VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a royalty-bearing, commercial license agreement (the “Commercial License”) with Solve Solutions Ltda (“Solve Solutions”), a Brazilian food company. Solve Solutions specializes in the production and sales of premium dried fruits, vegetables, and snack products for private label brands and consumer packaged food manufacturers in Brazil, as we ...

Core Viewpoint - EnWave Corporation successfully closed a private placement offering, raising C$3,000,000 through the issuance of 7,500,000 common shares at C$0.40 per share [1][2]. Group 1: Offering Details - The offering included a brokered component of 6,125,000 shares and a non-brokered component of 1,375,000 shares [2]. - Clarus Securities Inc. acted as the lead agent and sole bookrunner for the brokered component of the offering [2]. - The offering was conducted under the Listed Issuer Financing Exemption, allowing for the issuance of shares without a hold period, except for a four-month hold on shares received by directors and officers [3]. Group 2: Financial Aspects - Clarus received a cash commission of C$134,750 and 336,875 non-transferrable compensation options, each allowing the acquisition of one share at the issue price for 24 months [4]. - The net proceeds from the offering will be used to build two large-scale Radiant Energy Vacuum (REV™) dehydration machines, with a manufacturing timeline of approximately six months [5]. Group 3: Related Party Transactions - The offering involved a related party transaction, with certain directors and senior officers subscribing for a total of 212,500 shares [6]. - The company relied on exemptions from formal valuation and minority shareholder approval requirements due to the transaction's value being below 25% of the company's market capitalization [6]. Group 4: Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on food, pharmaceutical, and cannabis industries [8]. - The company has over fifty partners across twenty-four countries, utilizing its technology to create innovative products and improve existing offerings [9]. - EnWave's strategy includes signing royalty-bearing commercial licenses with food producers to enhance drying efficiency and product quality [10].

Core Insights - EnWave Corporation will report its financial results for Q3 2025 on August 21, 2025, after market close [1] - A conference call to discuss the results and business outlook is scheduled for August 22, 2025, at 7:00 a.m. Pacific Time [2][3] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a patented Radiant Energy Vacuum (REV™) technology [4] - The company serves various industries, including food, pharmaceuticals, and cannabis, offering a drying solution that outperforms traditional methods in efficiency, capacity, product quality, and cost [4] Business Strategy - EnWave aims to sign royalty-bearing commercial licenses with food producers to enhance their drying processes, achieving optimal moisture levels up to seven times faster than conventional methods [6] - The company has over fifty partners across twenty-four countries, enabling them to create innovative snacks and ingredients while improving existing product quality and market speed [5]

Core Insights - EnWave Corporation will report its financial results for Q3 2025 on August 21, 2025, after market close [1] - A conference call to discuss the results and business outlook is scheduled for August 22, 2025, at 7:00 a.m. Pacific Time [2][3] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a patented Radiant Energy Vacuum (REV™) technology [4] - The company serves various industries, including food, pharmaceuticals, and cannabis, offering a drying solution that outperforms traditional methods in efficiency, capacity, product quality, and cost [4] Business Strategy - EnWave aims to sign royalty-bearing commercial licenses with food producers to enhance drying processes, enabling faster production and improved product quality [6] - The company has over fifty partners across twenty-four countries, helping them create innovative snacks and ingredients while improving existing product offerings [5]

Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX- V:ENW | FSE:E4U) ("EnWave", or the "Company") is pleased to announce that it has entered into an agreement with Clarus Securities Inc. ("Clarus"), as lead agent and sole bookrunner, pursuant to which Clarus has agreed to sell, on a "best efforts" private placement basis, up to 7,500,000 common shares of the Company (the "Sha ...

Company Overview - EnWave Corporation has sold two additional 10kW Radiant Energy Vacuum (REV™) dehydration machines to Dairy Concepts Irl (DCI), marking the fifth and sixth units acquired by DCI [1] - DCI holds an exclusive license to utilize EnWave's proprietary drying technology for producing specific dairy snacks in the UK [1] Product Innovation - DCI specializes in creating high-protein, high-calcium crunchy snacks from Irish cheese, including their CheeseOs™ and Moorepark™ ranges, which feature various flavors and premium cheese options [2][3] - The CheeseOs™ range is made from mild cheddar and includes flavors like salt and vinegar, while the Moorepark™ range uses specialty cheeses such as chilli cheddar and black pepper cheddar [2] Market Performance - DCI has successfully established a market for its innovative snacks, with notable success in Marks and Spencer, leading to further distribution opportunities [3][4] - The company has positioned itself as a leading innovator in the global dairy snacks market by leveraging Ireland's quality dairy ingredients and scientific talent [4] EnWave's Technology and Strategy - EnWave is recognized as a global leader in vacuum microwave dehydration, with a robust intellectual property portfolio and a focus on efficient, scalable drying solutions for various industries [5][6] - The company aims to sign royalty-bearing commercial licenses with food producers, offering benefits such as faster drying times and improved product quality compared to traditional methods [7]

