20:52:37 EST Mon 02 Feb 2026
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EnWave Corp
Symbol ENW
Shares Issued 118,716,721
Close 2026-02-02 C$ 0.33
Market Cap C$ 39,176,518
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EnWave enters royalty licence with Bowen Gumlu

2026-02-02 18:26 ET - News Release

Mr. Brent Charleton reports

ENWAVE SIGNS ROYALTY-BEARING LICENSE WITH BOWEN GUMLU GROWER'S ASSOCIATION OF AUSTRALI

EnWave Corp. has signed a royalty-bearing commercial licence with Bowen Gumlu Grower's Association, a fruit and vegetable industry body that represents the interests of horticultural growers, producers and associated agribusiness in north Queensland, Australia. BGGA intends to leverage the technological benefits of EnWave's radiant energy vacuum dehydration technology to develop and produce commercially attractive tropical fruit snacks and ingredients.

In addition to signing the licence, BGGA has acquired a 10-kilowatt REV machine from EnWave's Australian third party machine reseller, Scitek, to begin commercial product development and early-stage manufacturing of REV-dried products. This REV equipment is expected to be commissioned before April, 2026. EnWave's technical and food science teams will work closely with BGGA to ensure premium product quality and process optimization in preparation for the launch of commercial products by its membership base.

Given the breadth of BGGA's member base and the product volumes produced each year, there is high potential for additional REV equipment sales to BGGA as it advances commercialization.

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.

With more than 51 partners spanning 24 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 following 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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