Mr. Brent Charleton reports

ENWAVE SIGNS COMMERCIAL LEASE AGREEMENT WITH MAJOR PET TREAT COMPANY TO ACCELERATE NEW PRODUCT DEVELOPMENT

EnWave Corp. has signed a commercial lease agreement with a major pet treat company in the United States. The partner previously signed a commercial royalty-bearing licence with EnWave and, pursuant to the agreement, EnWave will lease a new 10-kilowatt radiant energy vacuum (REV) dehydration machine for the partner to use for the development and test marketing of new, innovative pet treat products.

Prior to signing the agreement, the partner and EnWave conducted preliminary product development at the company's innovation centre located in Delta, B.C. The product concepts were received favourably by the partner, compelling both parties to continue exploration of material commercial product opportunities using REV technology in the pet treat space.

EnWave intends to grant certain product exclusivities to the partner if the next phase of product development and market testing is successful and pursuant to partner's acquisition of large-scale REV dehydration machinery.

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 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.

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