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From: kidl	7/25/2019 9:05:38 AM
	of 49402

EnWave Signs First Royalty-Bearing License For Drying Industrial Hemp in the United States with Electric Farms LLC VANCOUVER, British Columbia, July 25, 2019 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW \| FSE:E4U) (“EnWave”, or the “Company”) reports today that it has signed a royalty-bearing commercial license agreement (the "License") with Electric Farms LLC (“Electric Farms”). Electric Farms cultivates high-quality hemp flowers in both indoor and outdoor grow facilities at its licensed facility in Tennessee, USA. The License grants Electric Farms non-exclusive rights to use EnWave’s proprietary Radiant Energy Vacuum (“REV™”) dehydration technology for the drying of industrial hemp in Tennessee. The License marks the first extension of EnWave's REV™ technology for drying of industrial hemp in the United States. This License establishes a foothold for further expansion of EnWave’s technology for the drying of hemp in the production of smokable hemp products and hemp oil extracts. The United States legalized the cultivation of industrial hemp with the 2018 Farm Bill, presenting a major market opportunity for the application of EnWave’s technology. The Company’s strategy is to secure commercial royalty-bearing licenses with licensed industrial hemp companies to propagate EnWave’s rapid drying technology in the recently legalized sector. Under the terms of the License, Electric Farms will pay EnWave a usage-based royalty based on the weight of hemp plant material dried using the REV™ machine. Electric Farms has submitted a purchase order to EnWave for a 10kW small-scale machine to enable the rapid drying of industrial hemp at its Tennessee facilities. About Electric Farms LLC Electric Farms was established in 2018 and operates a 6,000 sqft indoor hydroponic growing operation and a 12 acre outdoor growing operation, and expects to produce over 10,000 lbs of dried organic hemp flower for smoking and extraction each year. The company grows hemp using natural aquaponics and organic techniques to bring healthier products free from pesticides and herbicides to its customers. For more information on Electric Farms, please visit www.facebook.com/electricfarmsllc

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