EnWave Signs License Agreement, and Equipment Purchase Agreement with Teagasc, the Agricultural and Food Development Authority of Ireland

Executive Summary

• EnWave Corporation signed a license agreement and an equipment purchase agreement with Teagasc, the Agriculture and Food Development Authority of Ireland.
• The agreements grant Teagasc R&D rights to use EnWave’s Radiant Energy Vacuum (REV™) dehydration technology and include the purchase of one 10 kW REV™ machine.
• Delivery of the 10 kW REV™ unit is scheduled for before summer 2026, where it will support Teagasc’s AIMBIO project on marine‑based bioprocessing.

Key Details

• License Agreement: Grants Teagasc R&D rights to EnWave’s proprietary REV™ dehydration technology for use with its current and future clients, industry partners, and research collaborators.
• Equipment Purchase Agreement: Teagasc will purchase a single 10 kW REV™ machine from EnWave.
• Delivery Timeline: The 10 kW REV™ unit is expected to be delivered to Teagasc’s facility prior to the summer of 2026.
• Project Support – AIMBIO: The REV™ dryer will be employed in Teagasc’s AIMBIO (All Island Marine Bio‑based Refineries for Circular Blue‑Bioeconomy) project to rapidly and energy‑efficiently dry marine and aquaculture side‑streams, facilitating downstream extraction and product development.
• Strategic Significance: The deal expands EnWave’s footprint into the Irish agri‑food sector and showcases its technology in a high‑visibility research initiative aimed at circular bioeconomy solutions.

Notable Quotes

“Our REV™ technology offers rapid, energy‑efficient drying that can transform marine side‑streams into high‑value ingredients, aligning perfectly with Teagasc’s AIMBIO objectives.” – Brent Charleton, CFA, President and CEO, EnWave Corporation

All forward‑looking statements are subject to risks and uncertainties as described in the safe harbour disclaimer.