22:44:32 EDT Fri 22 May 2026
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EnWave Corp
Symbol ENW
Shares Issued 118,716,721
Close 2026-05-22 C$ 0.225
Market Cap C$ 26,711,262
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EnWave signs tech evaluation deal with food company

2026-05-22 15:45 ET - News Release

Mr. Brent Charleton reports

ENWAVE SIGNS TECHNOLOGY EVALUATION AND LICENSE OPTION AGREEMENT WITH LEADING GLOBAL PACKAGED FOOD COMPANY

EnWave Corp. has entered into a technology evaluation and licence option agreement with one of the world's largest multinational food companies.

Under the terms of the agreement, the partner will conduct a commercial-scale evaluation of EnWave's proprietary radiant energy vacuum (REV) dehydration technology for potential application across multiple food categories within the partner's extensive global product portfolio. Subject to successful completion of the evaluation program, the agreement provides the partner with the option to negotiate one or more commercial royalty-bearing licences for the use of REV technology.

The partner is a global leader in branded consumer foods with annual revenues exceeding $20-billion (U.S.) and operations spanning retail grocery, snack foods, breakfast cereals, frozen foods, convenience meals and ingredient solutions. The partner distributes products in more than 100 countries and maintains a portfolio of internationally recognized household brands.

This agreement represents another meaningful validation of REV technology by a highly sophisticated multinational food manufacturer. Global consumer packaged food companies continue to seek differentiated manufacturing technologies that can improve product quality, optimize operational efficiency and support innovation across large-scale product platforms.

The evaluation program will focus on assessing REV's ability to preserve flavour, texture, colour and nutritional characteristics while reducing drying times compared with conventional dehydration methods. The partner is also expected to evaluate REV's potential to support premium product innovation and manufacturing efficiencies across select high-volume product categories.

EnWave believes the agreement further demonstrates growing interest in REV technology from multinational food manufacturers seeking advanced processing solutions capable of supporting evolving consumer preferences for premium, minimally processed and high-quality shelf-stable products.

The company expects the evaluation work to commence over the coming months at the partner's facilities and at EnWave's innovation centre in Vancouver, Canada.

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 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 that 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 improving product taste, texture, colour and nutritional value.

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