Ontario-based wireless services provider Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF) joins Silicon Catalyst’s Semiconductor + Accelerator program.
Silicon Catalyst is an incubator focused exclusively on accelerating semiconductor solutions that engage with over 1,200 semiconductor startups globally. On the other hand, Edgewater provides Wi-Fi spectrum-slicing technology for residential and enterprise markets.
Under this program, Silicon Catalyst has admitted only 100 companies to their 24-month customized incubation and acceleration program since 2015.
“We are thrilled to have been selected to join the Silicon Catalyst program. Their established network of in-kind partnerships and deep industry expertise will dramatically reduce the cost of bringing our next-generation chips to market,” said Andrew Skafel, President and CEO of Edgewater Wireless. “With the backing of Silicon Catalyst, we can accelerate our transition from prototype to production while leveraging their deep semiconductor industry expertise.”
Guided closely by a Silicon Catalyst partner, and accessing a network of over 350 industry advisors, the accelerator’s ecosystem provides everything early-stage semiconductor companies need to design, fabricate, and market semiconductor solutions. Most critically, Silicon Catalyst-backed companies can tap in excess of $3 million worth of in-kind goods and services essential for bringing Edgewater’s next-generation semiconductors to market. Silicon Catalyst, its Strategic Partners, and Investors are renowned for helping emerging semiconductor companies transform ideas into valuable, high-impact products.
Edgewater will leverage this opportunity to accelerate and de-risk the company’s move to the production of next-generation Wi-Fi Spectrum Slicing powered chips.
Concurrent with Edgewater’s admission to the program, Silicon Catalyst will be granted a Board Advisor position and receive 18,812,639 warrants. Each warrant entitles the holder to purchase one Common Share of the Company at a price of $0.05 per Warrant Share until the date, which is 5 years following the issuance of the Warrants. The consideration is subject to the receipt of all required corporate and regulatory approvals, including the TSXV.
“By enabling such a dramatic shift in Wi-Fi capabilities, Edgewater and its highly-differentiated Spectrum Slicing technology are poised to disrupt the global wireless industry,” said Nick Kepler, Chief Operating Officer of Silicon Catalyst. “We’re thrilled to welcome Edgewater and bring to bear our established network to grow their market and accelerate their transition to production of transformative and visionary products. We’re thrilled to welcome Edgewater and bring to bear our established network to grow their market and accelerate their transition to production of transformative, visionary products.”
Edgewater’s Wi-Fi Spectrum Slicing approach is the first technology to enable multiple, in-band concurrent links (or channels) within a given coverage area using standards-compliant Wi-Fi. Using advanced signal processing techniques, Spectrum Slicing is proven to deliver dramatically lower latency (50% or more) and 7 to 18 times performance gains over legacy, single-channel Wi-Fi architectures — for existing and new devices.
