EnWave Corporation announced that SunRhize Foods, Inc. has signed a Technology Evaluation and License Option Agreement to further develop and refine novel, shelf-stable tempeh snacks following a series of successful product development trials completed at EnWave's Pilot Plant facility. During the term of the Agreement, SunRhize Foods will collaborate with EnWave's team to finalize multiple commercially viable tempeh snack formats and intends to leverage REVworxTM, EnWave's toll manufacturing division slated for commissioning in 2021. Pursuant to the Agreement, SunRhize has the right to reserve up to 15% of EnWave's REVworxTM capacity before March 31, 2021 to commercialize the tempeh snacks. The Agreement also grants SunRhize the exclusive right to license EnWave's patented Radiant Energy Vacuum ("REVTM") technology for the production of dried tempeh products in the Netherlands, Belgium and Indonesia. SunRhize will pay EnWave an undisclosed fee to reserve the exclusive license option rights and as a fee for product development support. EnWave's REVworxTM toll manufacturing division is for companies seeking third-party production to launch innovative REVTM dried products into the marketplace. This is the first large-scale REVTM processing facility in North America exclusively offering toll drying services. REVworxTM will offer flexible production capabilities, filling the growing demand for innovative consumer products made using EnWave's proprietary technology. REVworxTM will reduce the risk for companies looking to develop and launch innovative REVTM dried products into the marketplace by reducing upfront capital investment, increasing speed to market and allowing companies to launch products pragmatically to prove out the value proposition of using REVTM technology.