TORONTO, ON / ACCESSWIRE / February 1, 2024 / Wi2Wi Corporation (the " Corporation "), a leader in precision timing devices, frequency control products, and microwave filters, is pleased to announce that its board of directors has authorized and approved a grant of stock options to its recently appointed Chief Executive Officer, Ted Clark. The Corporation has issued an aggregate of 3,500,000 options (the " Options ") at an exercise price of $0.035 per share. The granting of the Options and issuance of shares are subject to the terms and conditions of the Corporation's Stock Option Plan (the " Plan ") adopted by the Corporation on January 28, 2013 and subject to approval by the TSX Venture Exchange, if any approval is needed. An aggregate of 1,500,000 Options will vest on October 1, 2024, an aggregate of 1,000,000 will vest on June 1, 2025, and the balance 1,000,000 will vest on February 1, 2026.
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About Wi2Wi Corporation
Leaders in Frequency Technology and Wireless Solutions
Founded in 2005, Wi2Wi Corporation has established itself as a leader in frequency control technology and wireless solutions, catering to a diverse array of industries including Avionics, Space, Industrial, and Government sectors. With our roots in innovation and precision, we are committed to delivering top-tier frequency control products and wireless connectivity solutions.
Centralized Innovation in Middleton, Wisconsin
Our Middleton facility is not just the heart of our manufacturing operations; it is a center of excellence for design and engineering, especially in timing and frequency control. Here, we combine state-of-the-art manufacturing with our laboratory's stringent reliability and quality controls to ensure that every product we offer is synonymous with precision and reliability.
Advanced Frequency Control and Wireless Connectivity Solutions
At Wi2Wi, we specialize in advanced frequency control products, which are essential for a wide range of high-performance applications. Our products are known for their precision, durability, and innovation.
Alongside these, we design and manufacture deeply integrated, end-to-end wireless connectivity solutions, offering our customers a comprehensive approach to wireless technology.
Partnerships for a Connected World
Our approach to innovation is enhanced by strategic partnerships with global leaders in technology, manufacturing, and sales. We leverage a global network of manufacturer's representatives and collaborate with world-class distributors for efficient order fulfillment, ensuring that our advanced frequency control and wireless solutions reach a global market.
Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with the ability to access sufficient capital, the impact of general economic conditions in Canada, the United States and overseas, industry conditions, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR+ website (www.sedarplus.ca). Forward-looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made, and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward- looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Wi2Wi Corporation