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Enwave Corp NWVCF


Primary Symbol: V.ENW

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

Post by kidl2on Jul 12, 2022 9:05am
149 Views
Post# 34817472

Dole News - 120kW

Dole News - 120kW

EnWave Signs 120kW Radiant Energy Vacuum Equipment Purchase Agreement with Dole Worldwide Food & Beverage Group

VANCOUVER, British Columbia, July 12, 2022 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) ("EnWave", or the "Company") announced today that it has signed an Equipment Purchase Agreement with Dole Worldwide Food & Beverage Group, a division of Dole Asia Holdings Pte. Ltd. ("Dole") to supply a 120kW Radiant Energy Vacuum ("REV(TM)") dehydration processing line that will materially increase Dole's vacuum-microwave processing capabilities. EnWave and Dole previously announced plans for a Global Strategic Partnership in August 2021 with the intent of jointly developing innovative nutrition solutions using fruits and vegetables.

Dole believes access to good nutrition should be like sunshine, available, affordable and accessible to all. Partnering with EnWave allows for collaboration to develop fruit and vegetable snack and ingredient innovations, together.

EnWave's REV(TM) technology provides a gentle, rapid drying solution that allows for the production of innovative, nutritious and convenient food applications while partnering with Dole in achieving its company purpose.

The strategic partnership with Dole will leverage the company's industry-leading brand alongside EnWave's patented dehydration technology to bring better-for-you snacking options to its global customer base, as part of Dole's Sunshine for All commitment. Both companies are intent on growing this partnership.

About Dole Worldwide Food & Beverages Group
Dole Food & Beverages Group, a division of Dole Asia Holdings, is a world leader in growing, sourcing, distributing, and marketing fruit and healthy snacks. Headquartered in Singapore, Dole sells a full line of packaged shelf stable fruit, frozen fruit, dried fruit, and juices. The company focuses on four pillars of sustainability in all its operations: water management, carbon footprint, soil conservation and waste reduction. For more information, please visit dolesunshine.com.


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