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Enwave Corp V.ENW

Alternate Symbol(s):  NWVCF

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

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Comment by kidl2on Jan 30, 2019 11:45am
101 Views
Post# 29296403

RE:Sublicense for Your Wasabi Farms

RE:Sublicense for Your Wasabi FarmsLooks like Your Wasabi Farms (Merom Farms?) has been a ENW partner since 2014 when they bought a 20kW machine. Maybe their Wasabi plans didnt work out according to schedule and this is a way to put underutilized equipment to work ... ??? https://smallcaps.us/enwave-royalty-partner-opens-rev-dried-wasabi-market/ EnWave grants REV license to Your Wasabi Farms 2019-01-30 09:23 ET - News Release Mr. Brent Charleton reports ENWAVE SIGNS A COMMERCIAL ROYALTY-BEARING SUBLICENSE FOR YOUR WASABI FARMS TO DRY INDUSTRIAL HEMP IN CANADA EnWave Corp. has signed a royalty-bearing commercial sublicence with Your Wasabi Farms Ltd. (YWF), an existing royalty partner of EnWave. The Agreement grants YWF the right to use the Company's proprietary Radiant Energy Vacuum ("REV") dehydration technology to dry cannabis plant material, enabling YWF to dry industrial hemp in Canada. The Agreement represents a new alternative for the deployment of EnWave's REV technology as Your Wasabi Farms will act as a toll processor, providing smaller licensed independent industrial hemp growers and large industrial hemp growers with capacity limitations with the ability to access EnWave's, proprietary drying technology. YWF will utilize its installed REV equipment to initiate commercial toll-processing under the Agreement. The Agreement enables YWF to expand its use of the EnWave equipment to dry industrial hemp, and marks EnWave's second sub-license agreement for the commercial use of its proprietary REV technology within this rapidly growing global market. EnWave's strategy is to commercialize its proprietary REVTM technology globally under its licensing and royalty business model.
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