(*) Non-IFRS Financial Measures:Adjusted EBITDA is not a measure of financial performance under IFRS. Entered three new technology evaluation agreements with major food companies interested in developing new products using REV™ technology. VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") is pleased to report the Company’s operational and consolidated financial results for the fourth quarter and full fiscal year-ended September 30, 2020. EnWave Canada had revenue of $1,601 in Q4 2020 compared to $1,609 in Q3 2020. Dec 21, 2020. Key Financial Highlights for 2018 and Q4 (expressed in ‘000s): Continued revenue growth with Q4 2018 revenue of $7,355 compared to $3,630 for Q4 2017, an increase of 103%. Enwave scored 17 points higher than LAEP in an evaluation of the proposals conducted earlier this month by LSU staff and KPMG, with a guarantee of savings to … In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market and sell all-natural dairy snack products in the United States, including the Moon Cheese® brand. Completed the remote commissioning of three additional 10kW machines for royalty partners internationally. EnWave's Terpene Max™ Protocol Chart: The data in the chart above was analyzed at an independent testing facility. EnWave Canada’s lower revenues in 2020 reflect the impacts of substantial contraction of capital spending and facility expansion within the Canadian cannabis sector, along with restrictions on international travel due to COVID-19. * Adjusted EBITDA is a non-IFRS financial measure. His death was announced by his sister Melissa D’Amico. More information about EnWave is available at www.enwave.net. In connection with the transaction Televisa will maintain its ownership interest in Univision and will convert its warrants into common stock. Signed an exclusive royalty-bearing commercial license agreement with Orto Al Sole Di Gandini Claudio (“Orto Al Sole”), a family-owned Italian fruits and vegetable producer. The Company has scheduled a conference call to discuss the results for its fiscal year, fourth quarter ended September 30, 2020 and fiscal 2021 outlook Monday, December 21st, 2020 at 7:00 a.m. Pacific Time (10:00 a.m. Eastern Time). EnWave Corporation today reported its annual results for the year ended September 30, 2015. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. The Company successfully reduced quarterly spending more than its previously announced target of $1.0 million, while maintaining core capabilities and investing in areas to deliver revenue growth over the near and long-term. Staff levels and commensurate G&A expenses in EnWave Canada were drastically reduced. The current cost makes these whole house water filters hard to resist. Advanced the joint development agreement with GEA Lyophil GmbH (“GEA”) for the development and scale-up of GMP-pharma machinery for the global pharmaceutical industry. EnWave’s interim consolidated financial statements and MD&A are available on SEDAR at www.sedar.com and on the Company’s website www.enwave.net.. Key … Please refer to the discussion included in the Company’s interim MD&A for December 31, 2018 and annual MD&A for the year ended September 30, 2018. Through district energy, Enwave’s sustainable technology helps attract and … The majority of product for this promotion shipped in September 2020 and reported in Q4 2020, with a smaller portion shipped in October 2020 that will be reported in Q1 2021. Maintained a strong balance sheet with a working capital surplus of $24,168 and cash balance of $14,712. The affordable price makes this SUV hard to resist. The installed royalty-base of machinery will be increase with large-scale installations planned in the near-term for Aurora (120kW), Fresh Business (100kW), and Pitalia (100kW). Signed an exclusive royalty-bearing license agreement with NuWave Foods, Inc (“NuWave”), a Canadian company focused on commercializing innovative shelf-stable donut and bakery products. All third party claims referred to in this release are not guaranteed to be accurate. Sold a 10kW machine to Intakt Snacks, which doubles their royalty-bearing manufacturing capacity for cheese snacks in Chile. 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