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Enwave Corp V.ENW

Alternate Symbol(s):  NWVCF

EnWave Corporation is a dehydration technology company. It has developed Radiant Energy Vacuum (REV) technology, which is a rapid, low temperature drying method. REV technology allows for drying that preserves flavor, color, and nutrients for premium snacks, meals and ingredients. REV technology enables food processors to produce products that retain nutritive value, concentrated natural flavor, bright colors, texture, and physical attributes, such as puffing. Its vacuum-microwave technology enables uniform drying with flexible moisture content unattainable with Freeze Drying or Air Drying. Its REVworx is a toll processing facility that offers vacuum-microwave contract manufacturing services. It has two commercial REV platforms: nutraREV, which is a drumbased system that dehydrates organic materials and quantaREV, a tray-based system. The Company has various applications across industries, which include food & ingredients, pharmaceuticals and cannabis & hemp.


TSXV:ENW - Post by User

Post by kidl2on Jul 12, 2022 9:05am
109 Views
Post# 34817472

Dole News - 120kW

Dole News - 120kW

EnWave Signs 120kW Radiant Energy Vacuum Equipment Purchase Agreement with Dole Worldwide Food & Beverage Group

VANCOUVER, British Columbia, July 12, 2022 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) ("EnWave", or the "Company") announced today that it has signed an Equipment Purchase Agreement with Dole Worldwide Food & Beverage Group, a division of Dole Asia Holdings Pte. Ltd. ("Dole") to supply a 120kW Radiant Energy Vacuum ("REV(TM)") dehydration processing line that will materially increase Dole's vacuum-microwave processing capabilities. EnWave and Dole previously announced plans for a Global Strategic Partnership in August 2021 with the intent of jointly developing innovative nutrition solutions using fruits and vegetables.

Dole believes access to good nutrition should be like sunshine, available, affordable and accessible to all. Partnering with EnWave allows for collaboration to develop fruit and vegetable snack and ingredient innovations, together.

EnWave's REV(TM) technology provides a gentle, rapid drying solution that allows for the production of innovative, nutritious and convenient food applications while partnering with Dole in achieving its company purpose.

The strategic partnership with Dole will leverage the company's industry-leading brand alongside EnWave's patented dehydration technology to bring better-for-you snacking options to its global customer base, as part of Dole's Sunshine for All commitment. Both companies are intent on growing this partnership.

About Dole Worldwide Food & Beverages Group
Dole Food & Beverages Group, a division of Dole Asia Holdings, is a world leader in growing, sourcing, distributing, and marketing fruit and healthy snacks. Headquartered in Singapore, Dole sells a full line of packaged shelf stable fruit, frozen fruit, dried fruit, and juices. The company focuses on four pillars of sustainability in all its operations: water management, carbon footprint, soil conservation and waste reduction. For more information, please visit dolesunshine.com.


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