VANCOUVER, British Columbia, Dec. 16, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that it has granted employees and officers of the Company an aggregate of 1,410,000 incentive stock options (the “Options”) under its amended and restated share option plan (the “Plan”). All employees received part of the Options. The Options are exercisable at a price of $0.36 per share for a term of five years, and will vest in one-third increments over eigh ...

Core Viewpoint - EnWave Corporation will report its financial results for Q4 2025 and the fiscal year ending September 30, 2025, on December 15, 2025, before market opening [1] Group 1: Financial Results Announcement - The financial statements and Management Discussion and Analysis (MD&A) will be available on SEDAR and the company's website [1] - A conference call is scheduled for December 15, 2025, at 7:00 a.m. Pacific Time to discuss the results and business outlook [2][3] Group 2: Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a proven drying solution for food, pharmaceutical, and cannabis industries [4] - The company has over fifty partners across twenty-four countries, utilizing its technology to create innovative snacks and improve existing products [5] Group 3: Business Strategy - EnWave's strategy focuses on signing royalty-bearing commercial licenses with food producers to enhance drying efficiency compared to traditional methods [6]

Core Viewpoint - EnWave Corporation will report its financial results for Q4 2025 and the year ended September 30, 2025, on December 15, 2025, before market opens [1] Financial Results Announcement - The financial statements and Management Discussion and Analysis (MD&A) will be available on SEDAR and the company's website [1] - A conference call is scheduled for December 15, 2025, at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time) to discuss the results and business outlook [2][3] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and patented Radiant Energy Vacuum (REV™) technology [4] - The company provides a scalable drying solution that outperforms traditional methods in efficiency, capacity, product quality, and cost [4] Partnerships and Market Reach - EnWave has over fifty partners across twenty-four countries and five continents, enabling the creation of innovative snacks and ingredients [5] - The company's technology helps partners improve product quality, consistency, and market speed [5] Strategic Focus - EnWave aims to sign royalty-bearing commercial licenses with food producers to enhance drying processes compared to freeze drying, rack drying, and air drying [6] - Benefits include faster moisture level achievement, improved product taste, texture, color, and nutritional value [6]

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].

Core Insights - EnWave Corporation has signed a royalty-bearing commercial license agreement with Solve Solutions, a Brazilian food company specializing in premium dried fruits, vegetables, and snacks [1][2] - Solve Solutions will utilize EnWave's patented Radiant Energy Vacuum (REV™) technology for drying select products in Brazil and is required to purchase a large-scale REV™ machine within six months [2] - The partnership aims to enhance product development and supply high-quality dried ingredients that conventional methods cannot achieve [4][5] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on efficiency, product quality, and cost-effectiveness [6][8] - The company has over fifty partners across twenty-four countries, enabling them to create innovative snacks and ingredients [7] - EnWave's strategy includes signing commercial licenses with food producers to improve drying processes and product quality [8] Solve Solutions Overview - Solve Solutions, operating under Troyes Participações SA, focuses on manufacturing premium dehydrated fruits, vegetables, and cheeses for both ingredient markets and consumer products [3] - The company collaborates with food manufacturers and CPG brands to fill supply gaps for high-quality dried ingredients [4] - Solve Solutions emphasizes innovation and product development, positioning itself as a trusted partner in the food market [5]

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]

Core Viewpoint - EnWave Corporation has announced a private placement agreement to sell up to 7,500,000 common shares at C$0.40 per share, aiming for gross proceeds of up to C$3,000,000, with a minimum of C$2,000,000 required to proceed with the offering [1][4] Group 1: Offering Details - The offering will be conducted under the Listed Issuer Financing Exemption, allowing shares to be sold without a hold period under Canadian securities laws [2] - The expected closing date for the offering is around August 21, 2025, pending necessary approvals [4] - Clarus Securities Inc. will receive a cash commission of 5.5% of the gross proceeds and non-transferable compensation options equal to 5.5% of the shares sold [5] Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to the construction of two large-scale Radiant Energy Vacuum (REV™) dehydration machines, which will take approximately six months to manufacture [3] Group 3: 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 [7] - The company has over fifty partners across twenty-four countries, utilizing its technology to create innovative products and improve existing offerings [8] - EnWave's strategy includes signing royalty-bearing commercial licenses with food producers to enhance drying efficiency compared to traditional methods [9]

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]