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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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Post by retiredcfon Aug 03, 2021 10:53am
259 Views
Post# 33642169

Globe & Mail

Globe & Mail

10:12 AM EDT, 08/03/2021 (MT Newswires) -- EnWave Corporation (ENW.V), a Vancouver-based advanced technology company, over the holiday weekend said it has filed a lawsuit in the Supreme Court of British Columbia against several defendants, including Timothy Durance, three other former EnWave employees Gary Sandberg, Bino Anand and Reihaneh Noorbakhsh and three companies associated with Durance, including Dehydration Research, LLC and Durance Technologies, Inc.

EnWave is also pursuing claims against Primo Fabrication LLC, BC Hop Company Ltd., Dwayne Stewart, who is BC Hop Company Ltd.'s President, several companies doing business as Peregrine Precision Systems and Sean McLean, who is a principal of Peregrine Precision Systems.

Durance was EnWave's CEO from 1999 until his departure from the company in August 2018.

In its Notice of Civil Claim, EnWave alleges that Durance and other defendants associated with him have used and disclosed the company's confidential information. The Notice of Civil Claim seeks damages, an accounting of profits and injunctive relief.

Price: 1.00, Change: +0.03, Percent Change: +3.09

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