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Edgewater Wireless Inks Distribution Agreement in Central AmericaJMTelcom Commits to Acquire 1000+ WiFi?? Enabled Access Points Over Next 12 Months (May 29, 2012)
OTTAWA, CANADA and SAN SALVADOR, EL SALVADOR -- (Marketwire) -- 05/29/12 -- Edgewater Wireless Systems Inc., (TSX VENTURE:YFI) the developer and manufacturer of next generation WiFi3 802.11 wireless communications equipment, is pleased to announce that it has signed a distribution agreement with JMTelcom, a leading wireless equipment distributor and systems integrator in Central America.
JMTelcom's "Wind" Level Distribution Agreement, the mid-tier of Edgewater Wireless "Element3" Partner Program, includes a commitment for the acquisition of over 1,000 WiFi3 enabled access point products over the next 12 months. Edgewater Wireless will begin supply of WiFi3 access points as part of the distribution agreement immediately.
JMTelcom distributes and installs telecommunications equipment and solutions in Central America to major telecommunications companies including Telefonica, to large enterprise customers including PEPSI, HSBC and Toyota, and to government agencies including the U.S. Embassy.
"Our customers demand the very best technology from JMTelcom and Edgewater Wireless' innovative WiFi3 technology and products will help us stay ahead of the competition," said Margarita de Martinez, General Manager of JMTelcom. "This is a strategic partnership for us as it opens up new growth and new revenue streams for JMTelcom."
Edgewater Wireless' WiFi3 technology provides three independent channels per access point radio and delivers up to 50X aggregate throughput improvement when compared with single channel access point products. WiFi3 technology delivers huge benefits to network capacity and provides smart phone, laptop and tablet users with dramatically improved download and upload performance for voice, video and data intensive applications.
Edgewater Wireless WiFi3 access points (APs) will drive revenue growth and profitability for JMTelcom by enabling the flexibility to add new services and applications while drastically improving performance, accessibility and user satisfaction. The company will also reduce capital and operational expenditures by optimizing network deployment costs.
"JMTelcom was quick to recognize the benefits of WiFi3 and what it can do to greatly improve wireless network capacity for its customers," said Andrew Skafel, President of Edgewater Wireless. "They are a great partner for Edgewater Wireless as they are focused on supporting the demand for WiFi in Central America. We are very pleased to have them as our partner in the region."
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 based on its proprietary, next generation WiFi3 technology which is designed to meet the high-performance, high quality of service (QoS) and high-reliability needs of modern mobile data usage. Leveraging over twenty (20) patents, Edgewater Wireless is redefining WiFi infrastructure with its WiFi3 enabled Access Point products, and delivering next generation WiFi, today. For more information, please visit www.edgewaterwireless.com.
About JMTelcom: JMTelcom is a distributor and systems integrator in Central America with offices in El Salvador and Guatemala. It was founded in 1985. For more information please visit www.jmtelcom.com.sv.
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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Edgewater Wireless Systems Inc.
+1 613.271.1101 x 2262
JMTelcom S.A de C.V.
Luis Gerardo Martinez
Manager Networking Division
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