Company Announcements

OTTAWA, Ontario--(BUSINESS WIRE)--Dec. 23, 2025-- Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF) (“Edgewater” or the “Company”), the industry pioneer of AI-powered Wi-Fi Spectrum Slicing™ silicon solutions and IP, today reported financial results for the three and six months ended October 31, 2025 (Fiscal 2026 Q2). The Company’s interim financial statements and related Management’s Discussion and Analysis (“MD&A”) are available on SEDAR+. All figures are in Canadian dollars and prepared in accordance with IFRS unless otherwise stated.

“Our progress this quarter reflects disciplined, capital-efficient execution across our PrismIQ™ roadmap—advancing AI-enabled capabilities and hitting key silicon program milestones,” said Andrew Skafel, President & CEO. “Just as importantly, our growing visibility—through invitations to speak alongside Silicon Catalyst and Arm at TSMC, and at Canada’s premier semiconductor symposium—signals that Edgewater’s star is rising as the industry shifts toward multi-link, multi-channel Wi-Fi architectures.”

Highlights and Corporate Update (Q2 FY2026)

• AI-enabled roadmap advancement: Initiated prototyping of an AI subsystem powered by Arm to enhance intelligent, edge-centric Wi-Fi performance in dense environments.
• CEO invited to speak at marquee Silicon Valley semiconductor forum: CEO Andrew Skafel selected to participate in Silicon Catalyst’s “Catalysts of Innovation” panel, hosted with Arm at TSMC—reinforcing Edgewater’s growing profile among semiconductor leaders, investors, and ecosystem partners.
• PrismIQ™ program milestone achieved: Completed RF front-end packaging for components slated for integration into the newly introduced PrismIQ™ product family—an on-time, on-budget milestone enabled by the Silicon Catalyst ecosystem.
• Balance sheet and capital structure enhancements: TSXV approved amendments extending the Company’s unsecured convertible debentures to September 1, 2027 and adding an acceleration feature (conversion permitted at the Company’s election if VWAP is $0.18+ for 10 consecutive trading days).

Subsequent Events and Recent Visibility (Outside the Reporting Period)

• National semiconductor thought leadership: Announced participation at Accelerated: Canada’s Semiconductor Symposium 2025 (Nov 25–26, Vancouver), where CEO Andrew Skafel spotlighted Edgewater’s AI-powered Wi-Fi Spectrum Slicing™ and Wi-Fi 8–ready silicon roadmap.
• Silicon Catalyst ecosystem engagement: Continued engagement across Silicon Catalyst’s network, including its Portfolio Company Update (Nov 5, 2025) convening semiconductor leaders and ecosystem stakeholders.
• Digital awareness program: Engaged Winning Media LLC for a two-month, omnichannel digital marketing program (US$50,000; subject to TSXV approval).
• AGM and governance: Shareholders approved all AGM resolutions, including the 2025 Equity Incentive Plan; the Board appointed Brian Imrie as Chair.

Financial Summary (Three and Six Months Ended October 31, 2025)

• Cash and liquidity: Cash at October 31, 2025 was $211,178.
• Net loss: Net loss for the quarter was $263,687 and for the six-month period was $623,643.
• Operating expenses: Operating expenses were $347,908 for the quarter and $707,644 for the six-month period, reflecting continued focus on advancing product development initiatives.
• Non-dilutive support: Recognized $48,499 (quarter) and $120,559 (six months) in other income related to reimbursable costs under the federal FABrIC program; recorded a $87,573 grant receivable at period end.
• Capital structure (as at October 31, 2025): Common shares outstanding: 237,902,445; stock options: 17,895,000; warrants: 67,837,139.

Edgewater’s unaudited condensed interim consolidated financial statements and related MD&A for the three and six months ended October 31, 2025 are available on SEDAR+.

About Edgewater Wireless

We make Wi-Fi. Better.

Edgewater Wireless delivers unmatched Wi-Fi QoS—bar none—by intelligently mitigating congestion, managing spectrum allocation in real-time, and autonomously reconfiguring channel and link density—driving economic gains for service providers and their customers through reduced churn, improved efficiency, and high-performance connectivity in dense environments. Redefining Wi-Fi from the silicon up, Edgewater’s patented, AI-powered Spectrum Slicing platform—delivered through the PrismIQ™ product family—breaks the limits of legacy Wi-Fi by enabling multiple concurrent channels in a single band. Wi-Fi Spectrum Slicing delivers 10x performance and up to 50% lower latency, even for legacy devices. With 26 patents and a fabless model, Edgewater is transforming the economics of Wi-Fi for service providers, OEMs, and enterprises—powering scalable, standards-aligned/leading connectivity across residential, enterprise, and Industrial IoT markets. A Silicon Catalyst portfolio company, Edgewater is building the intelligence wireless foundation for the next era of global connectivity.

Visit https://edgewaterwireless.com.

Forward-Looking Statements
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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251223506547/en/

Edgewater Wireless Contacts:
Andrew Skafel, President and CEO
E: andrews@edgewaterwireless.com

Bill Mitoulas, Investor Relations
E: ir@edgewaterwireless.com
T: +1.416.479.9547

Source: Edgewater Wireless Systems Inc.