Enwave Corp NWVCF

Primary Symbol: V.ENW

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

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Post by Betteryear2on Jul 23, 2024 10:05am

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EnWave Signs Commercial License with Royalty Partner

VANCOUVER, British Columbia, July 23, 2024 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that it has signed a commercial license (the “License”) with an existing royalty partner (the “Royalty Partner”), who sells a broad portfolio of fruit and vegetable products globally. The License grants the Royalty Partner with the right to use EnWave’s proprietary vacuum-microwave dehydration technology in an unspecified Central American country (the “Region”) for the production of several tropical fruit products. In exchange for the rights granted in the License, the Royalty Partner will pay EnWave a six-figure annual fee (the “Fee”). If the Royalty Partner elects to purchase large-scale Radiant Energy Vacuum (“REV™”) drying technology for use in the Region, royalties will then be paid to EnWave rather than future annual Fees.

EnWave Signs Commercial License with Royalty Partner for (globenewswire.com)

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