Mr. Brent Charleton reports

ENWAVE DECLARES SIGNIFICANT SALES WINS FOR ROYALTY-PARTNER BRANCHOUT FOOD

BranchOut Food Inc., a royalty partner of EnWave Corp., has broadened its existing relationship with the nation's largest warehouse club following exceptional sales of its popular Pineapple Chips product in the California regions. The warehouse club retailer has now committed to two new orders valued at nearly $900,000 (U.S.), scheduled for Q3 2024, placing the product again in the northern California region, plus seven additional states across the Southeast.

The warehouse club retailer's Southeast region is one of its largest and includes Florida, Georgia, Alabama, South Carolina, North Carolina and Tennessee. Several other regions are now reviewing BranchOut Food's products and sales data as well. BranchOut expects to begin delivery of products in the third quarter of 2024.

BranchOut also recently expanded its relationship with the nation's largest grocery retailer. BranchOut states that the new agreement is valued at an estimated $7.6-million (U.S.) annually. BranchOut has renewed its contract with the grocery retailer for two products and entered into a new contract for two additional products. BranchOut received a 12-month contract extension for two dried fruit private label items that were first supplied in 2023.

These developments with both the largest warehouse club retailer and the largest grocery retailer in the United States are expected to bolster the royalties collected by EnWave from BranchOut and the company is optimistic regarding further positive growth in this commercial relationship.

About EnWave Corp.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, B.C., 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.

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