Edgewater Wireless Secures Strategic Investment from Silicon Catalyst Angels

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), a pioneer in AI-powered Wi-Fi Spectrum Slicing silicon solutions, has announced the closing of a private placement that includes a direct strategic investment from Silicon Catalyst Angels I, LLC (SCA). The investment strengthens Edgewater's financial position and aligns it with semiconductor industry expertise as the company progresses toward prototype validation and commercial engagements.

The private placement, structured in two tranches, raised aggregate gross proceeds of $717,332.70 through the issuance of 11,955,545 units. Each unit consists of one common share and one warrant, exercisable at $0.09 per share for two years. SCA participated in the second tranche, investing $96,000, alongside Edgewater Chairman Brian Imrie, who also invested an additional $96,000. This brings the total funding to support the development of Edgewater's PrismIQ platform and its next-generation Spectrum Slicing technology.

SCA's involvement marks a deepening of Edgewater's relationship with Silicon Catalyst, an ecosystem that provides strategic support to semiconductor startups. Edgewater was selected as a Silicon Catalyst Portfolio Company in November 2024, gaining access to over 500 industry experts, in-kind design resources, and other commercialization tools. The addition of SCA as an investor, along with Silicon Catalyst COO Nick Kepler serving as a board observer, provides Edgewater with valuable industry insights and connections.

Andrew Skafel, President and CEO of Edgewater Wireless, commented, "Experienced semiconductor investors understand where value can be created: when differentiated technology moves into visible execution. SCA's direct investment is a validation of our novel approach and strengthens Edgewater's strategic investor base at an important point in our development. Together with the strategic semiconductor investor in our first close, SCA brings capital, operating insight, and industry relationships as we advance Spectrum Slicing and PrismIQ toward prototype validation and partner demonstrations."

Brian Imrie, Chairman of Edgewater, added, "My additional investment reflects my confidence in Edgewater's technology, team, and commercial traction. The Company has built a strong foundation and is advancing toward milestones that can demonstrate the relevance of Spectrum Slicing across high-reliability Wi-Fi and emerging high-performance applications."

The investment comes at a critical time as Wi-Fi technology evolves toward Wi-Fi 7 and beyond, where wider channels and increased congestion create challenges for quality of service. Edgewater's Spectrum Slicing technology aims to address these issues by enabling multiple concurrent channels in a single band, potentially delivering a 10x improvement in performance and up to 50% lower latency. With 26 patents granted and three AI-related patents pending, Edgewater is positioning itself as a leader in intelligent wireless solutions.

The company plans to use the net proceeds for semiconductor design, engineering, and product development related to its Spectrum Slicing prototype, as well as general working capital. Edgewater expects to achieve important engineering and ecosystem milestones in the coming period, with an initial product release targeted for the first half of 2027. The closing of the second tranche is subject to final acceptance by the TSX Venture Exchange, and the securities issued are subject to a statutory hold period until January 9, 2027.

This strategic investment from SCA, a group of experienced semiconductor executives and investors, underscores the potential of Edgewater's technology and its relevance in the evolving Wi-Fi landscape. As the company moves from engineering development to prototype validation and commercial demonstrations, the support from aligned investors positions Edgewater to capitalize on the growing demand for high-performance, reliable Wi-Fi connectivity.