sells Second 10 kW REV™ Machine to Dairy Concepts IRL VANCOUVER, British Columbia, Dec. 02, 2021 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave” ("EnWave"), announced that Dairy Concepts IRL (“DCI”), an emerging leader in innovative dairy snacks, has signed an Equipment Purchase Agreement (the “Agreement”) to acquire its second 10kW Radiant Energy Vacuum (“REV™”) dehydration machine for commercial use at Moorepark Technology Limited’s (“MTL”) facility in Cork, Ireland.
DCI signed a royalty-bearing commercial license agreement (the “License”) with EnWave in September 2020, granting it processing rights for a portfolio of 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. DCI and MTL have collaborated to combine leading technology with food innovation strategy to launch new and exciting dairy-based products to the market in Europe.
MTL previously purchased a 10kW REV™ machine from EnWave in September 2019 and this machine has been used commercially by DCI since September 2020. In March 2021, EnWave sold a second 10kW REV unit to DCI to expand its manufacturing capacity at MTL, and the addition of a third 10kW REV™ machine will continue to increase production capacity at the MTL facility.
DCI will use all three of the existing REV™ machines at MTL for the production of CheeseOs™ and its premium specialty cheese brand Moorepark™.
DCI is committed to make another 10kW REV™ machine purchase in mid-2022 to maintain exclusivity for the production of dried cheese and cheese-like snacks in Ireland and the United Kingdom. Pursuant to the License, DCI will pay an undisclosed minimum annual royalty to EnWave during the License term.
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release/2021/12/02/2345135/0/en/EnWave-sells-Second-10-kW-REV-Machine-to-Dairy-Concepts-IRL-Increasing-Capacity-for-Shelf-Stable-Dairy-Snack-Production.html