Mr. Brent Charleton reports

ENWAVE SECURES $5 MILLION REVOLVING CREDIT FACILITY WITH DESJARDINS FOR GROWTH AND WORKING CAPITAL PURPOSES

EnWave Corp. has signed a revolving credit facility agreement with Desjardins Tech & Innovation Banking of the Desjardins Group, the largest financial co-operative in North America. The amount available to the company under the facility is calculated as the lesser of $5-million and a function of royalties, receivables and inventory.

Additionally, the company has signed a $500,000 loan agreement with Desjardins with an amortization period of 48 months. The term loan is to be repaid monthly on equal and consecutive payments of principal plus interest. The credit facility and term loan are secured by the company's assets and subject to the company maintaining a continuing minimum liquidity position.

The credit facility and term loan provide the company with non-dilutive financing, as needed, to execute an enhanced and intensified sales strategy. EnWave plans to attract additional top-level sales talent and increase the company's international presence in key growth markets. EnWave is currently working with a global recruitment firm to attract and hire its first sales manager in Europe. A second sales manager will be recruited for the South Asian region. Other markets will be considered later in the fiscal year.

In the fourth quarter of 2024, EnWave announced the hiring of Danna Dunnage as its new vice-president, global sales and business development.

In the coming months, the company also plans to exhibit at several major international food manufacturing and technology trade shows to generate sales leads and drive revenue growth. Following its recent participation at the IFT First Conference in Chicago, Anuga FoodTec in India and the Food Tech Summit & Expo in Mexico, EnWave will attend GulFood in Dubai later this calendar year.

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 who 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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