EnWave Announces Transfer of License from Agricola La Lydia Industrial to Pitalia S.A. and Purchase Order for 100kW Radiant Energy Vacuum Machinery

VANCOUVER, BC--(Marketwired - August 10, 2017) - EnWave Corporation (TSX VENTURE: ENW) (FRANKFURT: E4U) ("EnWave", or the "Company") announced today that it has signed an amendment (the "Amendment") with Agricola La Lydia Industrial ("La Lydia") to transfer the existing commercial license agreement (the "License") to Pitalia S.A. ("Pitalia"), a newly formed business entity owned by La Lydia. The Amendment will enable Pitalia, which has its facilities located in a tax-free zone in Costa Rica, to take advantage of several tax breaks regarding the export and production of dried food products using EnWave's patented Radiant Energy Vacuum ("REV™") technology.

Subsequent to the Amendment, Pitalia has signed an equipment purchase agreement (the "Purchase Order") and paid a deposit to obtain a 100kW REV™ machine to expand their processing capacity. Pitalia has now purchased two 10kW REV™ machines and ordered one 100kW™ continuous REV™ production line. Pitalia plans to immediately begin selling pineapple, apple, mango and banana snack products through their Pure Joy Bites brand in the European and South, Central and North American markets.

Reminiscent of shimmering gold, Costa Rican pineapple is delectably sweet and refreshingly juicy. The ultimate in pineapple flavor, its very low acid content allows for a very sweet taste. Its tender bright yellow flesh is not only rich in taste, it's rich in color and generously releases its characteristic fresh tropical aroma. These high-quality characteristics are highlighted in the REV™-dried finished products of Pitalia.

About Pitalia S.A.

Pitalia S.A. is a subsidiary of Agricola Industrial La Lydia, a family-owned company that was founded over 70 years ago in Costa Rica. La Lydia has been a global leader in the production and exportation of golden pineapple since 2005. La Lydia continues to provide their clients with the highest quality product assurance through that distribution of their two golden pineapple brands: YAZ and SWITI. For more information about La Lydia, please visit www.costaricapineapple.com.

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. REV™ technology's commercial viability has been demonstrated and is growing rapidly across several market verticals in the food and pharmaceutical sectors. EnWave's strategy is to sign royalty-bearing commercial licenses with industry leaders in multiple verticals for the use of REV™ technology. The company has signed twenty-one royalty-bearing licenses to date, opening up eight distinct market sectors for commercialization of new and innovative products. In addition to these licenses, EnWave has formed a Limited Liability Partnership, NutraDried LLP, to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese^® brand.