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Enwave Corp V.ENW

Alternate Symbol(s):  NWVCF

EnWave Corporation is an applied dehydration technology company. The Company’s principal business is the licensing of its intellectual property through royalty-bearing agreements and the design, construction, marketing, and sales of vacuum-microwave dehydration machinery for the food, cannabis and biomaterial industries. It has entered into 54 royalty-bearing commercial licenses with and sold REV equipment to a diverse portfolio of companies operating in over 23 different countries on five continents. It also operates REVworx, a toll processing facility located in Delta, British Columbia that offers vacuum-microwave contract manufacturing services. The REVworx facility houses both a batch 10 kilowatt (kW) and 60 kW continuous vacuum-microwave line to accelerate the commercialization of products made with the Company’s patented technology. The Company has two primary commercial scale technologies, nutraREV, a drum-based system, and quantaREV, a tray-based system.


TSXV:ENW - Post by User

Bullboard Posts
Post by 4uon May 16, 2011 8:18am
248 Views
Post# 18580451

NR Agreement with Milne Fruit Products

NR Agreement with Milne Fruit ProductsEnWave Signs Commercial Agreement with Milne Fruit Products Inc.

VANCOUVER, BRITISH COLUMBIA, May 16, 2011 (MARKETWIRE via COMTEX News Network) --

EnWave Corporation (TSX VENTURE: ENW)(FRANKFURT: E4U) ("EnWave", or the "Company") today announced that it has signed a commercial license agreement ("the Agreement") with Milne Fruit Products Inc. ("Milne Fruit"), a leading American fruit processor, to supply Radiant Energy Vacuum ("REV") technology for the dehydration of a variety of specified fruit products. The Agreement includes a provision for royalty payments on nutraDried(TM) fruit products produced using EnWave's technology. A MIVAP(TM) dehydrator has been purchased for its new plant.

"This agreement represents a further step forward in the commercial introduction of EnWave's proprietary dehydration technology into the North American food processing sector," said Dr. Tim Durance, Co-CEO, EnWave Corporation. "Milne Fruit supplies fruit products to some of North America's largest food companies, and they are well known for the quality of their products."

EnWave's dehydration technologies for food include nutraREV(TM), MIVAP(TM) and quantaREV(TM), with each employing a combination of vacuum and microwave energy to deliver a high-speed, low-temperature food dehydration process. The technologies can be used to dry a wide variety of fruit, vegetables, herbs, meats and seafood at, or below, 37 degrees C (98 degrees F) in order to maintain high levels of nutrition, flavour, colour and texture. nutraREV(TM) is being introduced globally as an alternative technology to freeze drying and air drying for the development of nutraDried(TM) snack foods, baked goods and ingredients.

About Milne Fruit Products Inc.

Located in Prosser, Washington, Milne Fruit was started in 1956 as a quality processor and purveyor of fruit-based ingredients. Milne Fruit supplies a diverse offering of fruit purees, juices, concentrates, extracts, powders and mixes to the North American food processing sector. More information about the company is available at: https://www.milnefruit.com.

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