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From: purse7/30/2019 11:31:13 AM
   of 49402
 
ORIGINAL: EnWave Receives Deposit from Consulting Fresh Business S.L. for Large-Scale Radiant Energy Vacuum Equipment

2019-07-30 09:00 ET - News Release
ENW Close 2019-07-29 C$ 2.27

VANCOUVER, British Columbia, July 30, 2019 (GLOBE NEWSWIRE) --


EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) reports today that the Company has received a non-refundable USD$100,000 deposit from Consulting Fresh Business S.L. (“Fresh Business”) towards the purchase of Radiant Energy Vacuum (“REV™”) machinery with a minimum of 100kW in rated power. In April 2019, Fresh Business purchased a small-scale commercial REV™ machine and signed an exclusive license to use EnWave’s REV™ technology in the country of Peru for the dehydration of numerous food materials. Fresh Business has begun selling REV™-dried products commercially.

Fresh Business continues to put forth significant product and market development efforts to identify which REV™-dried applications will support the strongest long-term business case. EnWave offers two primary REV™ machine designs – nutraREV® and quantaREV® equipment. Each machine design offers similar processing efficiencies, however the handling of the food material as it passes through each respective vacuum-microwave chamber differs. In specific cases, one platform may be more appropriate than the other. Fresh Business intends to procure either a 100kW nutraREV®, 120kW quantaREV® or a combination of two 60kW machines (one nutraREV® and one quantaREV®) within the 2019 calendar year to expand production capacity.
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