Edgewater Wireless Systems Inc. Secures Strategic Funding for Wi-Fi Chip Commercialization

Edgewater Wireless Systems Inc., a Canadian company specializing in information technology and communications equipment, has recently secured significant funding to advance its next-generation Wi-Fi chip commercialization efforts. The company, based in Ottawa and listed on the TSX Venture Exchange, has been awarded $921,000 in non-dilutive funding through the FABrIC program. This funding is part of a larger $2.4 million project aimed at developing made-in-Canada Wi-Fi chipsets, reinforcing the company’s leadership in next-generation connectivity solutions.

The strategic federal grant, highlighted by multiple sources including Financial Post and CEO.ca, is set to accelerate Edgewater’s semiconductor innovation. This financial boost is expected to support the company’s efforts in producing wideband, multi-channel radio architecture and surveillance products, which are crucial for identifying security threats.

In addition to the funding news, Edgewater Wireless Systems Inc. experienced a temporary trading halt on June 26, 2025, as announced by the Canadian Investment Regulatory Organization (CIRO). The halt, which began at 8:15 AM ET due to pending news, was lifted later that day, allowing trading to resume at 1:45 PM ET. This suspension was a standard procedure to ensure orderly trading conditions while significant company developments were being announced.

As of June 25, 2025, Edgewater Wireless Systems Inc. had a close price of CAD 0.06, with a 52-week high of CAD 0.1 and a low of CAD 0.03. The company’s market capitalization stands at CAD 10,703,736. The recent developments and funding are expected to positively impact the company’s financial outlook and market position in the communications equipment sector.