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EnWave files lawsuit against ex-CEO and others

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Vancouver, British Columbia, July 30, 2021 (Globe Newswire) – EnWave Corporation (TSX-V: ENW | FSE: E4U) (“EnWave”, or “the Company”) It announced that it had filed a lawsuit in the British Columbia Supreme Court against several of the defendants, including Timothy Durance, three other previous employees of EnWave, Gary Sandberg, Benno Anand and Rehana Norbachsh and three companies associated with Mr. Durance, including Dehydration Research, LLC and Durance Technologies, Inc.

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EnWave is also pursuing lawsuits against Primo Fabrication LLC and BC Hop Company Ltd. and Dwayne Stewart, who is the president of BC Hop Company Ltd. and several companies operating such as Peregrine Precision Systems and Sean McLean, who is the director of Peregrine Precision Systems.

Mr. Durance was the CEO of EnWave from 1999 until his departure from EnWave in August 2018.

EnWave, in its notice of civil claim, alleges that Mr. Durance and other defendants associated with Mr. Durance. Durance used and disclosed EnWave’s confidential information in breach of obligations owed to EnWave. The notice of civil action seeks damages, calculating profits and injunctive relief.

About EnWave

EnWave Corporation, a Vancouver-based advanced technology company, has developed a Radiant Energy Vacuum Cleaner (“REV™”) – an innovative, proprietary method for the precise drying of organic materials. EnWave has developed patent-pending methods for uniform drying and decontamination of hemp through the use of REV™ technology, reducing time from harvest to lofty-quality, marketable hemp products.

REV™ technology has been proven commercially viable and is rapidly growing across many market segments in the food and pharmaceutical sectors, including legal cannabis. EnWave’s strategy is to sign proprietary commercial licenses with innovative and exciting companies in multiple sectors to use REV™ technology. It has signed over forty proprietary licenses to date in twenty countries around the world. In addition to these licenses, EnWave has created a limited liability company, NutraDried Food Company, LLC, to manufacture, market, and sell all-natural light dairy products in the United States, including Moon Cheese.® Trademarks.

EnWave™ REV introduced as a disruptive drying platform in the food and hemp sectors: faster and cheaper than freeze drying, with better end product quality than air or spray drying. EnWave currently offers two distinct REV™ commercial platforms:

  1. NutraREV® It is a drum-based system that dries organic matter quickly and inexpensively, while maintaining lofty levels of nutrition, taste, texture and color; And,

  2. QuantaREV® It is a tray based system used for continuous low temperature drying of big quantities.

More information about EnWave is available at www.enwave.net.

EnWave CompanyMr. Brent Charlton, CFA
President and CEO

for further information:

Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
e-mail: bcharleton@enwave.net

Dan Henriques, CPA, CA, CFO at +1 (604) 835-5212
e-mail: dhenriques@enwave.net

For media inquiries:
e-mail: media@enwave.net

Safe harbor for forward-looking information statements: This press release may contain forward-looking information based on management’s expectations, estimates and expectations. All statements that address expectations or expectations about the coming, including statements regarding the Company’s growth strategy, product development, market position, projected expenditures and anticipated synergies following closing, are forward-looking statements. The accuracy of all third party claims referred to in this release cannot be guaranteed. The accuracy of all third-party references to market information in this release is not guaranteed because the company did not conduct the original primary research. These statements are not a guarantee of coming performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify significant factors that could cause actual results to differ materially, there may be other factors that cause results not to appear as expected, estimated or intended. There can be no assurance that such statements will prove to be correct, as actual results and coming events could differ materially from those projected in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor the Regulatory Services Provider (as defined in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.

Referensi: finance.yahoo.com

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