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From: purse9/24/2019 9:14:19 AM
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EnWave Signs Commercial License Agreement with Patatas Fritas Torres S.L. and Receives Purchase Order for REVTM Machinery

2019-09-24 09:00 ET - News Release
ENW Close 2019-09-23 C$ 2.14


VANCOUVER, British Columbia, Sept. 24, 2019 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave,” or the "Company") reports today that it has signed a royalty-bearing commercial license agreement (the “License”) with Patatas Fritas Torres S.L. (“Patatas Fritas Torres”). The License grants Patatas Fritas Torres the non-exclusive right to process a variety of premium cheese snack products in Spain. Patatas Fritas Torres has purchased a 10kW commercial Radiant Energy Vacuum (“REV™”) machine to initiate commercial production of new premium cheese snack products using EnWave’s proprietary dehydration technology.

Established in 1969, Patatas Fritas Torres started as a premium potato chip manufacturer and that tradition continues today with a wide range of innovative premium snacks and chips. Patatas Fritas Torres intends to extend its offering of premium snack products using REV™ for the local market in Spain and for export markets.

This License is the second royalty-bearing commercial license agreement signed by EnWave in Spain, the twelfth such license signed for dairy product processing worldwide and further proves the value proposition of REV™ technology as a tool to create innovative, premium food applications in the dairy industry.

About Patatas Fritas Torres S.L.

Patatas Fritas Torres is a Catalonian family business, known for its innovative and entrepreneurial approach to the development and marketing of premium snacks. Patatas Fritas Torres is committed to creating high-quality products that are healthy and tasty, high in nutritional value and that have health benefits for consumers.

Patatas Fritas Torres has received the XXI International Food and Beverage Trophy in Paris and also the XXVII International Trophy for Quality.

For more information about Patatas Fritas Torres, please visit www.patatastorres.com

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