Quarter ended July 31, 2025 – momentum in Spectrum Slicing™, non-dilutive funding, and capital structure flexibility

OTTAWA, Ontario--(BUSINESS WIRE)--

Edgewater Wireless Systems Inc. ( KPIFF ) (TSXV: YFI) (OTC: KPIFF) (“Edgewater” or the “Company”), the industry pioneer of AI-powered Wi-Fi Spectrum Slicing™ technology today announced its unaudited financial results for the three months ended July 31, 2025 (“Q1 FY2026”) and provided an update on recent corporate developments. All figures are in Canadian dollars and prepared in accordance with IFRS unless otherwise stated.

Management Commentary

“We spent Q1 executing against a capital-efficient plan: progressing our Spectrum Slicing silicon/IP strategy, strengthening ecosystem engagement, and securing non-dilutive support,” said Andrew Skafel, President & CEO of Edgewater Wireless Systems Inc. ( KPIFF ) “With our RF front-end packaged and our Arm-powered AI subsystem prototyping underway, we’re focused on turning technical momentum into commercial outcomes.”

Q1 FY2026 Business Highlights

Ecosystem & brand: Presented Spectrum Slicing benefits for managed broadband at RDK Tech Summit 2025 (London) and participated in the Silicon Catalyst Portfolio Company Update (Silicon Valley); launched a new corporate website and updated investor presentation.

Non-dilutive funding: ~C$921,000 award from FABrIC, Canada’s flagship semiconductor commercialization program, contributing to a ~C$2.4 million development project.

Talent & incentives: Granted 500,000 stock options to a consultant (vested over two years) to align with milestone execution.

Subsequent Developments (Post-quarter)

Product milestones: Completed packaging of the Company’s RF front-end; initiated prototyping of an Arm-powered AI subsystem to enhance intelligent, edge-centric Wi-Fi performance.

Capital structure: Received TSXV approval to extend the maturity of the Company’s 2022 unsecured convertible debentures from September 1, 2025, to September 1, 2027, adding an acceleration (forced-conversion) provision if the VWAP is ≥ $0.18 for 10 consecutive trading days; all other terms remain unchanged.

Visibility: CEO selected to participate on Silicon Catalyst’s “Catalysts of Innovation” panel alongside key ecosystem partners.

Q1 FY2026 Financial Summary (three months ended July 31, 2025)

As of July 31, 2025, Edgewater reported cash of $622,753 and a working capital deficiency with current assets of $909,936 and current liabilities of $1,623,803. For the quarter, the Company recorded a net loss of $359,956 (basic and diluted loss per share: $0.002; 237,879,348 weighted-average shares outstanding), driven by operating expenses of $359,736—including G&A of $267,460 and product development of $68,113—partially offset by $72,060 of other income related to eligible FABrIC program costs. Results also reflect a non-cash change in fair value of convertible debentures of $58,469; current convertible debentures were $480,800 at quarter-end. All figures are in Canadian dollars and unaudited. Detailed information is available in the Company’s Condensed Interim Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) for the three months ended July 31, 2025, which are available on SEDAR+.

Outlook & Priorities

Edgewater continues to execute a capital-efficient strategy to commercialize Spectrum Slicing™ through silicon/IP licensing and reference designs. Near-term priorities include advancing baseband and AI subsystems, deepening service-provider/OEM engagements, and leveraging non-dilutive programs to support development. Management notes the going-concern risk factors and the Company’s intention to pursue appropriate financing and strategic options to fund operations and growth.

About Edgewater Wireless ( KPIFF )

We make Wi-Fi. Better.

Edgewater Wireless ( KPIFF ) 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 ( KPIFF ) 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 ( KPIFF ) 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 ( KPIFF ) 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.

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Source: Edgewater Wireless Systems Inc. ( KPIFF )