Edgewater Wireless Systems, Inc.
TSX VENTURE : KPI

Edgewater Wireless Systems, Inc.

December 15, 2011 09:03 ET

KIK Polymers Announces Distinguished Board Nominee

Edgewater Wireless Attracts Deutsche Bank Managing Director as Candidate for Board

OTTAWA, ONTARIO--(Marketwire - Dec. 15, 2011) - Edgewater Wireless Systems, Inc., a leading developer and manufacturer of multi-channel 802.11 wireless communications equipment, is pleased to announce that Jason Gurandiano has agreed to stand for election to the board of directors of its parent company KIK Polymers Inc. (TSX VENTURE:KPI), a role that would see his expertise and experience help guide the growth of Edgewater Wireless.

Mr. Gurandiano is a Managing Director in Deutsche Bank's New York Investment Banking Group where he leads the Financial Technology coverage effort. Mr. Gurandiano has broad M&A and financing background in the financial services and technology sectors, and brings a wealth of public company, board and directorship experience. He is currently the Chairman of the board of VersaPay Corporation, a company he founded, currently listed on the TSX.V. Mr. Gurandiano received a combined Master of Business Administration degree and a Juris Doctor degree from DePaul University.

"We are truly excited and privileged to have attracted someone of Jason's caliber to stand for election to our board of Directors", said Duane Anderson, Chairman of the board of KIK Polymers. "Jason brings with him a breadth of highly relevant experience and knowledge that will be instrumental in guiding Edgewater Wireless' continuing growth and success".

"I am impressed by the product differentiation, the quality of the management team and the tremendous opportunity Edgewater Wireless has to secure a solid business position in a large and rapidly growing market," said Mr. Gurandiano. "I am looking forward to working with the Edgewater Wireless Board should my nomination be accepted by the shareholders."

Edgewater Wireless, a wholly owned subsidiary of KIK Polymers Inc, is a premier supplier of leading edge technologies for 802.11 WiFi Access Point product solutions, one of the fastest growing segments in the communications market. Elections for new directors will take place at the next Meeting of Shareholders on January 12, 2012.

About Edgewater Wireless Systems, Inc: Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. The company's customer base includes some of the world's largest telcos and enterprises. Edgewater Wireless' EAP3000 product family delivers significantly greater bandwidth density, advanced network visibility, improved security, and network reliability required to meet the demands generated by the explosive growth in data communications occurring around the world. Backed by an extensive patent portfolio, the flagship EAP3000 product family leverages an internally developed, high-performance multi-channel, standards compliant radio chipset that targets the rapidly growing demand for data communications capacity. Drawing from top industry professionals, Edgewater Wireless is managed by an experienced team with extensive commercialization and development expertise in advanced wireless, communications and semiconductor solutions. For more information, please visit www.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" "pursue" 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's 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.

Contact Information

  • Edgewater Wireless/KIK Polymers
    Andrew Skafel
    President, Edgewater Wireless
    613-271-1101 x 2262
    andrews@edgewaterwireless.com

    Phoenix Communications Group
    Jason Shepherd
    President & CEO
    250-717-1910
    pcg@shaw.ca