CD Process NR
EnWave Signs Agency Agreement with CD Process
November 5, 2013
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that it has signed an Agency Agreement (the “Agreement”) with CD Process LLC (“CD”), a North American-based technology company that addresses the ingredient processing requirements of the global food industry. This Agreement broadens EnWave’s sales network for Radiant Energy Vacuum (“REV™”) technology by partnering with a business entity comprised of several food industry veterans that have extensive technology, research & development and sales & marketing expertise. Furthermore, due to a very close working relationship with EnWave, CD’s key personnel have a high level of experience and proficiency working with REV™ technology.
CD will actively pursue commercial opportunities for REV™ technology by utilizing their existing network of food industry contacts. They also have access to nutraREV® technology to conduct product development work for a number of potential clients throughout the United States of America. The end goal of CD is to eventually establish a centralized toll processing facility, including licensed REV™ technology for specific applications, to service a number of clients in the food and nutraceutical industries. All other details of the Agreement are confidential.
“The management of CD Process is extremely qualified to work as an extension of our business development efforts,” stated Dr. Tim Durance, Chairman and Co-CEO of EnWave. “It is EnWave’s immediate goal to significantly increase its agent and sales network in order to increase the commercialization of REV™ technology in several established market sectors including meat, cheese, fruit, vegetables, enzymes and spice product areas.”
About CD Process LLC
Based in the Midwest of the United States of America, CD Process is a food processing company set up to serve the ingredient processing requirements of the food industry. With their proprietary technologies they can dehydrate and, if required, can particle size reduce food ingredients whilst retaining a high nutritional content within the ingredients. This is achieved because they can dehydrate at lower temperatures than conventional methods. Their technologies can also produce unique textures not possible through traditional methods. For more information on CD Process please visit www.cdprocess.com.