Nanuva Ingredients and Dominant Slice EnWave has also expanded its commercial relationships with both Nanuva Ingredients of Chile (“Nanuva”) and Dominant Slice Lda of Portugal (“Dominant Slice”).
Nanuva is successfully building their business of selling REV™-dried fruits and vegetables to food processing companies on an international basis. Nanuva currently operates three small commercial-scale REV™ machines and is working to build demand in 2018 to justify the acquisition of a 60kW continuous REV™ installation. EnWave expanded Nanuva’s commercial royalty-bearing license to include beetroot, carrot, goldenberries, jerusalem artichoke, sweet potato, pumpkin, mandarin, orange, kiwi, mango, kale, tomato, banana, avocado powders and cranberries, to be produced in Chile on a non-exclusive basis. The additional products were added to Nanuva’s licensed product portfolio due to tangible commercial demand for these new and innovative products.
In addition to the expanded relationship with Nanuva, EnWave recently signed a non-exclusive commercial royalty-bearing license (the “License”) with Dominant Slice, granting Dominant Slice the right to use its existing REV™ machinery to produce pineapple, mango, banana, coconut and papaya fruit pieces in Portugal. Dominant Slice is subject to minimum royalty payments generated solely from the sale of REV™-dried tropical fruit products. Dominant Slice will retain the aforementioned non-exclusive right so long as the minimum royalty payments are made to the Company.