Dr. Tim Durance reports

ENWAVE SIGNS COMMERCIAL LICENSE AND RECEIVES MACHINE PURCHASE ORDER FROM SECOND CHILEAN FOOD PROCESSOR

EnWave Corp. has signed a royalty-bearing commercial licence agreement with Lake Blue Spa, a Chilean food processing company, for the production of dried cheese snack products. This is the fourth royalty-bearing licence that EnWave has granted for dried cheese production. Lake Blue has agreed to pay a 5-per-cent royalty to EnWave on the wholesale value of the dried cheese products it sells.

The licence grants Lake Blue the exclusive right to use EnWave's radiant energy vacuum (REV) dehydration technology for the production of dried cheese products in the country of Chile. To enable initial commercial production and market testing, Lake Blue has submitted a purchase order and paid a deposit to obtain a small commercial REV machine, which will be started up in late 2015. Lake Blue plans to build a market for several dried cheese products and, if successful, purchase a large commercial REV unit within the next 18 months. All other details of the licence are confidential. Lake Blue also plans to pursue other REV-dried product opportunities, including dried fruit and vegetable products.

About Lake Blue Spa

Lake Blue is a family-owned agro-industrial company with a history spanning more than 60 years of dairy and meat production in the Rivers region of southern Chile, one of the most pristine places in the world. During the last decade, Lake Blue has developed fruit production that is successfully exported to markets in the United States, Europe, China and Korea.

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