Mr. Brent Charleton reports

ENWAVE SIGNS LICENSE AGREEMENT AMENDMENT WITH PATATAS FRITAS TORRES S.L. OF SPAIN, TO EXPAND PRODUCT PORTFOLIO AND MINIMUM ROYALTY REQUIREMENT

EnWave Corp. has signed an amendment to the royalty-bearing licence agreement entered into with Patatas Fritas Torres S.L. (PFT) of Spain. The amendment expands the product portfolio for PFT, which is focused on commercializing healthy, protein-rich snack products. PFT will leverage its existing distribution network to quickly broaden its product offerings in the global, fast-growing, nutritious, shelf-stable snack space. Under the terms of the amendment, PFT will pay EnWave additional minimum annual royalties in exchange for the expanded product definition.

PFT currently manufacturers cheese snacks using 10-kilowatt (kW) and 100 kW radiant energy vacuum (REV) machinery procured from EnWave. This product portfolio expansion should lead to increased manufacturing utilization and open the potential for additional REV machinery purchases in the future.

About Patatas Fritas Torres S.L.

Patatas Fritas Torres is a subsidiary of Gala Foods, a food business group that includes brands distinguished for their quality and innovation such as Patatas Torres and Just This. Gala Foods is committed to offering consumers a unique gastronomic experience through high-quality products, making their products with the best raw materials and ingredients on the market.

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 26 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 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 and reaching optimal moisture levels up to seven times faster, and improve product taste, texture, colour and nutritional value.

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