NR Enzyme Producer
EnWave Initiates Transfer of Commercial-Scale powderREV® Machine to Major North American Enzyme Producer February 18, 2014 EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that the Company has initiated the transfer of a commercial-scale powderREV® machine (the “Machinery”) to the major North American enzyme producer (the “Enzyme Producer”) who signed a royalty-bearing commercial license to use Radiant Energy Vacuum (“REV™”) technology in April 2013. Prior to the initiation of the transfer, EnWave completed successful in-house dehydration trials for several enzyme solutions. EnWave will now begin installation of the machine at the Enzyme Producer’s site in preparation for initial testing to begin toward the beginning of April. Complications relating to the Enzyme Producer’s site preparation delayed the timing of the delivery and the customer verification work which needs to be completed with their established Tier 1 customers prior to commercialization. If the customer verification is successful the Enzyme Producer and EnWave have now targeted the second half of 2014 for commercial start-up of the Machinery. The Enzyme Producer is expected to produce several dehydrated enzymes used in a number of food related applications and has secured an option for another enzyme category should the technology successfully meet commercial targets. powderREV® is designed with the goal of accelerating the drying times of biomaterials below freezing, while reducing production costs and maintaining high efficacy of the end product. Within the existing License Agreement, EnWave has the right to showcase the commercial powderREV® plant to other potential licensees in the future. The Enzyme industry is a large diverse growing global market that produces applications for food products, detergents, teeth-whitening products, biofuels and other health improvement areas. The Company hopes to further penetrate this market after demonstrating initial commercial success. “The interest in our commercial-scale powderREV® technology is at an all-time high,” stated Dr. Tim Durance, Chairman & Co-CEO. “We are focused on doing everything in our power to expedite the start-up process, which when completed will allow EnWave to showcase the Machinery to other potential customers.”