Mr. Brent Charleton reports

ENWAVE SIGNS RESEARCH & DEVELOPMENT LICENSE AND LEASE AGREEMENT WITH ELEA TECHNOLOGY GMBH

EnWave Corp. has signed a research and development licence (RDLA) and lease agreement with ELEA Technology GmbH, the world's leading pulse electric field (PEF) technology company.

The RDLA grants ELEA certain rights to use EnWave's radiant energy vacuum (REV) technology in combination with its PEF technology to develop best-in-class potato and vegetable snacks, with the intent to reduce or eliminate frying by pretreating products with PEF before REV drying. ELEA will lease a 10-kilowatt REV machine for use at its German facility beginning in February, 2025, for a minimum three-month term.

ELEA has placed its PEF technology at many of the largest potato manufacturers in the world. If the work completed through the RDLA yields positive results, EnWave anticipates quick commercialization of new, better potato and vegetable snack applications through ELEA's existing relationships.

About ELEA Technology GmbH

ELEA is the world's leading provider of pulsed electric field systems (PEF) to the food, beverage and scientific sectors. Eleaporation, developed over many years, is rapidly transforming food and beverage manufacturing around the world.

PEF changes the physical structure of fresh produce resulting in significant increases in yield, freshness, flavour and nutritional preservation -- plus savings in time and energy.

Elea's staff work closely with clients to provide tailor-made solutions through a process that involves initial briefing and research, developing, building and testing of its new design, and finally installation and continuing maintenance of the approved PEF systems.

This close collaboration often yields exciting new opportunities, inventions and technical advances, which means the company's learning and development are continually progressing, increasing the company's industry-leading knowledge of PEF.

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 improve product taste, texture, colour and nutritional value.

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