EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed an additional royalty-bearing commercial license agreement (the “License Agreement”) and executed equipment purchase agreements for two 10kW and one 60kW Radiant Energy Vacuum (“REV™”) machines (the “Purchase Agreements”) with MicroDried®, the Company’s longest-standing royalty partner.
Under the License Agreement, MicroDried® gains exclusive rights to use EnWave’s REV™ dehydration technology to produce mochi and Greek yogurt products in North America. The License Agreement also includes the right to manufacture additional dairy applications, such as shredded cheese and cheesecake. In exchange for these expanded rights, MicroDried® has agreed to pay incremental minimum annual royalties in addition to the existing royalty obligations under its fruit and vegetable license.
MicroDried®, a leading U.S.-based producer of premium fruit and vegetable ingredients, is now expanding its portfolio to include clean-label, nutrient-dense dairy and mochi ingredients for top global food brands. This expansion strengthens MicroDried®’s position as a key supplier to many of the world’s largest consumer packaged goods companies.
MicroDried® currently operates three large-scale vacuum-microwave drying lines in Nampa, Idaho, focused on fruit and vegetable snack and ingredient production. As part of its growth strategy, MicroDried® is opening a state-of-the-art dairy processing facility in Washington State (the “Dairy Facility”). One of the newly purchased 10kW REV™ units, along with the 60kW machine purchased in April 2025 and the additional 60kW machine purchased today, will be installed at the Dairy Facility. The second 10kW REV™ machine will be installed in Nampa for ongoing product development. The Dairy Facility is expected to be operational this summer, with the two 60kW machines scheduled for commissioning in late 2025.
With five large-scale REV™ machines under its control, MicroDried® now holds the highest REV™ manufacturing capacity of any company in the world.
EnWave will now begin building another large-scale REV™ machine for its inventory in preparation for anticipated demand from its pipeline of sales prospects.
