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EnWave Corp
Symbol C : ENW
Shares Issued 100,843,809
Close 2018-06-22 C$ 1.25
Recent Sedar Documents

EnWave to license REV to Australian dairy company

2018-06-25 10:48 ET - News Release

Dr. Tim Durance reports

ENWAVE SIGNS TECHNOLOGY EVALUATION AND LICENCE OPTION AGREEMENT WITH MAJOR AUSTRALIAN DAIRY COMPANY

EnWave Corp. has signed a technology evaluation and licence option agreement (TELOA) with a major Australian dairy company to evaluate the use of the company's radiant energy vacuum (REV) technology for the development of several dehydrated, premium dairy ingredients.

The partner will rent a small-scale REV machine for use in Australia for a maximum of six months. During this term, EnWave's experienced food science team will collaborate closely with the partner's innovation group to expedite progress.

EnWave has signed a total of four TELOAs with Australian companies and has granted two separate commercial licences to Australian royalty partners. Ashgrove Cheese Pty. Ltd. has launched a premium, shelf-stable cheese snack line called Amazeballs through IGA, Coles and Woolworths locations in Australia. Howe Foods Pty. Ltd. is currently developing several banana-based products for commercial evaluation. Each of Ashgrove and Howe owns small-scale commercial REV machines.

About EnWave Corp.

EnWave, a Vancouver-based advanced technology company, has developed radiant energy vacuum (REV), an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV technology, shortening the time from harvest to marketable cannabis products.

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