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Edgewater Wireless Enters Channel Partnership with NomadixCombines High-Performance WiFi Access with Leading-Edge Public Internet Access Management (April 24, 2012)
OTTAWA, CANADA -- (Marketwire) -- 04/24/12 -- Edgewater Wireless Systems Inc (TSX VENTURE:YFI) is pleased to announce that it has entered into a channel partnership with Nomadix, a wholly owned subsidiary of DOCOMO InterTouch, to combine Edgewater Wireless' multi-channel WiFi access points with Nomadix's leading software for managing the quality, security and usage of public Internet access.
Edgewater Wireless and Nomadix are addressing the public access market which continues to be one of the fastest growing segments in networking, fueled by the proliferation of WiFi enabled mobile devices such as smart phones and tablets. According to In-Stat (www.instat.com, now "DisplaySearch"), the number of WiFi enabled devices is expected to grow from 500 million units to nearly 2 billion units by 2014.
Edgewater's EAP3000 family of access points, based on its unique, WiFi compliant, multi-channel radio technology has been designed to address this significant increase in demand by enabling greater than 50 times the aggregate capacity of comparable access point equipment based on single-channel radio technology. Nomadix solutions provide seamless management for WiFi access and billing in the municipal WiFi, hospitality and hotspot markets. Over 50,000 Nomadix Service Engine (NSE) units have been shipped throughout the world.
"The NSE is specifically designed to sit at the edge of the network in industries such as real estate, hospitality, healthcare, education and metro venues, allowing the deployment of a cost effective, secure and easy to use Internet service offering," said Fred Reeder, Nomadix chief commercial and operating officer. "Partnering with Edgewater Wireless is a win-win for both companies."
"With their dominant market share, Nomadix is a great addition to our partner ecosystem," said Andrew Skafel, president of Edgewater Wireless. "Addressing the needs of our Wireless Internet Service Provider (WISP) customers and strengthening our position in the rapidly growing hospitality and hotspot markets, the combined Nomadix/Edgewater solution is a clear winner."
Edgewater Wireless is also pleased to announce that it has engaged, subject to prior TSX Venture Exchange approval, Capital Ideas Investor Relations of Toronto, Ontario to implement a comprehensive investment relations program for the Corporation. CIIR will assist Edgewater Wireless with its investor relations program, including facilitating investor awareness, providing market intelligence and research, designing corporate communications materials and generally raising the Corporation's profile in the investment community.
CIIR is a leading communications firm specializing in attracting attention to well-managed and highly promising companies. The firm's clients range from micro-capitalization start-ups to companies with more than $1 billion of revenues. Under the engagement, EWSI will pay CIIR $4,000CAD per month. The term of engagement is twelve (12) months, but may be terminated by either party with thirty (30) days written notice.
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.
About Nomadix: Nomadix offers gateways for seamless wired and wireless connectivity solutions across public access networks and enterprises. Powered by patented technology, Nomadix enables public revenue generation and customization in a number of business models. With Nomadix, public access network providers are able to deploy cost-effective, secure and easy-to-use network services. Nomadix is a wholly owned subsidiary of DOCOMO interTouch (www.docomointertouch.com). For more information, visit www.nomadix.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.
Edgewater Wireless Systems Inc.
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