OTTAWA, Ontario--(BUSINESS WIRE)--Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce that Jim Skippen has accepted the Company’s invitation to join its Board of Directors pending shareholder approval at the upcoming Annual General Meeting on September 5, 2024.
“We are pleased that Jim Skippen has accepted our invitation to join Edgewater’s Board of Directors during such a critical and exciting time in the Company’s life cycle,” said Andrew Skafel, President and CEO of Edgewater Wireless. “As a respected leader with real-world patent experience and noted market success, Jim’s deep understanding and expertise in building and monetizing cutting-edge technology patent portfolios will be invaluable to Edgewater as we progress our next phase of product commercialization and licensing.”
“Edgewater has an exciting and disruptive approach to Wi-Fi, bringing to market groundbreaking products backed by a rich patent portfolio,” said Jim Skippen. “The global possibilities for this technology are outstanding, and I’m keen to add my experience and energy to Edgewater’s next phase of development to help maximize its potential and take its innovative solutions to the next level. I especially look forward to exploring ways to maximize value to the company of Edgewater’s significant and important patent portfolio.”
Mr. Skippen has over 30 years of legal and management experience. Jim led WiLAN Inc. (Quarterhill Inc.) for 13 years, transforming it into one of the world's most successful patent monetization companies focused on partnering with global technology customers in unlocking the value of intellectual property through various patent monetization models. During his time at WiLAN, Mr. Skippen led numerous growth initiatives, acquiring leading patent technologies in market areas such as capturing, preserving, accessing and transforming data for data centers, mobile and personal devices—many of the acquired patents related to semiconductor processes, packaging and circuit technologies. WiLan was acquired by Owlpoint IP Opportunities JVF I LP, a joint venture between Arena Investors, LP and Owlpoint Capital Management, LLC, in June of 2023.
He is a former board member of the Canadian Diabetes Association, Elmwood School, Ottawa Art Gallery, MPT Technologies Inc., Icron Inc., Solutrea Inc., and ENG2 Inc. Mr. Skippen has spoken at many conferences and made numerous television appearances. He has delivered numerous papers and articles on patent licensing, intellectual property management, governance and technology law. Mr. Skippen has won several awards and in its annual determination of Canada’s top technology executive, Cantech magazine declared Mr. Skippen as Canada’s top public technology company CEO in 2011. For many years, IAM recognized Mr. Skippen as one of the world’s leading Intellectual Property strategists.
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.
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.