EnWave Signs Commercial License Agreement with Michael Foods

EnWave Corporation announced that it has signed a commercial royalty-bearing license (the "License") with Michael Foods, a subsidiary of Post Holdings and a leading American multi-billion-dollar supplier of foodservice, food ingredient and retail offerings.

Michael Foods has also purchased a 10kW Radiant Energy Vacuum ("REV™") machine from EnWave after conducting product development research and development over the past several months.

The License grants Michael Foods the right to produce certain products using REV™ technology in the United States of America and provides for an ongoing royalty stream tied to the commercial sales of any REV™-dried products produced and sold by Michael Foods during the term. The License is the fifty-third active royalty-bearing agreement issued by EnWave.