Core Insights - EnWave Corporation has signed an amendment to its royalty-bearing license agreement with Procescir S.A. de C.V., expanding the range of fruit and vegetable products covered under the license [1] - The amendment allows Procescir to capitalize on current commercial opportunities and explore new projects, with the delivery of a 120kW Radiant Energy Vacuum (REV™) machine scheduled for July 2025 [1] - Procescir will commence commercial production of fruit snack products for a prominent American snack brand immediately after the machine's delivery [1] Group 1: Company Developments - The Equipment Purchase Agreement (EPA) signed by Procescir involves the acquisition of auxiliary support equipment for the 120kW REV™ machine, with a transaction amount of approximately CA$170k [2] - Procescir has been operating in Northwest Mexico since 1960 and began commercializing frozen vegetables in 2022 at its processing plant in Hermosillo, Sonora [3] - EnWave is recognized as a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on providing efficient drying solutions across various industries [4][6] Group 2: Market Position and Strategy - EnWave's strategy includes signing royalty-bearing commercial licenses with food producers to enhance drying efficiency compared to traditional methods, enabling faster production and improved product quality [6] - The company has established partnerships with over fifty partners across twenty-four countries, facilitating the creation of innovative snacks and ingredients [5] - EnWave's technology allows producers to achieve optimal moisture levels up to seven times faster, enhancing taste, texture, color, and nutritional value of the products [6]

Core Insights - EnWave Corporation has amended its royalty-bearing license agreement with Creations Foods, allowing the latter to produce dried cheese snacks for pet treat applications in the U.S. on a non-exclusive basis [1] - Creations Foods sees significant growth potential in the pet food industry, with several confirmed customers for pet treats [2] - EnWave is actively seeking new licensed partners in the pet treat and food sector to utilize its REV™ technology for innovative applications [3] Company Overview - Creations Foods is focused on creating unique snack food experiences that are both enjoyable and nutritious, operating a gluten-free facility in Ferndale, Washington [4][5] - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a proven drying solution that outperforms traditional methods [6][8] - EnWave has over fifty royalty-generating partners across twenty-four countries, enabling them to create innovative snacks and improve product quality [7]

Core Viewpoint - EnWave Corporation will report its financial results for Q2 2025 on May 21, 2025, and will hold a conference call to discuss these results on May 22, 2025 [1][2]. Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a patented Radiant Energy Vacuum (REV™) technology that offers superior efficiency, capacity, product quality, and cost-effectiveness compared to traditional drying methods [4]. - The company has over fifty partners across twenty-four countries and five continents, enabling the creation of innovative snacks and ingredients while improving existing product quality and market speed [5]. Business Strategy - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance drying processes, allowing for faster moisture level optimization and improved product attributes such as taste, texture, color, and nutritional value [6].

Core Insights - EnWave Corporation has signed a master service agreement with BioTechnique to evaluate EnWave's Radiant Energy Vacuum (REV™) dehydration technology as a potential replacement for lyophilization in the biopharmaceutical industry [1][2] Company Overview - EnWave is a global leader in vacuum microwave dehydration technology, with a robust intellectual property portfolio and a proven, scalable drying solution for food, pharmaceutical, and cannabis industries [5] - The company has over fifty partners across twenty-four countries, utilizing its patented technology to create innovative snacks and ingredients while improving product quality and market efficiency [6] Collaboration Details - The initial collaboration will involve paid testing of several liquid products using pilot-scale REV™ machinery at EnWave's Innovation Center in Delta, British Columbia [2] - If the testing is successful, BioTechnique may acquire its own REV™ equipment to provide services directly to its pharmaceutical clients [2] BioTechnique Overview - BioTechnique is an American pharmaceutical contract manufacturing service provider specializing in therapeutic and highly potent sterile injectable products, both liquid and lyophilized [3] - The company offers a range of services including formulation, compounding, QC testing, temperature-controlled storage, fill-finish, and lyophilization for various injectable products [4]