Mr. Brent Charleton reports

ENWAVE SIGNS ROYALTY-BEARING COMMERCIAL LICENSE WITH ESTABLISHED SOUTH AMERICAN FOOD MANUFACTURER

EnWave Corp. has signed a new royalty-bearing commercial licence with an established South American food manufacturer that currently sells health supplements, snacks, cereals and baked goods, among other products.

The royalty partner also signed an equipment lease agreement to lease two 10-kilowatt radiant energy vacuum (REV) dehydration machines, enabling immediate commercial production for the products developed in collaboration with EnWave. The royalty partner will have the option to buy both 10-kilowatt REV units within six months at a preagreed price. Concurrent with signing the lease agreement and as a condition to keep the commercial licence, the royalty partner is finalizing financing to procure a 120-kilowatt REV machine, which must be completed within six months.

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.

We seek Safe Harbor.