After building successful partnerships in both Africa and the Middle East, Edgewater Wireless Systems Inc. (TSXV: YFI) made what could become its most significant announcement to date when it reported it had signed a partnership agreement with UK-based FLINT Professional Services.
The FLINT partnership is being established to provide a platform for Edgewater to capitalize on the growing demand for high-density WiFi and has the potential to provide Edgewater with a launching point to secure customers throughout the region.
“FLINT is an established services company with strong relationships with our target customers — mobile operators and large enterprises — these relationships will allow us to capitalize on the emerging demand for high-density WiFi applications and allow us to execute on near term opportunities in the UK and the region,” Edgewater Wireless President and CEO Andrew Skafel told SmallCapPower.com recently.
This partnership is significant for Edgewater Wireless, as the company is rapidly transitioning to more technically sophisticated markets, like the UK, where there is a rapidly-growing demand for WiFi applications — particularly in Edgewater’s technical sweet spot, which is high-density WiFi.
Mobile operators and large enterprises are struggling to address the demand for data from the 1000s of smart phones and tablets using WiFi on their networks (See reference to the market size: Here) — and the traditional, single channel WiFi approach, while good for your home or basement, falls flat in high density applications.
Even consumers that have a limited understanding of WiFi technology can appreciate that there’s always a price to pay when using ‘free’ public Wi-Fi. Speed and security have all become issues in a world in which the number of mobile devices continues grow exponentially.
With over $50 million invested in its patented WiFi3TM, Edgewater is uniquely positioned to address the growing demand for high density WiFi. Imagine, if you will, traditional Wi-Fi as being like a single lane, country dirt road. Get stuck behind a tractor and you’re moving at a snail’s pace. Edgewater’s multi-channel WiFi3TM, by comparison, is a multi-lane superhighway where your device can drive as fast as the existing traffic wants to go.
Edgewater’s WiFi3TM has top-notch security through its advanced intrusion detection system, as well as lower capital and operating cost savings since it requires fewer access points and delivers superior performance. In addition, the company’s technology has been proven in the most remote and rugged environments.
Edgewater Wireless’ WiFi3TM provides flexibility with its three channels and multiple virtual channels, each of which can be configured for different applications, such as VoIP, streaming video and audio. This allows clients to offer differentiated services at differing billing rates per wireless channel, increasing client revenue per access point and deliver more value than their competitor offerings.
Mr. Skafel added that this is a catalyst year for Edgewater Wireless and investors have the opportunity to benefit from its strong technology foundation and investment in R&D as the company enters its growth phase. He also said Edgewater has assembled a “rich” patent portfolio (currently numbering more than 20 patents), locking in the multi-channel WiFi approach and that there may be opportunities to monetize these patents to unlock hidden value in the company.
Edgewater Wireless has about 106 million shares outstanding at present.
To learn more about Edgewater Wireless, you can view their
initiation research report, research bulletins, analyst commentaries and CEO
video interview on their SmallCapPower.com Investor Hub: http://www.smallcappower.com/companies/products/edgewater-wireless-tsx-v-yfi
About Edgewater Wireless:
Edgewater Wireless Systems Inc. (TSXV: YFI) 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’ WiFi3is
redefining WiFi technology with its wideband, multi-channel radio and
high-capacity Access Point solutions. It is delivering next generation WiFi,
today. For more information, please visit www.edgewaterwireless.com.
Disclosure
Ubika Research has received compensation from Edgewater Wireless
to provide analyst research coverage.
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