RE:RE:Again some good news.. The License grants Ultima the exclusive right to use EnWave's Radiant Energy Vacuum ("REV™") technology to process yogurt products in Canada. In exchange for this exclusivity, Ultima has agreed to pay EnWave an undisclosed royalty on the wholesale price of all REV™-dried products sold. Ultima has also agreed to purchase a small commercial REV™ machine to enable a focused market trial in early 2018. Subject to maintaining the exclusivity of the License, Ultima is required to order a larger, continuous REV™ machine before the end of 2018. All other terms of the agreement are confidential.
This is EnWave's twenty-second commercial royalty-bearing license and the first for yogurt products.
The results come tomorrow, wonder if they are already in line with the expectation with all the devices already in operation. And more will follow…..