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EnWave Corp
Symbol ENW
Shares Issued 118,716,721
Close 2026-04-07 C$ 0.27
Market Cap C$ 32,053,515
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EnWave signs R&D licence agreement with Rhizome

2026-04-07 19:27 ET - News Release

Mr. Brent Charleton reports

ENWAVE SIGNS RESEARCH AND DEVELOPMENT LICENSE AGREEMENT WITH RHIZOME FOOD AND FARMING LLC, A FOOD INNOVATION COMPANY LED BY MICHELIN-STARRED CHEF DAN BARBER

EnWave Corp. has signed a research and development licence agreement (RDLA) with Rhizome Food and Farming LLC, a North American food company led by renowned chef Dan Barber, a recipient of multiple Michelin Stars. Previously, Row 7, through its connection to Mr. Barber, entered into a rental arrangement for a small-scale 3.6-kilowatt Radiant Energy Vacuum (REV) dehydration machine to support the development of innovative, chef-driven food products. Row 7 is not affiliated with Rhizome.

Pursuant to the RDLA requirements, Rhizome has purchased the 3.6-kilowatt REV machine for continued commercial product development. The RDLA grants broad rights to use EnWave's REV technology for research and development activities, including collaboration with third party food and agriculture companies regarding product and process development, as well as the production of limited volumes of commercial product for market trials.

By entering into the RDLA, Rhizome joins EnWave's existing network of research and development partners, which includes institutions such as Cornell University, the Danish Technological Institute, QUT of Australia and CNTA in Spain. Each of these partners have acquired REV equipment to support collaboration with EnWave, leveraging the company's expertise and best practices to solve specific product-application challenges and accelerate innovation using vacuum-microwave dehydration technology. If Rhizome elects to scale successful concepts through its own dedicated manufacturing infrastructure, EnWave and Rhizome would expect to negotiate a full commercial licence that reflects appropriate royalty-bearing terms.

Rhizome intends to use REV technology as a core tool within its culinary and agricultural research ecosystem to explore "moonshot" ideas in shelf stability, nutrient density and flavour, while derisking future commercialization opportunities. This work will leverage their extensive network of chefs, scientists and industry collaborators.

About Rhizome Food and Farming LLC

In 2025, Stone Barns and Blue Hill launched Rhizome, a research and incubation company that conducts applied food systems research to improve human and environmental health while giving equal weight to flavor. Rhizome combines Stone Barns' expertise in regenerative agriculture and Blue Hill's culinary innovation with the scientific capabilities of an external network of collaborators and researchers.

Rhizome's R&D (research and development) follows an iterative cycle of field evaluation, culinary testing and nutritional analysis. This work generates two types of outputs: open-source research shared through media and academic publications, implementation support for industry, and commercial offerings such as products, licensed intellectual property and consulting services.

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 who want to dry better, faster and more economical 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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