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Edgewater Wireless Announces First Million Dollar OrderMulti-channel Access Points Purchased for Deployments in Brazil, Asia-Pacific and Africa (March 06, 2012)
OTTAWA, CANADA -- (Marketwire) -- 03/06/12 -- Edgewater Wireless Systems Inc (TSX VENTURE:YFI) is pleased to announce it has received multiple orders for its EAP3000 access points, including a $1.1 million order from a distribution partner in Brazil. Edgewater Wireless has begun shipping units to various customers in South America, Asia Pacific and Africa.
"Shipping units against purchase orders into multiple geographies is a major milestone for Edgewater Wireless," said Andrew Skafel, President of Edgewater Wireless. "Our agreement with our contract manufacturer, SMTC, has enabled us to fulfill volume production orders for the EAP3000 family of multi-channel access points. We are also very excited that some of the units are targeted for a trial by a major carrier. Upon the successful completion of the trial, we would anticipate additional opportunities for new business."
Edgewater Wireless is pleased that its partnership with SMTC has met its first goal of bringing the EAP3000 to volume production by February 2012, as planned. This enables Edgewater Wireless to fulfill volume production orders from its international distributors, including recently announced agreements with distributors in various regions of the world.
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-performance, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater Wireless is redefining WiFi infrastructure with its wideband, multi-channel radio and high-capacity Access Point solutions, and delivering next generation WiFi, today. For more information, please visit www.edgewaterwireless.com.
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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