OTTAWA, ONTARIO — (Marketwire) — 03/29/12 — Edgewater Wireless Systems Inc., (TSX VENTURE: YFI) a leading developer and manufacturer of multi-channel 802.11 wireless communications equipment, is pleased to announce that Hubert “Bert” Whyte has agreed to join its board of directors. Mr. Whyte, a 30 year veteran of the telecommunications industry, brings tremendous experience, hand-s-on leadership and creative vision to Edgewater Wireless- board.
“We are truly excited and privileged to have attracted someone of Bert-s caliber to join our Board of Directors,” said Duane Anderson, Chairman of the board of Edgewater Wireless. “Bert brings with him a breadth of experience across the global high-tech and telecommunications- markets that will prove instrumental in guiding Edgewater Wireless- continued growth and success”.
Mr. Whyte has held a variety of positions during his career, including President and CEO of Network Equipment Technologies (NET) , and President of Advanced Computer Communications (ACC), both of California. Mr. Whyte successfully restructured NET to become a leading player in the emerging broadband and IP voice markets. Prior to this, Mr. Whyte turned ACC into a market leader in IP routing which was eventually acquired by the giant Swedish Telecom company Ericsson for just under US$300M. Mr. Whyte was also one of the early employees of Newbridge Networks Corporation, a company founded by Terry Matthews and subsequently sold to Alcatel. Mr. Whyte has been active in the investment community, and has participated in a number of mergers and acquisitions over his career.
“I-m very pleased to be part of this exciting company. Edgewater Wireless-s multi-channel technology is a major breakthrough that has wide applications in the rapidly growing WiFi Infrastructure and Data Offload market on a global level,” said Mr. Whyte. “I am looking forward to being an active member of the board and supporting the continued success and rapid growth of the company.”
About Edgewater Wireless Systems, Inc: Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. Edgewater Wireless delivers advanced product solutions designed to meet the high-performance, high quality of service (QoS) and high-reliability needs of service providers and their customers. Leveraging over twenty (20) patents, Edgewater Wireless is redefining WiFi infrastructure with its wideband, multi-channel radio and high-capacity Access Point solutions, and delivering next generation WiFi, today. For more information, please visit .
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.
Contacts:
Andrew Skafel
President, Edgewater Wireless
613.271.1101 x 2262
Lalli Chapman
Capital Ideas Research
647-669-7646
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