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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Comment by 4uon Nov 15, 2010 10:38am

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Post# 17706570

RE: new collaboration agreement

Enwave managment promised more big signing were in the pipleline after Nestle came on board and they have delivered, although I believe some of the recent share price movement was baked into this announcement.
Enwave, you are cleared for takeoff.

EnWave Signs Collaboration Agreement with Grupo Bimbo SA

VANCOUVER, BRITISH COLUMBIA, Nov 15, 2010 (MARKETWIRE via COMTEX News Network) --

EnWave Corporation (TSX VENTURE: ENW)(FRANKFURT: E4U) ("EnWave" or "the Company") today announced that the Company has signed a Collaboration Agreement ("the Agreement" or "the Collaboration") with the world's largest producer of baked goods, and one of the largest global food companies, Grupo Bimbo SA ("Grupo Bimbo") based in Mexico City, Mexico. The Collaboration will focus on the development and testing of certain food products using EnWave's nutraREV(TM) dehydration technology. Terms of the Agreement are confidential.

"This is potentially a major step forward in EnWave's strategy for the world-wide introduction of nutraDried(TM) food products," stated EnWave Chairman and Co-CEO, Dr. Tim Durance. "We have had a tremendous degree of interest from global food producers in our high-speed, low-cost dehydration technology, and this agreement with Grupo Bimbo represents our first collaboration with a Latin American-based company."

With 2009 revenues of just under USD$9 billion, over 100,000 employees, and nearly 100 manufacturing facilities around the world, Grupo Bimbo is currently ranked among the largest food corporations in the world. With the 2009 acquisition of the Weston Foods Inc. fresh bakery business in the United States, and the recent announcement of the acquisition of the Sara Lee U.S. bakery business, Grupo Bimbo is also the world's largest bread manufacturer. Grupo Bimbo currently markets over 7,000 products under more than 150 different brands in Latin America, United States and China, with names including Oroweat, Bimbo, Entenmann's, Boboli, and Thomas'. Grupo Bimbo's distribution network comprises over 40,000 supply routes and 1.8 million points of sale.

About Grupo Bimbo SA

Established in Mexico in 1945, Grupo Bimbo is now one of the most important baking companies in brand and trademark positioning, sales, and production volume around the world. In Mexico and Latin America it is an undisputed leader in its field. Grupo Bimbo has been traded on the Mexican Stock Exchange (Bolsa Mexicana de Valores) since 1980 under the ticker symbol BIMBO. Grupo Bimbo comprises six divisions and a corporate department that operates companies throughout the baking and snack food industry. For more information about Grupo Bimbo, access their website at: https://www.grupobimbo.com.mx/index.php.

Dr. Tim Durance, Chairman & Co-CEO

Contacts:
EnWave Corporation
Mr. John McNicol

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