangible and tangible assets, providing financial solutions that acknowledge the growing significance of intellectual property in today's knowledge-driven economy. The firm's proficiency in IP-backed Financing and patent sales underscores its profound understanding of the value of intellectual property in the modern business landscape.
To learn more about Avon River Ventures' IP valuation practices, please visit: https://avonriverventures.com/intellectual-property-ip-valuation/
About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi silicon solutions, Access Points, and IP licensing designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 26 granted patents, Edgewater's Multi-Channel, Single Radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.
Edgewater's physical layer Spectrum Slicing allows a frequency band to be divided or sliced to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway - regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the greatest improvements.
For more information, visit www.edgewaterwireless.com.
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Edgewater Wireless Contacts:
Andrew Skafel, President and CEO
Bill Mitoulas, Investor Relations
T: +1.416.479.9547
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.
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