Mr. Brent Charleton reports

ENWAVE AND BRIDGFORD FOODS SIGN COMMERCIAL LICENSE AGREEMENT TO PRODUCE MILITARY RATION COMPONENTS

EnWave Corp. has signed a royalty-bearing commercial licence with Bridgford Foods Corp., a leading American food production company, for the manufacture of certain military ration products using EnWave's innovative radiant energy vacuum (REV) dehydration technology. The exclusive licence granted to Bridgford will enable the company to leverage the full potential of REV technology to produce certain military ration products in the United States. Bridgford has also purchased a 120 kW (kilowatt) REV machine.

EnWave's partnership with Bridgford is supported by a manufacturing technology grant, which will guarantee the U.S. Department of Defense certain REV manufacturing capacity at Bridgford's facility to supply close-combat field rations.

In addition to military ration products, Bridgford will also leverage REV technology to develop additional consumer-branded products at its North Carolina facility. The 120 kW REV dehydration machine sold to Bridgford is expected to be commissioned within 2023. EnWave plans to continue close collaboration with Bridgford to expedite the development of new commercial products, which will be added to Bridgford's licence in due course. With Bridgford's established presence in California, Texas, Illinois and North Carolina, EnWave is confident that this partnership should lead to significant growth opportunities for both companies.

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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