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Other

EnWave Signs Royalty-Bearing Commercial License with Shinyway International Limited of New Zealand

By The Northwire Desk — AI Analysis Nov 12, 2025 · 09:00 ENW · 0.38 EnWave Corporation
ENW · Price

Executive Summary

  • EnWave Corporation entered into a royalty‑bearing commercial license agreement with Shinyway International Limited to deploy its patented Radiant Energy Vacuum (REV™) technology for cannabis processing in New Zealand.
  • The agreement grants Shinyway rights to use the REV™ system, beginning with a single 10 kW machine, and obligates Shinyway to pay royalties comparable to EnWave’s existing licenses.
  • This partnership expands EnWave’s footprint into the New Zealand cannabis market and adds another revenue‑generating license to its global portfolio.

Key Details

  • Parties: EnWave Corporation (TSX‑V: ENW) and Shinyway International Limited, a New Zealand‑based cannabis processing service provider.
  • Technology Licensed: EnWave’s patented Radiant Energy Vacuum (REV™) technology for drying and processing cannabis products.
  • Scope of Deployment: Initial installation of one 10 kW REV™ machine; potential expansion to additional units as Shinyway scales operations.
  • Royalty Structure: Shinyway will pay royalties “commensurate with certain other existing licenses granted by EnWave” (exact rate not disclosed).
  • Strategic Rationale: Enhances EnWave’s global licensing model, targeting food and cannabis producers seeking faster, more efficient drying solutions; supports EnWave’s strategy of signing royalty‑bearing commercial licenses.
  • Geographic Expansion: Marks EnWave’s entry into the New Zealand cannabis market, adding to its presence in 24 countries across five continents.
  • Management Comments: Brent Charleton, President and CEO, highlighted the collaboration as a means to “ensure optimal product development success” and to further EnWave’s growth strategy.

Notable Quotes

“Shinyway will pay a royalty commensurate with certain other existing licenses granted by EnWave, and the Company intends to continue working closely with Shinyway to ensure optimal product development success.” – Brent Charleton, President & CEO, EnWave Corporation

Read the original news release →

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