Company Announcements

OTTAWA, Ontario--(BUSINESS WIRE)--Jan. 7, 2026-- Edgewater Wireless Systems Inc. (TSX-V: YFI) (OTC: KPIFF) (the “Company” or “Edgewater Wireless”) announces its shareholders have approved the Company’s new equity incentive plan (the “Compensation Plan”) at the annual meeting of shareholders held on December 10, 2025 (the “Shareholders’ Meeting”).

The Compensation Plan supersedes the Company’s 2024 fixed 20% stock option plan. The Compensation Plan provides the Company with the ability to issue stock options (“Options”), restricted share units, performance share units, and deferred share units (together, the “Awards”) to directors, officers, employees or consultants of the Company or its subsidiaries. The aggregate number of common shares reserved for issuance in respect of Awards granted under the Compensation Plan will not, in the aggregate, exceed 47,669,494 common shares, representing 20% of the total number of issued and outstanding common shares (calculated on a non-diluted basis) at the date of implementation of the Compensation Plan.

The Compensation Plan is subject to final approval by the TSX Venture Exchange.

Further details regarding the Compensation Plan are included in the management information circular of the Company filed on SEDAR in connection with the Shareholders’ Meeting.

The Company further announces that it has granted options to purchase an aggregate of 6,300,000 common shares of the Company to directors, officers, employees and industry consultants of the Company, exercisable at a price of $0.05 per common share until December 22, 2030. An aggregate of 5,400,000 of the options vest as follows: 33% on the grant date, 33% on the first anniversary of the grant date and 34% on the second anniversary of the grant date. An aggregate of 900,000 stock options were granted, with 25% vesting immediately and the remaining 75% vesting in equal 25% installments at 6 months, 12 months, and 18 months from the grant date.

The Company has also granted an aggregate of 2,500,000 deferred share units (“DSUs”) to directors and officers of the Company. Each DSU vests after one year and entitles the holder to receive one common share of the Company on vesting for no additional consideration. The grant of the DSUs was made pursuant to the Compensation Plan, and is therefore subject to and effective only upon approval of the Compensation Plan by the TSX Venture Exchange.

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 granted 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 intelligent wireless foundation for the next era of global connectivity.

Visit https://edgewaterwireless.com

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/20260107673974/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.