Enwave Corp V.ENW

Alternate Symbol(s): NWVCF

Industrials

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.

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Enwave Corp > Why lease the (2) 10K REV’s rather then purchase?

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Post by up2005on Oct 04, 2022 11:43am

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Post# 35004189

Why lease the (2) 10K REV’s rather then purchase?

Dole has 4 machines so it is working for them. Had hoped they would step up to a larger model. I would imagine leasing the 10K REV gives DOLE more flexibility to upgrade down the road. Still good news for Brent. This has been a painful year $ 1.12 down to $ .475 but where is the bottom. Chart does not look good.

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