Mr. Brent Charleton reports

ENWAVE SIGNS COMMERCIAL LICENSE AGREEMENT WITH MICHAEL FOODS

EnWave Corp. has signed a commercial royalty-bearing licence with Michael Foods, a subsidiary of Post Holdings and a leading American multibillion-dollar supplier of food service, food ingredient and retail offerings. Michael Foods has also purchased a 10 kW (kilowatt) radiant energy vacuum (REV) machine from EnWave after conducting product development research and development over the past several months.

The licence grants Michael Foods the right to produce certain products using REV technology in the United States, and provides for a continuing royalty stream tied to the commercial sales of any REV-dried products produced and sold by Michael Foods during the term.

The licence is the 53rd active royalty-bearing agreement issued by EnWave.

About EnWave Corp.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, 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 26 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 producers which want to dry better, faster and more economically than freeze drying, rack drying and air drying, and enjoy the benefits of producing exciting new products, reaching optimal moisture levels up to seven times faster, and improve product taste, texture, colour and nutritional value.

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