EnWave Announces Appointment of new Chief Financial Officer
December 01 2022 - 9:00AM
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the
"Company") today announced that Mr. Dylan Murray has been
appointed as Chief Financial Officer (CFO) of the Company,
effective December 1, 2022. Mr. Murray is replacing Mr. Dan
Henriques, the current CFO, who will be leaving to pursue another
professional opportunity.
Mr. Murray is a Chartered Professional
Accountant and began his career with Ernst & Young. He brings
over ten years of progressive financial leadership to the Company
with diversified experience in the real estate and cannabis
industries, working in both public and private companies. Mr.
Murray has extensive financial experience in the areas of financial
planning and analysis, financial operations, capital markets,
mergers and acquisitions, risk management, financial reporting, and
corporate restructuring. Mr. Murray is joining an EnWave executive
team that is committed to accelerating growth and forging a path to
sustained profitability to create shareholder value.
The Company would like to thank Mr. Henriques
for his 7 years of financial leadership at the Company and for his
many contributions to the Company’s success over the years.
The Company has granted Mr. Murray an aggregate
of 300,000 incentive stock options, subject to the terms of the
Company’s Stock Option Plan (the “Plan”), that are exercisable at
the last closing price of the Company’s common shares on the TSX
Venture Exchange (“TSXV”) on December 16, 2022. The incentive stock
options are exercisable for a term of five years and will vest in
one-third increments over eighteen months in accordance with the
provisions set out in the Plan, or as otherwise required by the
TSXV. The grant of the equity incentive stock options is subject to
approval by the TSXV.
About EnWave
EnWave is a global leader in the innovation and application of
vacuum microwave dehydration. From its headquarters in Vancouver,
BC, EnWave has developed a robust intellectual property portfolio,
perfected its Radiant Energy Vacuum (REV™) technology, and
transformed an innovative idea into a proven, consistent, and
scalable drying solution for the food, pharmaceutical and cannabis
industries that vastly outperforms traditional drying methods in
efficiency, capacity, product quality, and cost.
With more than forty-five royalty-generating partners spanning
twenty countries and five continents, EnWave’s licensed partners
are creating profitable, never-before-seen snacks and ingredients,
improving the quality and consistency of their existing offerings,
running leaner and getting to market faster with the company’s
patented technology, licensed machinery, and expert
guidance.
In addition, EnWave established a Limited
Liability Corporation, NutraDried Food Company, LLC, to
manufacture, market and sell REV-dried snack products within North
America, including the popular Moon Cheese® brand, and serve as a
co-manufacturer for third parties.
EnWave’s strategy is to sign royalty-bearing
commercial licenses with food and cannabis producers who want to
dry better, faster and more economical than freeze drying, rack
drying and air drying, and enjoy the following benefits:
- Food and ingredients companies can
produce exciting new products, reach optimal moisture levels up to
seven times faster, and improve product taste, texture, color and
nutritional value.
- Cannabis producers can dry four to
six times faster, retain 20% more terpenes and 25% more
cannabinoids, and achieve at least a 3-log reduction in
crop-destroying microbes.
Learn more at EnWave.net.
EnWave Corporation
Mr. Brent Charleton, CFAPresident and CEO
For further information:
Brent Charleton, CFA, President and CEO at +1 (778)
378-9616E-mail: bcharleton@enwave.net
Dylan Murray, CPA, CA, CFO at +1 (778) 870-0729E-mail:
dmurray@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.
EnWave (TSXV:ENW)
Historical Stock Chart
From Jun 2024 to Jul 2024
EnWave (TSXV:ENW)
Historical Stock Chart
From Jul 2023 to Jul 2024