EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U) ("EnWave", or the "Company")
is pleased to announce today that it has signed a royalty-bearing Commercial
License (the "License") and a Manufacturing Agreement (the "Agreement") with
NutraDried Creations LLP ("NutraDried Creations"), who will focus on securing
major private label distribution opportunities throughout the United States of
America ("U.S.") and Latin America for dehydrated cheese snacks and other new
healthy snack products dehydrated using the Company's Radiant Energy Vacuum
("REV(TM)") technology. NutraDried Creations represents a group of experienced
business partners that have extensive professional contacts in the private label
area and includes Mr. Hugh Wiebe, a current Director of EnWave Corporation.


Mr. Wiebe has more than 30 years of experience in the global food industry and
was formerly a shareholder and Chairman of the Board of Brookside Foods Ltd.
("Brookside"). During his time with Brookside, Mr. Wiebe helped build a highly
recognized national chocolate brand through an extensive U.S. retail
distribution network. Mr. Wiebe is also the controlling shareholder of Lucid
Capital Management, a 49% partner in NutraDried LLP, which is a company co-owned
with EnWave that is actively marketing and producing an all-natural, healthy
cheese snack product in the U.S. market under the Moon Cheese(R) brand. The
initial success of this launch through Kroger's Fred Meyer and Quality Food
Center banner's in the Pacific Northwest and Alaska has led to broader private
label interest for large scale bulk distribution.


NutraDried Creations plans to initially establish national distribution by
marketing REV(TM)-dried cheese snack products to their private label
distribution contacts, but also have interest in expanding their offerings to
eventually include a number of other healthy vegetable and fruit products that
are currently being developed in partnership with EnWave and NutraDried LLP. As
the private label distribution opportunities evolve, these additional products
will be targeted for commercial sale.


Currently, NutraDried Creations is actively conducting market testing with
several potential customers and expects entry into at least two major U.S.
private label accounts over the next few months. If the test marketing is
successful an annual order volume of over 1 million pounds of dried cheese snack
products is forecast for the first phase of distribution during the next 12
months.


Under the Agreement, the dried cheese snack products will be produced for
NutraDried Creations at a shared facility in Ferndale, Washington State for the
first 3 million pounds of annual distribution. A 100kW nutraREV(R) plant is
expected to start-up at the facility in the spring of 2014, which should provide
enough capacity to support Moon Cheese(R) production and the initial private
label annual order forecast; however, should the private label order double, the
facility would expand with a second large commercial nutraREV(R) machine. If
orders continue to increase, as projected by NutraDried Creations, up to five
commercial nutraREV(R) machines may be needed by 2016 to satisfy private label
channel demand. If this occurs, NutraDried Creations has the option to purchase
REV(TM) equipment directly from EnWave to support order demand beyond 3 million
pounds of dried cheese snack products per annum or for other product categories
approved under the License, potentially creating two distinct suppliers, which
would help diversify the supply sources for larger food companies.


"This could be a major commercial breakout for nutraDRIED(R) products via
national, well-known distribution channels," stated Dr. Tim Durance, Chairman &
Co-CEO of EnWave Corporation. "This License and Agreement represents potential
catalysts for near term revenue growth, helping to establish EnWave and its
partners as new industry players in the U.S. healthy snack market."


"REV(TM)-dried cheese snack products are some of the most innovative and unique
natural products available on the market today," stated Mr. Hugh Wiebe, Partner
in NutraDried Creations. "We have had significant interest from several of the
largest private label distributors in the U.S., and we believe this business has
a legitimate opportunity to experience fast growth."


About NutraDried Creations LLP

NutraDried Creations is a Washington State LLP formed to take the nutraREV(R)
technology to market through the application of the technology in the snack and
food industry. The founders, Mr. J.H. Wiebe, Mr. Jeff Ericson and Mr. Andrew
Ferguson have extensive experience and accomplishments in the food and beverage
industry and, combined, bring over 100 years of business and life experience as
seasoned entrepreneurs, inventors, marketers and business leaders. Together they
create a dynamic team that knows how to create innovative products and
successfully take them to market.


NutraDried Creations' purpose and mission is to create a Triple Bottom Line -
impacting people's lives, stewarding earth's resources, and bringing profit to
shareholders. We achieve this through the lens of social business - selling
environmentally and socially responsible products. This philosophy ensures that
the customer receives the best nutritional products possible, through the
innovative use of our patented process and strategic relationships.


