Edgewater Wireless Fortifies Board as Wi-Fi Slicing Tech Matures

OTTAWA, Ontario – December 11, 2025

Edgewater Wireless Systems Inc., an Ottawa-based innovator aiming to solve Wi-Fi’s chronic congestion problem, announced the results of its Annual General Meeting (AGM) this week. While AGMs are often routine corporate housekeeping, the unanimous shareholder approval of all resolutions and, most notably, the strategic fortification of its Board of Directors, signals a pivotal moment for the company. With the re-appointment of seasoned M&A expert Brian Imrie as Board Chair, Edgewater appears to be shifting gears from pure R&D to aggressive commercialization of its groundbreaking Wi-Fi Spectrum Slicing technology.

The moves come as the company navigates the delicate transition from a development-stage entity with promising technology to a revenue-generating market player. The board's new composition, shareholder mandate, and recent technical milestones suggest a concerted effort to capitalize on its unique position in the increasingly crowded wireless landscape.

A Board Assembled for Growth and Monetization

A company's board is a reflection of its strategic priorities, and Edgewater’s newly-confirmed directorate is heavily weighted with the expertise needed to commercialize intellectual property and navigate capital markets. The appointment of Brian Imrie to the Chairmanship, a position he previously held until late 2020, brings deep M&A and corporate finance experience back to the helm. His background, with leadership roles at KPMG, National Bank Financial, and Morgan Stanley, provides the financial acumen crucial for a company looking to scale, form strategic partnerships, or explore future liquidity events.

Joining him is James Skippen, a director who came on board earlier in 2024 and is widely regarded as one of the world's leading IP strategists. Skippen’s tenure as CEO of WiLAN Inc. (now Quarterhill Inc.) saw the company transform into a patent monetization powerhouse. His presence on the board is a clear indicator of Edgewater’s intent to leverage its portfolio of over 26 granted patents. This isn't just about building a better product; it's about building a defensible and licensable technology platform.

Rounding out the board are incumbent director Ralph Garcea, a former top-ranked technology analyst with extensive capital markets experience, and Andrew Skafel, the company's President and CEO. Skafel provides the essential technological vision and operational continuity, having spearheaded the development of Edgewater’s core innovation. This blend of IP monetization, corporate finance, market analysis, and technology leadership creates a powerful governance structure designed to shepherd the company through its next critical growth phase.

Slicing Through the Noise: The Technology at the Core

At the heart of Edgewater’s strategy is its patented Wi-Fi Spectrum Slicing technology, delivered through its PrismIQ™ platform. The company’s core value proposition is a direct assault on the fundamental limitation of conventional Wi-Fi: contention. Traditional Wi-Fi operates like a single-lane road where devices must take turns to communicate, leading to congestion, high latency, and degraded performance as more users and gadgets connect.

Edgewater’s technology transforms this single lane into a multi-lane superhighway. It physically "slices" the available spectrum, allowing multiple, concurrent, non-interfering channels to operate in the same area. This dramatically reduces the "wait time" for devices, resulting in what the company claims is up to 10 times the performance and a 50% reduction in latency. Critically, these benefits extend even to legacy Wi-Fi devices, removing a significant barrier to adoption for both residential users and large enterprises.

This approach draws parallels with the network slicing used in 5G cellular networks, which creates dedicated virtual networks to guarantee Quality of Service (QoS) for specific applications. Edgewater applies a similar principle to the physical layer of Wi-Fi, aiming to deliver the kind of deterministic, reliable performance that has long been the Achilles' heel of wireless local area networks, especially in dense environments like apartment buildings, stadiums, and Industrial IoT deployments.

Recent developments show this is more than a theoretical advantage. A proof-of-concept trial with an unnamed major Tier 1 service provider reportedly demonstrated performance gains of 7 to 18 times in a majority of tested homes. Furthermore, the company's upcoming MLX 488 platform is touted as the first silicon solution to merge Wi-Fi 7 capabilities with Spectrum Slicing, incorporating AI-enabled features to dynamically manage the new multi-lane environment.

Navigating the Financial Gauntlet to Market Validation

For any development-stage tech company, innovation must be balanced with financial reality. Edgewater’s recent financial filings paint a picture of a company investing heavily in its future, with nil revenue and a net loss of over $2 million in its last fiscal year. Its status as a "going concern" highlights the inherent risks of its journey.

However, this picture is incomplete without considering the strategic financing and partnerships that signal market confidence. The company successfully secured a $1.915 million oversubscribed private placement and a $921,000 grant from the Government of Canada's FABrIC program to advance its silicon development. It has also managed its debt, extending the maturity of its convertible debentures to 2027, providing crucial breathing room.

This financial maneuvering is buying time for the technology to prove its commercial value. The successful Tier 1 provider trial is a massive step in this direction, moving Spectrum Slicing from a lab concept to a field-validated solution. Partnerships are also key to this strategy. By joining the Arm Flexible Access program, Edgewater gained access to a vast portfolio of silicon IP, which should accelerate the development of its next-generation chips and ease their integration into the broader electronics ecosystem.

The unanimous shareholder endorsement at the AGM, particularly the approval of the 2025 Equity Incentive Plan, serves as another critical piece of the puzzle. It shows that investors, fully aware of the financial challenges, remain committed to the long-term vision. Such plans are essential for retaining the top-tier engineering and leadership talent required to cross the finish line. The strong mandate from shareholders, combined with a strategically assembled board, provides the stability and focus needed to execute on the promise of its technology and secure its place in the future of connectivity.