OTTAWA, CANADA and Mexico City, Mexico - July 11th, 2012 - Edgewater Wireless Systems Inc., (YFI; TSX.V) a leading developer and manufacturer of 802.11 wireless communications equipment, is pleased to announce that it continues to grow its presence and expand its distributor network in the Americas. Edgewater Wireless and NEEPS Ingenieria have signed a channel partnership agreement for the distribution of Edgewater Wireless' WiFi3-enabled multi-channel access point products in Mexico.
For over twenty-two years, NEEPS Ingenieria has provided system integration and distribution of turnkey networking solutions, including optical fiber, LAN/WAN, microwave and Wireless LAN (WLAN), into the Mexican education, carrier, healthcare, and manufacturing markets, as well as into mid-size Enterprise and government agencies. NEEPS's customers include Televisa (the largest mass media company in Latin America), Pemex (Mexico's state oil company), Telefonica Movistar (a major carrier's fixed and mobile brand in Spain and Latin America), IBM, Procter & Gamble, IUSACELL, ICA, Avon, Telcel, Red Uno, Grupo Angeles, Grupo Posadas and others.
"NEEPS needed to expand its turnkey services to include high performance, carrier-class 802.11 WLAN equipment to support and grow our customer base. There is clearly a growing demand in our market for this technology and Edgewater Wireless' WiFi3 product was noticeably superior to other product offerings we evaluated," said Ismael Castaneda Reyes, NEEPS Director General.
NEEPS is now a member of Edgewater Wireless' Element3 distributor program signing up to the "Flame" channel partner level. As part of the agreement, NEEPS volume sales commitment over the next 12 months will be supported by Edgewater Wireless through on-site training of NEEPS' sales and system integration teams.
"NEEPS is a high-quality distributor and system integrator that provides a high-value, well established channel into a key target market for Edgewater Wireless," said Andrew Skafel, President of Edgewater Wireless. "NEEPS has large customers in verticals that have been early adopters of Edgewater Wireless WiFi?, such as the hospitality industry, the large service providers, and sectors such as the oil and gas where WiFi? technology could truly provide superior performance. In addition, NEEPS adds upwards of sixty new sales and support people, which makes NEEPS an invaluable addition to Edgewater Wireless' channel partner eco-system."
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' WiFi3 is redefining WLAN infrastructure with its wideband, multi-channel radio and high-capacity Access Point solutions, and delivering next generation WiFi, today. For more information, please visit www.edgewaterwireless.com.
About NEEPS Ingenieria: NEEPS Ingenieria SA de CV has been a leader in Telecomm Infrastructure Implementation for over 22 years in the Mexican market. During this time NEEPS has provided high quality services across all sectors, exceeding customer satisfaction in every project it undertakes. Through its Technological Institute, NEEPS develops nationwide top-notch talent and encourages best practices to continually transform and prepare Mexican business and organizations to compete at a global scale. For more Information, please visit: www.neeps.mx
For more information please contact:
Andrew Skafel, PresidentIsmael Castaneda Reyes, Director General
Edgewater Wireless Systems IncNEEPS Ingenieria S.A. de C.V.
+1 613.271.1101 x 2262+ 52 55 3330 1111 ext. 225
Nadine Desruisseaux, Investor Relations Sergio Serna Alvarez, Telecomm Manager
Capital Ideas Investor Relations NEEPS Ingenieria S.A de C.V.
+1.647.202.5292 +52 55 3330 1111 ext.222
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.
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