Mr. Brent Charleton reports

ENWAVE AND PIP INTERNATIONAL INC. SIGN COMMERCIAL LICENSE AGREEMENT TO PRODUCE BEST-IN-CLASS PEA PROTEIN ISOLATE PRODUCTS

EnWave Corp. has signed a licence with PIP International Inc. to allow for the commercialization of high-value plant-based ingredients using EnWave's radiant energy vacuum (REV) dehydration technology. PIP has purchased a 10-kilowatt REV machine for continued product development.

PIP's pea protein isolate products will be used as a food ingredient with a neutral taste that could be used in dairy alternatives and to increase the protein content in smoothies and shakes. Pea proteins are often useful ingredients to provide structure to gluten-free foods or improve texture as well. Demand for high-quality pea protein isolate and its derivative products has increased dramatically in recent years with the popularization of plant-based diets and increasing consumer awareness regarding nutritional benefits offered by pea and pea proteins.

PIP plans to build out a facility with a maximum processing capacity of over 126,000 metric tonnes of yellow peas, which would make PIP the largest plant of its kind in the world. In addition to the licence, PIP has also secured an exclusive master licence agreement for a leading-edge protein extraction technology. PIP's protein isolate solves the taste, texture and property functionality issues currently limiting market competitors to gain further consumer acceptance.

About EnWave Corp.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Vancouver, 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, product quality and cost.

With more than 50 royalty-generating partners spanning 20 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 and cannabis producers that want to dry better, faster and more economical than freeze drying, rack drying and air drying and enjoy the following benefits:

• Food and ingredients companies can produce exciting new products, reach optimal moisture levels up to seven times faster, and improve product taste, texture, colour and nutritional value.
• Cannabis producers can dry four to six times faster, retain up to 20 per cent more terpenes and 25 per cent more cannabinoids, and achieve at least a three-log reduction in crop-destroying microbes.

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