EnWave Corp (NWVCF)

[Dromers]

VANCOUVER, British Columbia, April 20, 2021 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”) announced today that it has completed the sale of a 10kW Radiant Energy Vacuum (“REV™”) machine to NuWave Foods, Inc. (“NuWave”), a Canadian company focused on launching new and innovative shelf-stable bakery products. NuWave entered into a royalty-bearing license agreement with EnWave to use REV™ technology for a lineup of shelf-stable bakery products in November 2020 (the “License”). NuWave must purchase a 60kW or greater rated power REV™ machine to retain the exclusivity for its lineup of shelf-stable bakery products granted under the License.