VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) ("EnWave”, or the "Company") announced today that it has signed a master service agreement (the "Agreement”) with BioTechnique, an American pharmaceutical contract manufacturing service provider. This Agreement outlines the terms for the continued evaluation by BioTechnique of EnWave's Radiant Energy Vacuum ("REV™”) dehydration technology as a suitable replacement for lyophilization in the biopharmaceutical industry.
The first anticipated collaboration will include paid testing of several liquid products to be dried in vials using pilot-scale REV™ machinery at EnWave's Innovation Center in Delta, British Columbia. If deemed successful, BioTechnique may decide to acquire their own REV™ equipment for service provision directly for their client base of leading pharmaceutical companies.
About BioTechnique LLC
BioTechnique is an American pharmaceutical contract research, development and manufacturing facility filling the need for therapeutic and highly potent sterile injectable products - both liquid and lyophilized. BioTechnique®'s filling lines can handle both clinical and commercial batches.
BioTechnique's project management and client services staff work closely with their clients to provide services for formulation and compounding, QC testing, temperature-controlled storage, fill-finish, and lyophilization for a wide variety of injectable products.
For more information about BioTechnique, please visit www.biotechnique.com.
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 partners spanning twenty-four 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, CFA
President and CEO
For further information:
Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
E-mail: bcharleton@enwave.net
Dylan Murray, CPA, CA, CFO at +1 (778) 870-0729
E-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.
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