Press Release: Moon Cheese : EnWave Signs Technology Evaluation and License Option Agreement With NutraDried LLP for Protein Matrix Products

VANCOUVER, BC--(Marketwired - August 19, 2015) - EnWave Corporation (TSX VENTURE: ENW) (FRANKFURT: E4U) ("EnWave", or the "Company") is pleased to announce that the Company has signed a Technology Evaluation and License Option Agreement (the "Agreement") with NutraDried LLP ("NutraDried"), a 51% owned subsidiary of the Company, which is looking to build its product portfolio of healthy dried snack products. The Agreement grants NutraDried the right to develop various protein matrix products using Radiant Energy Vacuum ("REVT") technology, with an option to license the exclusive use of REVT technology in the United States of America. This is the second incremental REVT-dried product line that NutraDried intends to eventually commercialize. Pursuant to the Agreement, NutraDried paid EnWave an upfront fee to initiate this technology evaluation. All other terms of the Agreement are confidential.