Mr. Brent Charleton reports

ENWAVE SELLS 100KW RADIANT ENERGY VACUUM MACHINE TO BRANCHOUT FOODS INC.

EnWave Corp. has signed an equipment purchase agreement (the EPA) with BranchOut Foods Inc., a leading food technology company specializing in dehydrated fruit- and vegetable-based products. BranchOut requires additional radiant energy vacuum (REV) drying capacity to meet the increasing demand for its premium, healthy fruit and vegetable products. This is the third large-scale REV machine purchased by BranchOut.

Pursuant to the EPA, BranchOut has purchased a completely refurbished 100-kilowatt nutraREV machine, which was formerly being used by NutraDried Food Company, EnWave's former operating subsidiary. The company will realize a healthy margin and profit from this strategic redeployment given the 100 kW machinery is available for near-term shipment to BranchOut's newly leased facility in Peru.

BranchOut has been operating a 60 kW tray-based REV machine and has committed to a larger 120 kW REV machine to be delivered later in 2024, both allocated for the production of branded and private-label snack products. The 100 kW machinery is expected to bolster BranchOut's capabilities across different product lines.

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.

With more than 50 royalty-generating partners spanning 23 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 licences with food producers that 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 improving product taste, texture, colour and nutritional value.

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