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Bullboard - Stock Discussion Forum 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... see more

TSXV:ENW - Post Discussion

Enwave Corp > Dole News - 120kW
View:
Post by kidl2 on Jul 12, 2022 9:05am

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.

Comment by JYBJYB on Jul 12, 2022 12:28pm
Validation of the technology, the process and Enwaves equipment. Next to come is the US military, MSOs, and a win in court.
Comment by Ciao on Jul 12, 2022 1:37pm
We had some smaller global / national food companies use ENW's tech, now we have one of the largest global food companies well known to NA investor's put it's rubber stamp on the technology. Market sentiment is poor now and this news may be glossed over, but the fundamentals of the company have greatly changed. And yes, a U.S. military purchase of a large commercial scale unit should ...more  
Comment by up2005 on Jul 12, 2022 2:15pm
The US Military contract would be game changing. The company has been working on these new rationing meals for what seems like years. The Dole contract is massive, yes it validates the REV technology and with the recent global machine installations we are becoming a true going concern. With sales and leases of REV and the royalty stream EnWave is generating investor dollars will move our way ...more  
Comment by JYBJYB on Jul 12, 2022 4:34pm
Once this technology (finally) hooks,  $2.40 is conservative.   Cash flow = upslisting = good times for us.  One step at a time of course.  IMO These increased cash flows from the 5 recent deals help support the present valuation during this "multiple" compression  we are currently going through. This holds the trendline.  The aggregate goes up from ...more  
Comment by JYBJYB on Jul 12, 2022 4:36pm
Uplisting lol.  2 beers after work and I type how I'm speaking. (Upslisting)
Comment by up2005 on Jul 12, 2022 6:10pm
We need to see the next two financial qtr's and I am sure the increased revenue will increase the sp. Did the company do a buy-back last year? Re-stating, if EnWave can secure the USA Military rations contract ... TO THE MOON we will go. GLTA 
Comment by JYBJYB on Jul 12, 2022 8:29pm
The company had been doing buybacks (a modest amount) up until lately.  They decided to divert their additional cash to prebuilding a large machine, expediting the installation process upon sale.  Looks like that was a good idea.
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