Globe & Mail 11:00 AM EDT, 03/19/2021 (MT Newswires) -- EnWave Corporation (ENW.V) says that Dairy Concepts IRL has signed an Equipment Purchase Agreement to acquire a 10kW Radiant Energy Vacuum (REV) machine to be placed at Moorepark Technology Limited's (MTL) facility in Cork, Ireland.
DCI signed a royalty-bearing commercial license agreement with EnWave in Sept 2020, granting it processing rights for natural, sweet and savoury, shelf-stable, hand-held dairy snacks. To facilitate initial REV processing, DCI forged a commercial relationship with MTL. MTL provides commercial pilot plant and research services for food industry customers.
MTL previously purchased a 10kW REV machine from EnWave in September 2019 and this machine has been used commercially by DCI since last Sept. The addition of the DCI REV machine will double capacity at the MTL facility.
DCI has also agreed to purchase two additional 10kW REV machines before the end of 2021 to maintain exclusivity for the production of dried cheese and cheese-like snacks. DCI maintains the exclusive right to use REV technology in Ireland and the United Kingdom and will pay an undisclosed minimum annual royalty to EnWave during the License term.
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