EnWave Announces Grant of Stock Options and RSRs

Company Overview - EnWave Corporation is a global leader in vacuum microwave dehydration technology, headquartered in Delta, BC [3] - The company has developed a strong intellectual property portfolio and its Radiant Energy Vacuum (REV™) technology offers a scalable drying solution for the food, pharmaceutical, and cannabis industries, outperforming traditional methods in efficiency, capacity, product quality, and cost [3] Recent Developments - EnWave has granted a total of 1,410,000 incentive stock options to employees and officers, exercisable at $0.36 per share for five years, vesting in one-third increments over eighteen months [1] - Additionally, 135,000 restricted share rights were awarded to independent directors, which will vest three years from the date of the award as part of the annual compensation program [2] Strategic Partnerships - The company has over fifty partners across twenty-four countries and five continents, enabling them to create innovative snacks and ingredients while improving the quality and consistency of their products [4] - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance drying processes, allowing for faster production and improved product attributes such as taste, texture, color, and nutritional value [5]