Mr. Brent Charleton reports

ENWAVE SIGNS COMMERCIAL LICENSE WITH ROYALTY PARTNER FOR FUTURE PRODUCTION IN CENTRAL AMERICA

EnWave Corp. has signed a commercial licence with an existing royalty partner, which sells a broad portfolio of fruit and vegetable products globally. The licence grants the royalty partner with the right to use EnWave's proprietary vacuum microwave dehydration technology in an unspecified Central American country for the production of several tropical fruit products. In exchange for the rights granted in the licence, the royalty partner will pay EnWave a six-figure annual fee. If the royalty partner elects to purchase large-scale radiant energy vacuum (REV) drying technology for use in the region, royalties will then be paid to EnWave rather than future annual fees.

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 economically than freeze drying, rack drying and air drying and enjoy the 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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