Le Lézard
Classified in: Business
Subjects: BUSINESS CONTRACTS, LICENSING AGREEMENTS

EnWave Signs Technology Evaluation and License Option Agreement with North American Multi-State Cannabis Company


VANCOUVER, British Columbia, Feb. 02, 2024 (GLOBE NEWSWIRE) --

EnWave Corporation (TSX-V:ENW | FSE:E4U) ("EnWave", or the "Company") announced today that it has signed a Technology Evaluation and License Option Agreement (the "Agreement") with a North American multi-state cannabis company (the "Cannabis Cultivator"), to lease a 10kW Radiant Energy Vacuum ("REVtm") dehydration machine to evaluate the value proposition of REVtm technology over incumbent drying methods. The Cannabis Cultivator's evaluation is expected to complete before the end of June 2024. If the evaluation is deemed successful, EnWave expects to grant a commercial license and sell REVtm equipment to the Cannabis Cultivator.

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 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]

Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third-party claims referred to in this release are not guaranteed to be accurate. All third-party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



These press releases may also interest you

at 08:43
Precipice Holdings Limited ("Precipice") announces that it, together with its joint actors, has acquired 420,000 common shares ("Common Shares") of NL2 Capital Inc. ("NL2"), with its head office at 1300-1969 Upper Water Street, McInnes Cooper Tower...

at 08:43
True North Commercial Real Estate Investment Trust (the "REIT") announced today that all of the trustee nominees listed in the management information circular dated May 10, 2024, were elected as trustees of the REIT. The vote was conducted at the...

at 08:43
In conjunction with TradePMR's Synergy 2024 conference in Las Vegas, Smartria and TradePMR announced that the companies have partnered to integrate their platforms and deliver TradePMR custodial data into Smartria's compliance software. TradePMR,...

at 08:42
ExpandAP today announced the launch of a first-of-its-kind artificial intelligence-powered expense, accounts payable (AP) and corporate credit card automation application built natively on the Salesforce platform. ExpandAP provides 99.9% AP accuracy...

at 08:41
Nicman Group, a leading T2 Service Provider and HPE Silver/Gold Partner, is excited to announce a new partnership with Hewlett Packard Enterprise (HPE). This collaboration is set to transform the managed hosting services landscape by leveraging HPE's...

at 08:40
Home sellers in 2024 spend an average of $54,616 to sell their homes, with 42% reporting that the costs exceeded their expectations, according to a new survey from Clever Real Estate, a St. Louis-based real estate company. The cost breakdown...



News published on and distributed by: