|EnWave signs R&D licence deal with Moorepark|
2019-09-23 09:51 ET - News Release
Shares issued 110,723,443
ENW Close 2019-09-20 C$ 2.06
Mr. Brent Charleton reports
ENWAVE SIGNS RESEARCH AND DEVELOPMENT LICENSE AGREEMENT WITH MOOREPARK TECHNOLOGY LIMITED AND RECEIVES PURCHASE ORDER FOR REV MACHINERY
EnWave Corp. has signed a research and development licence agreement with Moorepark Technology Ltd. (MTL). MTL has also committed to purchasing a 10-kilowatt radiant energy vacuum (REV) dehydration machine to be used at its pilot plant in Cork, Ireland.
Under the agreement, MTL will use the REV machinery for research and development purposes to market EnWave's REV technology to key stakeholders in the Irish food manufacturing industry seeking to develop innovative, premium food products. The pilot plant facility will effectively serve as a proving ground for prospective future royalty partners of EnWave to evaluate the merits of REV technology. The installation of a pilot-scale REV machine at MTL's pilot plant will increase the visibility of EnWave's technology to potential new royalty partners and will serve as a location for product trials, early-stage commercial validation and technology demonstrations.
EnWave staff will collaborate closely with MTL's team to showcase REV technology to potential new royalty partners on a project-to-project basis.
About EnWave Corp.
EnWave, a Vancouver-based advanced technology company, has developed 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.