EnWave Signs Research and Development License Agreement with Major Australian University

DELTA, British Columbia, Oct. 25, 2023 (GLOBE NEWSWIRE) --

EnWave Corporation (TSX-V:ENW | FSE:E4U) ("EnWave", or the "Company") announced today that it has signed a Research and Development License Agreement (the "Agreement") with a major university in Australia (the "University"). The University has also committed to purchasing a 10kW Radiant Energy Vacuum ("REVtm") dehydration machine to be used at its Brisbane campus.

Under the Agreement, the University will use the REVtm machinery for research and development purposes to propagate REVtm technology with key stakeholders in the food processing industry throughout Australia to help develop innovative, premium food applications. The installation of a 10kW REVtm machine at the University's Brisbane campus will increase accessibility to EnWave's technology in Australia by establishing a second domestic location for product trials and demonstrations.

EnWave's Australian technology distribution partner, Scitek, currently operates a 10kW REVtm machine in Sydney at their innovation center. To date, EnWave has granted six separate commercial licenses to both food and cannabis manufacturers in Australia for the use of REVtm technology.

About EnWave
EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, BC, EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REVtm) 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 fifty royalty-generating partners spanning twenty-six 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 licenses 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, color and nutritional value.

Learn more at EnWave.net.

EnWave Corporation

Mr. Brent Charleton, CFA
President and CEO

For further information:

Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
E-mail: [email protected]       

Dylan Murray, CFO at +1 (778) 870-0729
E-mail: [email protected]

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