Edgewater Wireless Systems Inc (FRA:E14)
€ 0.0155 -0.0035 (-18.42%) Market Cap: 5.31 Mil Enterprise Value: 5.49 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 0/100

Edgewater Wireless Systems Inc at SNN Network Canada Virtual Event Transcript

Dec 09, 2021 / 04:30PM GMT
Release Date Price: €0.034
Operator

Welcome to the SNN network Canada virtual. I'd like to introduce our next presenter, Andrew Skafel, President and CEO of Edgewater Wireless. Andrew, the floor is yours.

Andrew Skafel
Edgewater Wireless Systems Inc. - President & CEO

Excellent. Thank you. I see a number of familiar names here and a number of new people, thank you very much for joining the Edgewater Wireless presentation. At Edgewater Wireless, we make WiFi better. We're a highly disruptive next generation WiFi technology. We are -- I will let you read the fine print on your own time.

Globally, there has been a massive shift to work from home with COVID. And essentially, work from home has resulted in an enormous increase in the number of devices connected to WiFi. There's over 4 billion WiFi devices added over the last 12 months and networks are seeing a 60% spike in at-home traffic. Significant, significant amount of that traffic, as I said, is over WiFi. Yet WiFi generates 40% of customer care calls at major service providers. It's a significant challenge for these service

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