Edgewater Wireless Completes First Tranche of Private Placement, Securing Strategic Investment

Ottawa, Canada and Sunnyvale, USA — July 10, 2026 — Leads & Copy — Edgewater Wireless Systems Inc. announced the completion of the first tranche of its non-brokered private placement, raising gross proceeds of $429,152.79 through the issuance of 7,152,547 units. This development is subject to final acceptance by the TSX Venture Exchange (TSXV).

The initial closing saw participation from a strategic semiconductor investor, additional investors connected to Silicon Catalyst, and company management. Edgewater views this backing as a significant validation of its upcoming wireless technology roadmap and its patented Spectrum Slicing technology, which aims to deliver high-reliability, low-latency wireless connectivity.

"This first close is an important validation milestone for Edgewater," said Andrew Skafel, President and CEO of Edgewater Wireless. "Support from a strategic semiconductor investor, Silicon Catalyst-related participants and management sends a strong signal. It reflects growing confidence in Spectrum Slicing, and in our ability to move from validation to execution."

With the first tranche finalized, Edgewater is progressing toward a second tranche of the private placement. This next phase is contingent on the receipt of completed subscriptions, TSXV acceptance, and the fulfillment of standard closing conditions. The company anticipates providing further updates as the process moves forward.

"Wireless reliability is becoming a critical requirement for AI, autonomy, industrial systems and mission-critical edge applications," Skafel added. "We believe Edgewater is positioned directly in front of that shift. The market needs Wi-Fi that is more predictable, more resilient and better suited to real-world interference."

Edgewater's Spectrum Slicing technology is engineered to support multiple concurrent channels within a Wi-Fi band. This capability is designed to address the challenges of congestion, interference, and performance degradation in dense wireless environments.

The company continues to report positive engagement from strategic partners, industry stakeholders, and investors as it advances its development plans.

Edgewater Wireless is recognized as an industry pioneer in Wi-Fi Spectrum Slicing™ silicon solutions and intellectual property. Its patented, AI-powered Spectrum Slicing™ platform, integrated into the PrismIQ™ product family, is designed to enable multiple concurrent channels within a single band. This technology aims to increase usable capacity, reduce latency, and enhance performance reliability in crowded wireless settings.

PrismIQ™ supports Edgewater's Wi-Fi 8-ready solutions, which are intended for Ultra High Reliability and predictable performance across residential, enterprise, and Industrial IoT applications. The technology also opens avenues in sectors such as drones, UAVs, robotics, defense, and other mission-critical applications demanding resilient wireless performance.

Holding 26 granted patents and three pending AI-related patent applications, Edgewater operates with a capital-efficient, fabless semiconductor model. The company is focused on developing the intelligent wireless infrastructure for future global connectivity.

Source: Edgewater Wireless Systems Inc.