Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF), the developer of WiFi3â¢ ultra-wideband, multi-channel WiFi for high-density/high-interference wireless applications, has announced Edgewater Wireless manufacturing partner SMTC Corporation (Nasdaq: SMTX) has exercised 840,000 of Edgewater Wireless Systems Inc. common share warrants, the company said.
The strike price of each warrant was USD 0.375 for total value of USD 315,000.
Edgewater´s patented technology solves the high-density problem while also significantly reducing the equipment investment and operating costs for new network deployments.
Edgewater Wireless develops and commercializes 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 WiFi3â¢ is redefining Wi-Fi technology with its wide-band, multi-channel radio and high-capacity Access Point solutions, and delivering next generation Wi-Fi, today.