Wireless Grids Corporation Announces Social Media/Ecosystem Study

AUSTIN, Texas, March 23 /PRNewswire/ -- Wireless Grids Corporation (WGC) announced today that a study undertaken by the Whitman School of Management, Syracuse University, identified promising social media applications of wireless grids for urban entrepreneurial ecosystems. The study was supported in part by the Metropolitan Development Authority of Central New York, and its 'Grants for Growth' program, long championed by State Senator John De Francisco (R).

The study concludes that social media applications of WGC's products can be utilized as part of a broader strategy for community engagement and job creation, in urban neighborhoods with otherwise limited economic opportunity for residents.  

WGC's product enables a social community of people to dynamically interact with various forms of content on their mobile (and other) devices, seamlessly leveraging its patent pending "edgeware" applications.  For example, social media applications can support sub-communities of new immigrants in our inner cities. The possibility of providing content in native languages, supported by culturally-targeted audio and visual tools for specific users, can enhance understanding, reach, and interaction, and the effectiveness of communicated information to a population that often goes ignored or missed. Inner city residents then become social innovators and entrepreneurs, initially to solve their own community's needs, strengthening their own entrepreneurial ecosystem.

Dean Melvin Stith of the Whitman School of Management, Syracuse University, said: "We are delighted our top-ranked entrepreneurship faculty and their enterprising (and industrious!) students have been able to assist WGC learn how neighborhoods can apply Wireless Grids' new applications in creating their own new opportunities." Professor Craig Watters of Whitman's Entrepreneurship and Emerging Enterprises program, who led the study, said: "The Whitman School is always interested in exploring new innovations and how they may be applied for business and community benefit. Our students also learn a tremendous amount from the experience of assisting real businesses rethink their product strategies to align with community needs."

WGC CEO John Andrews said: "We are very excited to further explore the ways social communities – we call them social grids – can assist us in product testing, and soon, creating their own products and innovations leveraging our software platform."

About Wireless Grids Corporation:

Wireless Grids Corporation (WGC), which was spun out of Syracuse University and its labs is developing software based solution which is a next generation platform that transforms computer networking and wireless infrastructures (all devices) ability to interact seamlessly with little configuration. WGC has been widely recognized, including "One of the 9 Wireless Companies to Watch", Network World 2008. WGC is an Intel Certified Partner, an Academic Research Partner with Syracuse University, and an Academic Research Support Partner with the National Science Foundation (NSF).

Safe Harbor Statement: Forward-Looking Statements

This press release contains certain "forward-looking statements". Such statements include statements relating to the recent strengthening of the leadership team of the company and other statements relating to future events or to the company's future financial performance and are not historical facts, including statements which may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words.  Forward-looking statements are not guarantees of future performance are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the company. Actual results may differ materially from the expectations contained in the forward-looking statements. More detailed information about the company and the risk factors that may affect the realization of forward-looking statements is set forth in the company's Private Placement Memorandum. The company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

SOURCE Wireless Grids Corporation