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Edgewater Wireless Changes Trading SymbolYFI (WiFi) Reflects Business Focus (February 01, 2012)
OTTAWA, ONTARIO -- (Marketwire) -- 02/01/12 -- Edgewater Wireless Systems Inc. (TSX VENTURE:YFI) is pleased to announce that it has received the approval of the Toronto Stock Exchange to change its trading symbol to YFI on the Venture Exchange, effective immediately. The change was made to reflect the company's business focus and commitment to the rapidly growing WiFi market. The shares will continue to trade on the TSX Venture Exchange.
Edgewater Wireless' wideband, multi-channel EAP3000 family of 802.11 compliant (WiFi) Access Points provide a significant increase in performance, along with improved flexibility and security. Providing up to 50 times more aggregate capacity when compared with single-channel, dual-band competitive products, the EAP3000 family of APs has been designed to solve one of the fastest growing challenges in the wireless world - the lack of "last mile" wireless capacity and connectivity.
About Edgewater Wireless Systems, Inc: Edgewater Wireless, formerly KIK Polymers Inc, 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.
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.
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