Mr. Brent Charleton reports

MAJOR COLOMBIAN DAIRY COMPANY, ALPINA, LAUNCHES REV DRIED CHEESE SNACKS NATIONWIDE IN COLOMBIA

Alpina Productos Alimenticios AS BIC, a previously unnamed licensed partner of EnWave Corp., has developed and launched a new dried cheese snack brand, Alpina Snacks, in Colombia. Alpina holds an exclusive licence to produce cheese snack products in Colombia using EnWave's radiant energy vacuum (REV) dehydration technology.

Alpina is the third-largest dairy company in Colombia with annual sales of over $700-million (U.S.) and operations in Colombia, Ecuador and Venezuela. Alpina previously signed an evaluation agreement with EnWave in May, 2020, and subsequently purchased a 10-kilowatt REV machine in July, 2021. The royalty-bearing licence was signed on July 19, 2021, to initiate production of its REV dried cheese snack portfolio.

The brand, Alpina Snacks, is being launched to target South American consumers looking for better-for-you snack options with clean labels. Alpina Snacks' new product contains only 100 per cent dehydrated cheese. Three initial cheese flavours -- Dutch (Edam), Parmesan and Sopo -- are being launched as part of the Alpina Snacks portfolio. Each variety provides protein, is gluten-free and keto friendly, contains no artificial ingredients, and is produced without oil or frying. Alpina will leverage its extensive distribution network to gain placement in specialty health stores, airports, e-retailers and e-commerce, in addition to traditional grocery retail distribution.

The exclusive right granted to Alpina to produce crunchy, shelf-stable cheese snacks in Colombia is pursuant to meeting certain minimum royalty and machine purchase order requirements. These new products will complement Alpina's existing broad portfolio of established dairy brands that are currently being sold throughout Colombia, Ecuador and Venezuela.

EnWave's scalable and reliable REV technology can be used to produce shelf-stable snack products that are among the best in nutritional value, taste, texture and colour. EnWave has signed 49 royalty-bearing commercial licence agreements with companies that are bringing innovative new products to market using EnWave's patented dehydration technology.

About EnWave Corp.

EnWave, a Vancouver-based advanced technology company, has developed radiant energy vacuum (REV), an innovative, proprietary method for the precise dehydration of food and cannabis applications. The company has developed patented methods for uniformly drying and decontaminating cannabis through the use of REV technology, shortening the time from harvest to high-quality, marketable cannabis products. EnWave also holds a robust intellectual property portfolio protecting several unique processes relating to specific food applications produced using vacuum microwave technology.

The REV technology's commercial viability has been demonstrated and is growing rapidly across several market verticals in the food and pharmaceutical sectors, including legal cannabis. EnWave's strategy is to sign royalty-bearing commercial licences with innovative, disruptive companies in multiple verticals for the use of REV technology. It has signed over 50 licences to date in 20 countries worldwide. In addition to these licences, EnWave established a limited liability corporation, NutraDried Food Company LLC, to manufacture, market and sell REV dried snack products in North America, including the Moon Cheese brand, as well as co-manufacture for third parties.

EnWave has introduced REV as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV platforms:

• nutraREV, which is a drum-based system that dehydrates organic materials quickly and at low cost while maintaining high levels of nutrition, taste, texture and colour;
• quantaREV, which is a tray-based system used for continuous high-volume, low-temperature drying.

EnWave is also active in the pharmaceutical industry through a joint development agreement with GEA Lyophil, a leader in GMP (good manufacturing practice) drying machinery.

We seek Safe Harbor.