Initiative aims to solidify Canada's role as a global leader in the development and manufacturing of semiconductors

Highlights:

• Government of Canada Announces $240M Investment in Canadian Semiconductor and Photonics Industries; Issues Semiconductor Challenge
• $150 million to be provided through the Strategic Innovation Fund to make targeted investments to build on Canada's domestic strengths associated with the development and supply of semiconductors
• $90 million in funding for the National Research Council of Canada's Canadian Photonics Fabrication Centre (CPFC)
• Edgewater Wireless, the industry leader in Wi-Fi Spectrum Slicing technology and silicon solutions, is “up for the challenge”

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, applauds the Government of Canada’s announced Semiconductor Challenge Callout to solidify Canada's role as a global leader in development and manufacturing of semiconductors.

The Government of Canada has recognized the many issues and challenges related to semiconductor supply, the impact on all sectors of the economy, and ultimately the effects on individual Canadians’ everyday lives. The government announcement demonstrates its commitment to collaborating and supporting Canadian researchers and businesses to strengthen Canada's position in the semiconductor industry.

"Our government wants Canada to be a strategic global leader in the semiconductor industry. That's why we're investing $240 million today to strengthen our semiconductor ecosystem, which will allow us to build a more innovative and resilient economy. By investing in Canada's semiconductor industry, we are making a firm commitment to businesses looking to invest in Canada. Whether it's high-value or large-scale manufacturing, we want to see Canada be home to the world's leading semiconductor manufacturers. We are also proud to support the revitalization of the National Research Council's CPFC, which will enhance Canada's already impressive photonics sector," said The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry.

"Edgewater is a Canadian-grown company based in Ottawa and exclusively focused on next-generation wireless technologies. As the number of wireless and Wi-Fi devices continues to increase, the market for innovations like Spectrum Slicing technology continues to grow rapidly. Funding programs like SIF help create a platform to grow Canadian innovation and allow emerging companies like Edgewater to secure a position in the global semiconductor market," stated Andrew Skafel, President and CEO of Edgewater Wireless. "Our technology's disruptive potential and proven performance are highlighted by our 25 patents and existing partnerships and alliances with global industry leaders like CableLabs. Furthermore, the strategic decision to on-shore our silicon design and development programs aligns with the Callout Challenge's and other North American initiatives to bring supply line certainty to the industry. With capital programs like the Semiconductor Challenge being made increasingly available to North American chip manufacturers, developers and thought leaders, Edgewater Wireless is well-positioned to help Canada establish itself as a critical component of North America's evolving semiconductor ecosystem."

Associated links:

• Strategic Innovation Fund
• Semiconductor Challenge Callout
• Canadian Photonics Fabrication Centre web page
• BETAKIT: Canada commits $240 million to bolster domestic semiconductor ecosystem

Edgewater Recognized in StartUpPill.com Article’s top picks for best Canadian based Semiconductor companies:

Digital publisher, Startupill.com recently showcased its top picks for the best Canada-based semiconductor companies and startups. Highlighting companies innovating the semiconductor industry, Edgewater was the 16th company recognized for exceptional performance in one of the following categories:

• Innovation (ideas, route to market, product)
• Growth (exceptional growth and growth strategy)
• Management
• Societal impact

ARTICLE LINK: https://startupill.com/90-best-canada-semiconductor-startups-impacting-the-electronics-industry/

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative Spectrum Slicing technology for residential and commercial markets. We develop advanced Wi-Fi silicon solutions, Access Points, and IP licensing designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 25 patents, Edgewater’s Multi-Channel, Single Radio (MCSR) technology revolutionizes Wi-Fi, delivering next-generation Wi-Fi today.

Edgewater’s physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway — regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the greatest improvements.

For more information, visit www.edgewaterwireless.com.

Forward-Looking Statements

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