These mini deals won't get them out of the hole EnWave Signs Commercial License Agreement with Major Colombian Dairy Company, Sells 10kW REV™ Machine for the Production of Cheese Snacks
VANCOUVER, British Columbia, July 19, 2021 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”) announced today that it has signed a Commercial License Agreement (the “License”) with a leading Colombian dairy company (the “Colombian Dairy Company”) for the production of shelf-stable dairy snacks in Colombia. The Colombian Dairy Company has also purchased a 10kW Radiant Energy Vacuum (“REV™”) machine to initiate commercial production of all-natural cheese snacks.
The License grants the Colombian Dairy Company the exclusive right to produce crunchy, shelf-stable cheese snacks in Colombia pursuant to meeting certain minimum royalty and machine purchase order requirements. These new products will complement the Colombian Dairy Company’s broad, existing portfolio of established dairy brands that are currently being sold throughout South America. The Colombian Dairy Company intends to develop and commercialize nutritious, REV™ dried dairy snacks for the Colombian grocery market and has longer term ambitions to expand distribution into Ecuador and Venezuela, among other South American markets.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e5ed4ea4-2932-4f1c-8a49-c804e797d45a