14 Mar 2019 09:30
Global Invacom Group Limited
("Global Invacom", the "Company" or the "Group")
Global Invacom Selects Edgewater Wireless for Bx-WiFi Partnership
Revolutionary high-density WiFi platform to be used for Bx-WiFi development
Singapore, London and Ottawa, 14 March 2019 - Global Invacom (SGX: QS9) (AIM: GINV), a global provider of satellite communications equipment, is pleased to announce a partnership (the "Partnership") with Edgewater Wireless Systems Inc (YFI: TSX.V) (OTCQB: KPIFF), ("Edgewater") for the further development of Broadcast WiFi ("Bx-WiFi"), a technology that enables live, high quality and large-scale event video streaming over a Wi-Fi network.
Edgewater is an industry leader in innovative WiFi Multi-Channel Single Radio (MCSR™) technology for residential and commercial markets. The Partnership will leverage Edgewater's expertise to further develop the existing Bx-WiFi technology and will provide access to Edgewater's professional grade WiFi technology, engineered to support high-client density applications. Access to Edgewater's MCSR™ platform will enable large scale testing over a high-quality network designed to withstand increasing use of WiFi and mobile devices within stadiums and arenas.
Bx-WiFi was first unveiled and successfully live-tested by the BBC and Global Invacom in August 2017 at the Edinburgh Fringe Festival, the largest arts festival in the world. The breakthrough technology enables simultaneous streaming of uninterrupted audio or video content from multiple sources to thousands of smartphone or tablet devices, all connected to a hotspot in the same venue, such as a concert, conference or sporting fixture. It uses Forward Error Correction to maintain video quality, and multicast technology that minimises bandwidth usage when a large number of users are simultaneously streaming.
According to Statista (November 2018), more than 619.7 million people attended music and sporting events worldwide in 2018, generating more than USD 63.7 billion in revenue and rising this year to a projected 653.8 million+ attendees and USD 71.7 billion in revenue. As live sports fans, event attendees and concertgoers pour into these venues, they expect to be able to access high-quality WiFi service without disruption or delay, regardless of how many users and devices are being used simultaneously. The Partnership solves the problems of WiFi reception and transmission in high-traffic venues by adding Edgewater's MCSR solutions to Global Invacom's Bx-WiFi technology.
Steven Fisher, Systems Architect at Global Invacom, commented: "We're thrilled to be partnering with Edgewater to further develop our Bx-WiFi technology. Access to Edgewater's experience and industry know-how will enable us to improve and enhance our existing technology without customer grade hardware limitations."
"We are very pleased to be working with Global Invacom and to be testing the Bx-WiFi technology over our footprint of WiFi hotspots. This partnership will allow us to push the boundaries of our hardware and could set a new record number for video streaming to a device on each hotspot," said Eric Smith, VP of Product for Edgewater Wireless. "Applications like Bx-WiFi further enhance the capabilities of our MCSR™ technology and further drive market demand."
For further information, please contact:
Global Invacom Group Limited | www.globalinvacom.com |
Matthew Garner, Chief Financial Officer | Tel: +65 6431 0782 Tel: +44 203 053 3523 |
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finnCap Ltd (Nominated Adviser and Joint Broker) | www.finncap.com |
Christopher Raggett / Matthew Radley (Corporate Finance) | Tel: +44 207 220 0500 |
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Mirabaud Securities LLP (Joint Broker) | www.mirabaud.com |
Peter Krens (Equity Capital Markets) | Tel: +44 207 878 3362 |
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WeR1 Consultants Pte Ltd (Singapore Investor Relations) | www.wer1.net |
Jordan Teo / Ryan del Agua | Tel: +65 6737 4844 |
ginv@wer1.net |
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Vigo Communications (UK Media & Investor Relations) | www.vigocomms.com |
Jeremy Garcia / Fiona Henson / Charlie Neish | Tel: +44 207 390 0238 |
ginv@vigocomms.com |
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About Global Invacom Group Limited
Global Invacom is a fully integrated satellite equipment provider with six manufacturing plants across China, Israel, Malaysia, UK and the US. Its customers include satellite broadcasters such as BSkyB of the UK and Dish Network of the USA.
Global Invacom provides a full range of antennas, LNB receivers, fibre distribution equipment, transmitters, switches and video distribution components and electronics manufacturing services in satellite communications as well as manufacturing services in military, medical, and consumer electronics industries. Following the acquisition in 2015 of Global Skyware, a leading US-based designer and supplier of satellite antennas products and services, the Company became the world's only full-service outdoor unit supplier.
Global Invacom is listed on the Mainboard of the Singapore Exchange Securities Trading Limited and its shares are admitted to trading on the AIM Market of the London Stock Exchange.
For more information, please refer to www.globalinvacom.com
About Edgewater Wireless
We make WiFi. Better.
Edgewater Wireless (www.edgewaterwireless.com) is the industry leader in innovative WiFi technology for residential and commercial markets. We deliver advanced silicon solutions designed to meet the high-density and high quality-of-service needs of service providers and their customers. With 24+ patents, Edgewater's Multi-Channel, Single Radio (MCSR) technology revolutionizes WiFi with its aera™ access point product line, delivering next-generation WiFi today.
The best solution for High-Density WiFi networks, Edgewater provides reference designs for easy OEM integration, enabling service providers to plan, build and deploy reliable, high-capacity services to meet data demand in any environment, while fewer access points means lower deployment costs.
Explore the evolution of Wi-Fi at www.EdgewaterWireless.com and www.aera.io