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Edgewater Wireless Strengthens Distribution Network with Red NetworkSuccessful Digital City Trial in Brazil Leads to Volume Production Order (January 18, 2012)
OTTAWA, CANADA and SAO PAULO, BRAZIL -- (Marketwire) -- 01/18/12 -- Edgewater Wireless Systems Inc. formerly known as KIK Polymers Inc and currently trading as KPI.V on the TSXV (TSX VENTURE:KPI), and Red Network, a leading distributor of networking solutions in Brazil, have entered into a distribution supply agreement following a successful trial in Brazil.
The Edgewater Wireless EAP3000 Access Point demonstrated superior performance in an outdoor trial where a single unit was able to transfer high-speed, high-definition (HD) video from an HD WiFi camera while simultaneously supporting multiple data transfers and voice over IP (VOIP) phone calls. The trial was deemed extremely successful as there was no observable degradation in the quality of the video, data or the VOIP calls while operating concurrently across a single EAP3000 wideband, multi-channel access point (AP).
"We are very impressed with the multi-channel radio capability of the EAP3000," said Leone Picciotto, Director of Commercial Sales for Red Network. "The Edgewater Wireless products are truly able to accommodate a variety of media types while maintaining both high-performance and high-quality. For Red Network, this means we can deploy multiple services with fewer units while ensuring high customer satisfaction which is the key to success in the Digital City space."
As part of the distribution agreement, Red Network will begin deploying EAP3000 units into a number of identified opportunities beginning in the first quarter of 2012.
"Red Network is an outstanding partner for Edgewater Wireless," said to Andrew Skafel, President of Edgewater Wireless Systems, Inc. "They bring tremendous customer-reach and have identified solid revenue opportunities for the EAP3000 products. Further, we are pleased by Red Network's substantial purchase commitment for EAP3000 products and are looking forward to working with them to expand their business in Brazil."
About Edgewater Wireless Systems, Inc: Edgewater Wireless, formerly known as 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 on how Edgewater Wireless is dramatically changing the world of WiFi, please visit www.edgewaterwireless.com.
About Red Network: In the market since 1997, RED Network delivers complete solutions in networking technology. The distributor has a broad portfolio of hardware and software for connectivity and networking, consulting and support. Headquartered in Sao Paulo, the company sells products for partners worldwide and has operations nationwide through its more than one thousand active partners throughout the country. For more information, please visit www.rednetwork.com.br.
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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