EnWave Announces Appointment of Mr. Patrick Turpin to its Board of Directors
February 12 2020 - 9:00AM
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the
"Company") announced today the appointment of Mr. Patrick
Turpin to the Company’s Board of Directors. Patrick was a
co-founder of Popchips, Inc (“Popchips”) and is a seasoned veteran
of the consumer packaged goods industry. His addition will broaden
and strengthen the skillset of the EnWave team to include a wealth
of experience and leadership in the better-for-you segment of the
snacking vertical.
Patrick Turpin is an accomplished senior
executive who has successfully concepted and launched several
revenue-generating retail channel businesses and brands. He has
close to 30 years of experience leading consumer packaged goods
organizations across multiple areas of the value chain. In addition
to co-founding Popchips, he was also a senior executive at Costco
Wholesale where he led multiple strategic initiatives, including
launching Costco’s gas station business and Costco’s Executive
Membership division. Patrick also managed Costco’s vertically
integrated, private label snack and confection packaging
business.
With the addition of Patrick Turpin, EnWave’s
Board now consists of five independent directors and two
non-independent directors. The two non-independent directors are
John Budreski, Executive Chairman, and Brent Charleton, Chief
Executive Officer. EnWave welcomes Patrick to the Board and
the experience he brings is anticipated to add tremendous value to
the Company’s strategic initiatives, including the rapid expansion
of its better-for-you Moon Cheese® snack brand.
About EnWave EnWave
Corporation, a Vancouver-based advanced technology company, has
developed Radiant Energy Vacuum (“REV™”) – an innovative,
proprietary method for the precise dehydration of organic
materials. EnWave has further developed patent-pending methods for
uniformly drying and decontaminating cannabis through the use of
REV™ technology, shortening the time from harvest to marketable
cannabis products.
REV™ technology’s commercial viability has been
demonstrated and is growing rapidly across several market verticals
in the food, and pharmaceutical sectors, including legal cannabis.
EnWave’s strategy is to sign royalty-bearing commercial licenses
with innovative, disruptive companies in multiple verticals for the
use of REV™ technology. The company has signed over thirty
royalty-bearing licenses to date. 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.
EnWave has introduced REV™ as a disruptive
dehydration platform in the food and cannabis sectors: faster and
cheaper than freeze drying, with better end product quality than
air drying or spray drying. EnWave currently offers two distinct
commercial REV™ platforms:
- nutraREV® which is a drum-based system that dehydrates organic
materials quickly and at low-cost, while maintaining high levels of
nutrition, taste, texture and colour; and,
- quantaREV® which is a tray-based system used for continuous,
high-volume low-temperature drying.
More information about EnWave is available at
www.enwave.net.
EnWave Corporation
Mr. Brent Charleton, CFAPresident and CEO
For further information:
Brent Charleton, CFA , President and CEO at +1 (778) 378-9616
E-mail: bcharleton@enwave.net
Dan Henriques, CFO at +1 (604) 835-5212 E-mail:
dhenriques@enwave.net
Deborah Honig, Corporate Development at + 1 (647)
203-8793E-mail: dhonig@enwave.net
Safe Harbour for Forward-Looking Information
Statements: This press release may contain forward-looking
information based on management's expectations, estimates and
projections. All statements that address expectations or
projections about the future, including statements about the
Company's strategy for growth, product development, market
position, expected expenditures, and the expected synergies
following the closing are forward-looking statements. All third
party claims referred to in this release are not guaranteed to be
accurate. All third party references to market information in this
release are not guaranteed to be accurate as the Company did not
conduct the original primary research. These statements are not a
guarantee of future performance and involve a number of risks,
uncertainties and assumptions. Although the Company has attempted
to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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