Excellent NewsEnWave Signs Research and Development License Agreement with Cornell University, Receives Purchase Order for Small-Scale REVTM Machine for Cornell’s Center of Excellence VANCOUVER, British Columbia, Nov. 07, 2018 (GLOBE NEWSWIRE) --
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that it has signed a Research and Development License Agreement (the "Agreement") with the College of Agriculture and Life Sciences at Cornell University (CALS). CALS has also committed to purchasing a 10kW Radiant Energy Vacuum (“REV™”) dehydration machine to be used at its New York Center of Excellence in Food and Agriculture located in upstate New York.
Under the Agreement, Cornell will use the REV™ machinery for research and development purposes to propagate the REV™ technology with key stakeholders in the food manufacturing industry throughout New York State and beyond to help develop innovative, premium food applications. The Center for Excellence will effectively serve as a proving ground for prospective future royalty partners of the Company to evaluate the merits of REV™ technology. The installation of a pilot-scale REV
TM machine at Cornell’s Food Venture Center pilot plant will increase the visibility of EnWave’s technology to potential new royalty partners, and will serve as a location for product trials and demonstrations.
EnWave personnel will collaborate closely with Cornell’s renowned food science department to showcase the REV
TM technology to potential new royalty partners on a project-to-project basis.
About Cornell University’s Center of Excellence in Food and Agriculture The Center for Excellence serves as a hub to connect New York businesses with services they need for success by linking them with world-class Cornell researchers, farmers, processors, businesses and consumers. It pulls together multiple partners to accelerate business development and leverage high technology.
New York state’s food manufacturing sector is the nation’s second largest, behind only California in the number of food-related businesses, according to the U.S. Department of Agriculture. New York ranks in the top 10 in production of 30 commodities. It is the second-largest producer of apples, snap beans and maple syrup, third in cabbage, grapes and dairy – the largest segment of the state’s agricultural sector – and fourth in pears, according to the New York State Department of Agriculture and Markets.
In partnership with the Cornell Agriculture and Technology Park in Geneva, the Center for Excellence has an incubator program for startups that provides entrepreneurship training, business mentorship and space. Through a mentor network, participants connect with distributors and marketers, potential partners, co-packing and manufacturing facilities and other existing resources.
The Center for Excellence assists in bringing technical products to market, expanding technology-related business and employment, and encouraging private-sector investment in emerging high-tech fields, such as REV™ technology. In addition, helps to commercialize Cornell food and agriculture-related innovations, inventions and intellectual property.
For more information, please visit
https://foodscience.cals.cornell.edu/.