EnWave Announces Refreshment of Executive Stock Option Position
12 Septembre 2023 - 2:00AM
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the
"Company") announced today that it has granted Mr. Brent
Charleton, CEO and President, an aggregate of 800,000 incentive
stock options to replace the 800,000 stock options that expired on
September 9th, 2023 (the “Options”). The grant of Options is
subject to the terms of the Company’s Stock Option Plan (the
“Plan”), exercisable at a price of $0.36. The Options are
exercisable for a term of five years and will vest in one-third
increments over eighteen months in accordance with the provisions
set out in the Plan, or as otherwise required by the TSX Venture
Index (“TSXV”). The grant of the Options is subject to approval by
the TSXV.
About EnWave
EnWave is a global leader in the innovation and
application of vacuum microwave dehydration. From its headquarters
in Delta, BC, EnWave has developed a robust intellectual property
portfolio, perfected its Radiant Energy Vacuum (REV™) technology,
and transformed an innovative idea into a proven, consistent, and
scalable drying solution for the food, pharmaceutical and cannabis
industries that vastly outperforms traditional drying methods in
efficiency, capacity, product quality, and cost.
With more than fifty royalty-generating partners
spanning twenty-six countries and five continents, EnWave’s
licensed partners are creating profitable, never-before-seen snacks
and ingredients, improving the quality and consistency of their
existing offerings, running leaner and getting to market faster
with the company’s patented technology, licensed machinery, and
expert guidance.
EnWave’s strategy is to sign royalty-bearing
commercial licenses with food producers who want to dry better,
faster and more economical than freeze drying, rack drying and air
drying, and enjoy the following benefits of producing exciting new
products, reaching optimal moisture levels up to seven times
faster, and improve product taste, texture, color and nutritional
value.
Learn more at EnWave.net.
EnWave Corporation
Mr. Brent Charleton, CFAPresident and CEO
For further information:
Brent Charleton, CFA, President and CEO at +1 (778)
378-9616E-mail: bcharleton@enwave.net
Dylan Murray, CFO at +1 (778) 870-0729E-mail:
dmurray@enwave.net
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 claims referred to in this release are not guaranteed
to be accurate. 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.
EnWave (TSXV:ENW)
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