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EnWave Signs Technology Evaluation and License Option Agreement with Nordic Food Processing Company

ID: 1535703
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(PresseBox) - EnWave Corporation (TSX-V:ENW | FSE:E4U) (?EnWave?, or the "Company" - https://www.youtube.com/watch?v=AyKTfx_H0Tk&list=PLBpDlKjdv3ypkh7KAuWE9LklnI4bfY-_H&index=1&t=62s?) dehydration technology.

The Partner and EnWave signed the TELOA after several successful product development sessions conducted at the Company?s pilot plant facility in Vancouver, Canada. The Partner will now focus on the refinement of selected product applications and evaluate their commercial viability in both the Nordic market and abroad. The TELOA grants the Partner a six-month exclusive term to evaluate REV? technology and potentially license its use in the Nordic country. All other terms of the TELOA are confidential.

About EnWave

EnWave Corporation, a Vancouver-based advanced technology company, has developed Radiant Energy Vacuum (?REV??) ? an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV? technology, shortening the time from harvest to marketable cannabis products.

REV? technology?s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors including legal cannabis. EnWave?s strategy is to sign royalty-bearing commercial licenses with industry leaders in multiple verticals for the use of REV? technology. The company has signed over twenty royalty-bearing licenses to date, opening up nine distinct market sectors for commercialization of new and innovative products. In addition to these licenses, EnWave has formed a Limited Liability Company, NutraDried Food Company LLC, to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese


EnWave has introduced REV? as the new dehydration standard in the food and biological material sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently has three commercial REV? platforms:

nutraREV

powderREV

quantaREV

An additional platform, freezeREV


Dr. Tim Durance

President & CEO

For further information:

John P.A. Budreski, Executive Chairman at +1 (416) 930-0914

E-mail: jbudreski(at)enwave.net

Brent Charleton, CFA, Senior Vice President, Sales and Business Development at +1 (778) 378-9616

E-mail: bcharleton(at)enwave.net

Deborah Honig, Corporate Development, Adelaide Capital Markets at +1 (647) 203-8793

E-mail: dhonig(at)enwave.net

Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management''s expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company''s strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third party claims referred to in this release are not guaranteed to be accurate. All third party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this



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published by: PresseBox
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Date: 05/07/2018 - 16:34
Language: English
News-ID 1535703
Character count: 2317
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Firma: Swiss Resource Capital AG
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Stadt: Vancouver, B.C.
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