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EnWave Corp
Symbol ENW
Shares Issued 118,716,721
Close 2026-10-08 C$ 0.18
Market Cap C$ 21,369,010
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EnWave licenses REV tech to Ashland, sells two units

2026-10-09 12:23 ET - News Release

Mr. Brent Charleton reports

ENWAVE SIGNS ROYALTY-BEARING COMMERCIAL LICENSE WITH ASHLAND DEHYDRATED FOODS AND SELLS TWO 10KW REV™ MACHINES

EnWave Corp. has signed a royalty-bearing, commercial licence agreement with Ashland Dehydrated Foods LLC, an Oregon-based food contract manufacturer serving companies in the human food, snack and pet food markets. Ashland has purchased two 10-kilowatt radiant energy vacuum (REV) machines from EnWave, which it plans to use to expand its dehydration capabilities and support commercial product development opportunities already under way with potential toll manufacturing customers. The addition of EnWave's REV technology is expected to provide Ashland with scalable dehydration capacity as it develops relationships with food brands seeking specialized manufacturing capabilities.

Under the terms of the licence, Ashland will use REV technology for the dehydration of dried fruit and vegetable snacks, meat snacks, ready-to-eat meals, and pet food products in Oregon state. Ashland will pay a royalty to EnWave tied to revenue generated, commensurate with certain other existing licences granted.

EnWave intends to continue working closely with Ashland to support the successful integration of REV technology into its manufacturing operations and the development of new commercial products.

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 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 improve product taste, texture, colour and nutritional value.

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