EnWave Signs Technology Evaluation and License Option Agreement with Pick-One to Develop REV™ Snacks in Mexico

ID: 1554048
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(businesspress24) - Vancouver, B.C., November 19, 2019, EnWave Corporation (TSX-V:ENW | FSE:E4U) (EnWave, or the Company - https://www.commodity-tv.com/play/enwave-moon-cheese-highly-profitable-selling-more-rev-machines-in-2019/ ) announced today that it has signed a Technology Evaluation and License Option Agreement (the TELOA) with Pick-One S.A. de CV (Pick-One) to evaluate the use of the Companys Radiant Energy Vacuum (REV) dehydration technology for the development of dehydrated fruit and vegetable snacks. During the term of the TELOA, Pick-One will pay a monthly evaluation fee and have the non-exclusive option to license REV technology in Mexico for a range of snack products.

The expansion of EnWaves technology into Mexico further proves the global value proposition for food processors seeking to launch new and innovative premium snack food products. EnWave holds a robust intellectual property portfolio spanning numerous international markets and has licensed REV technology to food companies in over fifteen countries worldwide.

About Pick-One
Pick-One is a 100% Mexican owned company born with the idea of bringing healthy and delicious products to the market. Through the companys commitment to adopting innovative processes and unique flavor profiles into its product offering, Pick-One came across EnWaves REV technology. Pick-One is excited to develop an innovative new suite of healthy snack products to captivate the taste buds of the Mexican consumer utilizing EnWaves REV technology.

For more information, please visit www.pick-one.mx

About EnWave
EnWave Corporation, a Vancouver-based advanced technology company, has developed Radiant Energy Vacuum (REV) - an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV technology, shortening the time from harvest to marketable cannabis products.

REV technologys commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors, including legal cannabis. EnWaves strategy is to sign royalty-bearing commercial licenses with innovative, disruptive companies in multiple verticals for the use of REV technology. The company has signed over thirty royalty-bearing licenses to date. In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market and sell all-natural dairy snack products in the United States, including the Moon Cheese® brand.
EnWave has introduced REV as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV platforms:
1.-nutraREV® which is a drum-based system that dehydrates organic materials quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour; and,
2. quantaREV® which is a tray-based system used for continuous, high-volume low-temperature drying.
More information about EnWave is available at www.enwave.net.
EnWave Corporation
Mr. Brent Charleton, CFA
President and CEO

For further information:
Brent Charleton, CFA , President and CEO at +1 (778) 378-9616
E-mail: bcharleton(at)enwave.net
Dan Henriques, CFO at +1 (604) 835-5212
E-mail: dhenriques(at)enwave.net
Deborah Honig, Corporate Development at + 1 (647) 203-8793
E-mail: dhonig(at)enwave.net

In Europe:
Swiss Resource Capital AG
Jochen Staiger

Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management''s expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company''s strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third party claims referred to in this release are not guaranteed to be accurate. All third party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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EnWave Corporation ist ein in Vancouver ansässiges Technologieunternehmen das kommerzielle Applikationen für ihre geschützte Radiant Energy Vacuum (REV™) Trocknungstechnologie anbietet.

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Date: 11/19/2019 - 09:04
Language: English
News-ID 1554048
Character count: 3022
Firma: EnWave Corporation
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Stadt: Wien


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