Tour down-under? ENWAVE SIGNS TECHNOLOGY EVALUATION AND LICENSE OPTION AGREEMENT WITH MAJOR AUSTRALASIAN DAIRY PROCESSOR
Return to Articles May 9th 17, 03:00
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announces today that it has signed a Technology Evaluation and License Option Agreement (the “TELOA”) with a major Australasian dairy processor (the “Research Partner”) to explore the potential for dried dairy applications processed by the Company’s patented Radiant Energy Vacuum (“REV™”) dehydration technology. The Research Partner will have the exclusive option to license the use of REV™ technology for the production of dairy products within an agreed Australasian territory for a period of six months.
EnWave has entered into TELOA agreements with several leading dairy processors in the United States, Canada, Mexico, Australia and Europe. Thus far, the Company has signed nine commercial royalty-bearing licenses with dairy processing companies located in Canada, the United States, Portugal, Spain, Turkey, Greece, Costa Rica, Australia and Chile.