EnWave Corporation announced that it has signed a Technology Evaluation and License Option Agreement (the "TELOA") with Fresh Business Consulting S.L. (“FBC”), part of a diversified investment and consulting firm headquartered in Spain that has business interests in

its home country, the United Kingdom and Peru. The TELOA grants FBC a six-month term to evaluate EnWave’s Radiant Energy Vacuum (“REV™”) technology for the production of several undisclosed food products in the country of Peru.

FBC has a proven history of forging successful joint partnerships and plans to target several established Peruvian agricultural companies and food manufacturers to collaborate on product-specific projects through its Peruvian business Fresh Business Peru. Prior to signing the TELOA, FBC has been actively developing its business in Peru since 2015. FBC and the wider group’s 2017 total revenue was more than 27 million Euros.

FBC will rent a small-scale REV™ machine for intensive new product development, which will be installed in Lima, Peru within the next few months.