EnWave Corporation announced that it has signed an equipment purchase agreement (the ?EPA?) with BranchOut Foods Inc. BranchOut requires additional Radiant Energy Vacuum (?REV®?) drying capacity to meet the increasing demand for their premium, healthy fruit and vegetable products. This is the third large-scale REV® machine purchased by BranchOut. Pursuant to the EPA, BranchOut has purchased a completely refurbished 100kW nutraREV® machine (the ?100kW Machinery?), which was formerly being used by NutraDried Food Company, EnWave?s former operating subsidiary.

The Company will realize a healthy margin and profit from this strategic redeployment given the 100kW Machinery is available for near-term shipment to BranchOut?s newly leased facility in Peru. BranchOut has been operating a 60kW tray-based REV® machine and has committed to a larger 120kW REV® machine to be delivered later in 2024, both allocated for the production of branded and private label snack products. The 100kW Machinery is expected to bolster BranchOut's capabilities across different product lines.