12:17 PM EST, 03/04/2025 (MT Newswires) -- Edgewater Wireless Systems ( KPIFF ) on Tuesday said the TSX Venture Exchange has accepted its Portfolio Company Services Agreement between Edgewater and arm's length party Silicon Catalyst, a Santa Clara, Calif.-based incubator and accelerator.

Silicon Catalyst-backed companies can tap in excess of US$3 million worth of in-kind goods and services essential for bringing Edgewater's next-generation semiconductors to market.

Silicon Catalyst has been granted a board advisor position and received 18.8-million warrants to purchase a share for $0.05.

"Gaining access to Silicon Catalyst's renowned incubator + accelerator program provides us with invaluable resources to dramatically reduce the costs of bringing our next-generation chips to market. Silicon Catalyst's mission - to support semiconductor innovators like Edgewater - offers us a strategic advantage by connecting us to a global ecosystem of in-kind and strategic partners. Their expertise will help us navigate the complexities of moving from development to production and commercialization while de-risking Edgewater for investors," said Edgewater President and CEO Andrew Skafel.

The company's shares were last seen down $0.02 to $0.055 on the TSX Venture Exchange.

Price: 0.06, Change: -0.02, Percent Change: -26.67