EnWave Signs Technology Evaluation and License Option Agreement with NuWave Foods Inc. to Develop Shelf-Stable Baked Goods

VANCOUVER, British Columbia, May 14, 2020 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a Technology Evaluation and License Option Agreement (the “Agreement”) with a Canadian food company NuWave Foods Inc. (“NuWave”)  to evaluate the potential commercial use of the Company’s Radiant Energy Vacuum (“REV”) dehydration technology. NuWave operates a fully licensed commercial kitchen and bakery operation in Edmonton, Alberta, and is focused on the development of new and innovative shelf-stable donut and fritter products.

During the term of the Agreement, NuWave will rent a 10kW REV machine for intensive product development at its facility in Edmonton. NuWave has been granted an exclusive option to license REV technology in Canada and the U.S. for shelf-stable donut and fritter products. If commercially viable products are developed under the Agreement, NuWave will potentially purchase REV machinery to commence commercial production at its facility in Edmonton.

EnWave’s proprietary dehydration technology has broad applications in the processing of innovative food products. REV technology enables baked goods processors to produce shelf-stable baked goods without using added preservatives, eliminating cold-storage and elongating product life. EnWave holds a robust intellectual property portfolio spanning numerous international markets and has licensed REV technology to more than thirty food companies in over sixteen countries worldwide.

About NuWave Foods Inc.
NuWave is a 51% owned subsidiary of Blackhawk Growth Corp. (CSE:BLR). NuWave is a fully licensed commercial kitchen and baked goods manufacturer located in Edmonton, Alberta. NuWave is focused on the development and commercialization of shelf-stable baked products, without the use of any preservatives. NuWave was formed as a joint partnership between a group of like-minded professionals seeking to leverage their considerable contacts in North America’s food industry to rapidly become a leader in the rapidly changing space. NuWave seeks to leverage innovative food technologies to introduce new food products into the North American market.