Mr. Brent Charleton reports
ENWAVE REACHES CIVIL LITIGATION SETTLEMENT WITH FORMER CEO AND OTHERS
EnWave Corp. has reached global settlements of its civil claim in the Supreme Court of British Columbia against EnWave's former chief executive officer, Timothy Durance, as well as three other former EnWave employees: Gary Sandberg, Bino Anand and Reihaneh Noorbakhsh.
Pursuant to the settlement, Mr. Durance, Mr. Sandberg and Mr. Anand, together with three companies associated with Mr. Durance, including Dehydration Research LLC and Durance Technologies Inc., are permanently restrained and enjoined from, directly or indirectly, selling, attempting to sell, supplying, delivering or installing vacuum microwave dryers. The Durance defendants are also obligated to assign all issued and pending patents in the name of the Durance defendants to EnWave.
EnWave has also reached settlements with all other defendants named in its civil claim, including B.C. Hop Company and Peregrine Precision Systems.
EnWave will continue to vigorously protect its intellectual property and position as the global leader in vacuum microwave dehydration technology.
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 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 its 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 which 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 improve product taste, texture, colour and nutritional value.
We seek Safe Harbor.
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