EnWave Signs Technology Evaluation and License Option Agreement with Food Company Led by Michelin Star Chef

Delta, BC, April 2nd, 2024

EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) today announced that it has signed a Technology Evaluation and License Option Agreement with a North American food company led by a renowned chef with multiple Michelin Stars (the “Food Company’).  The Food Company trialed EnWave’s Radiant Energy Vacuum (“REV™”) dehydration technology at the Company’s innovation center located in Delta, Canada, prior to committing to this next phase of testing.

The Food Company will rent a pilot-scale REV™ machine for use at their own facility to expedite the development of bespoke culinary creations that align with the vision of its Michelin Star chef owner.   If successful, EnWave will potentially support larger-scale production of REV™-dried products for the Food Company at its REVworx toll-drying facility or help facilitate a co-manufacturing relationship with another licensed royalty partner within EnWave’s network.  The rental period for the pilot-scale REV™ machinery is a minimum of three months.

About EnWave  

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, BC, EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REV™) technology, and transformed an innovative idea into a proven, consistent, and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality, and cost.

With more than fifty royalty-generating partners spanning twenty-six countries and five continents, EnWave’s licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner and getting to market faster with the company’s patented technology, licensed machinery, and expert guidance.

EnWave’s strategy is to sign royalty-bearing commercial licenses with food producers who want to dry better, faster and more economical than freeze drying, rack drying and air drying, and enjoy the following benefits of producing exciting new products, reaching optimal moisture levels up to seven times faster, and improve product taste, texture, color and nutritional value.

Learn more at EnWave.net. 

EnWave Corporation 

Mr. Brent Charleton, CFA 

President and CEO 

For further information: 

Brent Charleton, CFA, President and CEO at +1 (778) 378-9616 
E-mail: bcharleton@enwave.net  

Dylan Murray, CFO at +1 (778) 870-0729
E-mail: dmurray@enwave.net   

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.