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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.
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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.
ENW ... I had forgotten about this deadline. A SH poster reminded me. 6 days to go. It would be huge in terms of machine revenue but more importantly in terms of future royalty revenue if Bonduelle commits.