EnWave Corp (NWVCF)

[Dromers]

EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave” or, the "Company"), announced today that it has signed an Equipment Purchase Agreement with Calbee, Inc. (“Calbee”), a leading global snack manufacturing company, to commission an additional two 10kW Radiant Energy Vacuum (“REV™”) dehydration machines in Japan. The addition of the two 10kW REV™ machines will significantly expand Calbee’s commercial manufacturing capacity to launch its new line of REV™-based snack products.

Calbee has successfully developed several “better-for-you” snack products internally using REV™ technology and intends to intensify its commercial efforts throughout 2020, focusing on premium, healthy fruit and vegetable snack products.

Calbee entered into a royalty-bearing commercial license agreement with EnWave approximately one year ago, and the purchase of the two additional REV™ machines demonstrates the commercial value of using EnWave’s proprietary technology for producing premium snack products.

Calbee continues to have the exclusive rights to commercialize EnWave’s REV™ food dehydration technology for the development of several premium, healthy fruit and vegetable snack products and ingredients in the country of Japan. The installation of the two additional 10kW machines will triple the royalty-bearing production capacity of Calbee in Japan.

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