08:38:35 EDT Fri 04 Jul 2025
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EnWave Corp
Symbol ENW
Shares Issued 111,206,721
Close 2025-07-03 C$ 0.385
Market Cap C$ 42,814,588
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EnWave signs licence deal with MicroDried

2025-07-03 18:03 ET - News Release

Mr. Brent Charleton reports

ENWAVE SIGNS ADDITIONAL LICENSE WITH MICRODRIED® TO EXPAND PRODUCT PORTFOLIO AND SELLS THREE RADIANT ENERGY VACUUM MACHINES

EnWave Corp. has signed an additional royalty-bearing commercial licence agreement and executed equipment purchase agreements for two 10-kilowatt and one 60 kW radiant energy vacuum (REV) machines with MicroDried, the company's longest-standing royalty partner.

Under the licence agreement, MicroDried gains exclusive rights to use EnWave's REV dehydration technology to produce mochi and Greek yogurt products in North America. The licence agreement also includes the right to manufacture additional dairy applications, such as shredded cheese and cheesecake. In exchange for these expanded rights, MicroDried has agreed to pay incremental minimum annual royalties in addition to the existing royalty obligations under its fruit and vegetable licence.

MicroDried, a leading U.S.-based producer of premium fruit and vegetable ingredients, is now expanding its portfolio to include clean-label, nutrient-dense dairy and mochi ingredients for top global food brands. This expansion strengthens MicroDried's position as a key supplier to many of the world's largest consumer packaged goods companies.

MicroDried currently operates three large-scale vacuum-microwave drying lines in Nampa, Idaho, focused on fruit and vegetable snack and ingredient production. As part of its growth strategy, MicroDried is opening a state-of-the-art dairy processing facility in Washington State (the dairy facility). One of the newly purchased 10 kW REV units, along with the 60 kW machine purchased in April, 2025, and the additional 60 kW machine purchased today, will be installed at the dairy facility. The second 10 kW REV machine will be installed in Nampa for continuing product development. The dairy facility is expected to be operational this summer, with the two 60 kW machines scheduled for commissioning in late 2025.

With five large-scale REV machines under its control, MicroDried now holds the highest REV manufacturing capacity of any company in the world.

EnWave will now begin building another large-scale REV machine for its inventory in preparation for anticipated demand from its pipeline of sales prospects.

About MicroDried

MicroDried operates a state-of-the-art production facility in Nampa, Idaho, for its proprietary dried fruit and vegetable ingredients, complemented by three IQF production lines across two facilities in Grandview, Wash. Each location is equipped with cutting-edge automation and food safety controls designed to ensure the highest product quality and manufacturing efficiency. MicroDried's production processes are fully computer automated with touchscreen technology from receiving to packaging to shipping, and has the capacity to meet the needs of food manufacturers worldwide. Besides increasing capacity to meet customers' ingredient needs, MicroDried continues to recruit and retain top professional and technical talent who are dedicated to responsive customer service and finding innovative solutions for new product applications.

MicroDried maintains top-tier food safety and quality certifications, including consecutive BRC AA ratings, USDA Organic certification through WSDA and OU Kosher status. Plant certifications done annually include British Retail Consortium (BRC), Washington State Dept. of Agriculture's (WSDA) Organic Program and Orthodox Union (OU) Kosher. MicroDried strives to maintain the highest standards of product quality and food safety in the industry and is dedicated to both transparency and food safety in their operations with full traceability on all products. All products feature single-ingredient, clean-label declarations and are naturally non-GMO (genetically modified organism), gluten-free, allergen-free and are made in the United States.

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 and product quality.

With more than 50 royalty-generating partners spanning 24 countries and five continents, EnWave's licenced 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 and faster 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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