EnWave signs second equipment deal with Procescir, names new CFO

EnWave Corp (TSX-V:ENW, OTC:NWVCF, FRA:E4U) announced that it has signed a 2nd instrumentality acquisition statement with Mexican nutrient processing institution Procescir S.A. de C.V. for an further 120-kilowatt Radiant Energy Vacuum (REV) dehydration machine, portion besides naming a caller main fiscal officer.

The caller instrumentality acquisition follows Procescir's commercialization of its archetypal REV accumulation line. EnWave said the 2nd strategy volition grow Procescir's manufacturing capacity, allowing the institution to summation accumulation of private-label and branded dried fruit, rootlike and constituent products, portion supporting its toll drying concern for planetary nutrient companies.

Procescir is simply a vertically integrated Mexican cultivation institution that EnWave identified arsenic 1 of its cardinal commercialized partners successful Latin America. According to EnWave, the further accumulation capableness is expected to lend to higher recurring royalty gross arsenic commercialized output increases.

The institution expects to present the 2nd 120kW REV instrumentality to Procescir's installation during the 2026 calendar year.

Additionally, EnWave announced the assignment of Nav Dhami arsenic main fiscal officer, effectual July 24, 2026. Dhami, who presently serves arsenic the company's fiscal controller, volition win Dylan Murray, who is leaving the institution aft accepting different nonrecreational opportunity.

EnWave said Dhami has much than 10 years of fiscal enactment experience, including expertise successful fiscal operations, hazard absorption and fiscal reporting.

As portion of the appointment, the institution granted Dhami 300,000 inducement banal options nether its banal enactment plan. The options volition beryllium exercisable astatine the closing terms of EnWave's communal shares connected the TSX Venture Exchange connected July 24, 2026, taxable to speech approval. They person a five-year word and volition vest successful one-third increments implicit 18 months, successful accordance with the plan.