EnWave Signs Royalty-Bearing Commercial License with Shinyway International Limited of New Zealand

Core Insights - EnWave Corporation has signed a royalty-bearing commercial license agreement with Shinyway International Limited for the use of its Radiant Energy Vacuum (REV™) technology in cannabis product production in New Zealand [1][2]. Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on providing efficient drying solutions for the food, pharmaceutical, and cannabis industries [4]. - The company has over fifty partners across twenty-four countries, enabling them to create innovative snacks and ingredients while improving product quality and market efficiency [5]. Shinyway International Limited - Shinyway specializes in drying and trimming services for cannabis growers in New Zealand and plans to install a 10kW REV™ machine to enhance its competitive edge [3]. - The company aims to build collaborative relationships with local growers and is committed to supporting the growth of New Zealand's cannabis industry through responsible practices and innovation [3]. Technology and Benefits - EnWave's REV™ technology allows for faster and more economical drying compared to traditional methods, improving product taste, texture, color, and nutritional value [6]. - The technology enables producers to reach optimal moisture levels up to seven times faster than conventional drying methods [6].