Our social business model strives to replace the old charitable model (welfare)
with a new model of rewarding excellence while giving people the tools to
succeed on their own. We partner with non-profits like Agros International, a
Seattle-based non-profit that assists poor, rural farmers in purchasing their
own land through low-interest or interest-free loans. This helps these farmers
break out of their generational poverty cycle. Our customers are the reason
positive change is happening in the lives of the families who grow the
ingredients in the products we sell. By only purchasing ethical ingredients that
are fairly traded, we partner with you in giving a fair wage for a beautiful
product. The difference is enabling farmers to provide food, clothing, shelter,
and an education for their children. Through the years we have helped develop 42
villages, aiding 24,000 farmers and fostering generational change.


Through NutraDried Creations and our strategic partners and customers, we now
hope to extend this impact to a whole new industry and create even more impact.
Therefore, the primary strategy of the Company is to offer private labeling
opportunities to major retailers and distributors who already have brand equity
in their names and who desire to make a positive difference in the world. Thus,
it is the priority and preference of the company to develop the brand equity and
awareness of NutraDried Creations as a food "category" through these
relationships.


More information about NutraDried Creations LLP is available at
www.nutradriedcreations.com.


NutraDried Creations, LLP 

Andrew Ferguson, CEO

About EnWave

EnWave Corporation is a Vancouver-based industrial technology company developing
commercial applications for its proprietary Radiant Energy Vacuum (REV(TM))
dehydration technology. EnWave aims to sign royalty-bearing commercial licenses
with leading food and pharmaceutical companies for the use of its revolutionary
technology. Thus far the Company has signed commercial licenses with Bonduelle,
a global leader in the production of vegetables, for the processing of
dehydrofrozen vegetables; Hormel Foods Corporation, a major processed meat
manufacturer, for the production of healthy dried meat products; Milne Fruit
Product, EnWave's first major licensee, for the production of several dehydrated
fruit and vegetable products in the whole, fragmented and powdered form; a
leading North American enzyme company, to dehydrate a series of food-related
enzymes for their Tier 1 clients; and Napa Mountain Spice Company, to dry
high-quality California bay leaves. In addition to these licenses, EnWave has
formed a Limited Liability Partnership with Lucid Capital Management to develop,
manufacture, market and sell all-natural cheese snack products in the United
States under the Moon Cheese (R)  brand. Most recently, EnWave signed a
commercial royalty-bearing license with NutraDried Creations LLP to enable them
to aggressively market nutritious snack products to private label customers in
North America and Latin America.


Also, EnWave has entered into a wide range of research and collaboration
agreements with an expanding list of multinational companies, including Nestle,
Kellogg's, Grupo Bimbo, Grimmway Farms, Ocean Spray Cranberries, Cherry Central,
Sun-Maid Growers, Gay Lea Foods, R.J. Reynolds and Merck. EnWave is introducing
REV(TM) as a new dehydration standard in the food and biological material
sectors: potentially faster and cheaper than freeze drying, with better end
product quality than air drying or spray drying.


EnWave currently has six REV(TM) platforms: commercial-scale nutraREV(R) and
MIVAP(R) are used in the food industry to dry fruits, vegetables, meat, herbs
and seafood quickly and at low-cost, while maintaining high levels of nutrition,
taste, texture and colour. The Company is also developing powderREV(R) for bulk
dehydration of food cultures, probiotics and fine biochemicals such as enzymes;
quantaREV(TM) for continuous, high-volume low-temperature drying of pastes,
gels, liquids, or particulates; and bioREV(TM) and freezeREV(TM) as new methods
to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies.
More information about EnWave is available at www.enwave.net.


EnWave Corporation

Dr. Tim Durance, Chairman & Co-CEO 

Safe Harbour for Forward-Looking Information Statements: This press release may
contain forward-looking information based on management's expectations,
estimates and projections. All statements that address expectations or
projections about the future, including statements about the Company's strategy
for growth, product development, market position, expected expenditures, and the
expected synergies following the closing are forward-looking statements. All
third party references to market information in this release are not guaranteed
to be accurate as the Company did not conduct the original primary research.
These statements are not a guarantee of future performance and involve a number
of risks, uncertainties and assumptions. Although the Company has attempted to
identify important factors that could cause actual results to differ materially,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
NutraDried Creations
Mr. Andrew Ferguson
CEO
(360) 332-2101
andrew.ferguson@nutradriedcreations.com


NutraDried Creations
Mr. Jeff Ericson
Chief Marketing Officer
(360) 332-2101
jeff.ericson@nutradriedcreations.com
www.nutradriedcreations.com


EnWave Corporation
Mr. John McNicol
President & Co-CEO
(604) 601-8524
john.mcnicol@enwave.net


EnWave Corporation
Mr. Brent Charleton
Vice President, Corporate Affairs
(778) 378-9616
bcharleton@enwave.net
www.enwave.net

EnWave (TSXV:ENW)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more EnWave Charts.
EnWave (TSXV:ENW)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more EnWave Charts.