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Enwave Corp V.ENW

Alternate Symbol(s):  NWVCF

Industrials
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

Enwave Corp
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Post by WallaceWilliamon May 05, 2016 2:49am
142 Views
Post# 24843247

Release of $1,020,000 Restricted Cash Collateral

Release of $1,020,000 Restricted Cash Collateral

These funds were held as a portion of the collateral in support of a project-related, EUR844,000 letter of credit ("LOC") issued to a customer of EnWave's former subsidiary, Hans Binder Maschinenbau GmbH.

EnWave, with the assistance of Binder Dehydration GmbH, is working to recover its remaining restricted cash. This recovery is conditioned upon the final completion of a single past project of Hans Binder Maschinenbau GmbH and is expected to reach final completion in 2016
Bullboard Posts
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