RE:RE:RE:Latest Developments on ENWGreat news:
EnWave Receives
Second Machine Purchase Order From Eregli Agrosan.
The license terms for Eregli Agrosan include a requirement that, in addition to purchasing two smaller REV™ machines, Eregli Agrosan must submit a purchase order for one 100kW REV™ machine within twelve months of the start-up of the first small commercial REV™ machine. Further, the license terms also include a requirement that a second 100kW REV™ machine be purchased within three years. These multiple purchase commitments are required in order for Eregli Agrosan to retain exclusivity.
Eregli Agrosan also recently purchased a lab-scale REV™ machine for product development purposes. Their technicians and scientists have been actively developing numerous product applications at their facility in Istanbul since March 2016 and representatives from Eregli Agrosan spent a week in April at EnWave's pilot plant facilities to improve their processing know-how.
Eregli Agrosan holds the exclusive right to process a variety of fruit, vegetable and cheese products using REV™ dehydration technology in Turkey. Subject to their exclusive license, Eregli Agrosan has agreed to pay EnWave a quarterly product specific royalty based on the wholesale value of the individual product applications.