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Enwave Corp V.ENW

Alternate Symbol(s):  NWVCF

EnWave Corporation is a dehydration technology company. It has developed Radiant Energy Vacuum (REV) technology, which is a rapid, low temperature drying method. REV technology allows for drying that preserves flavor, color, and nutrients for premium snacks, meals and ingredients. REV technology enables food processors to produce products that retain nutritive value, concentrated natural flavor, bright colors, texture, and physical attributes, such as puffing. Its vacuum-microwave technology enables uniform drying with flexible moisture content unattainable with Freeze Drying or Air Drying. Its REVworx is a toll processing facility that offers vacuum-microwave contract manufacturing services. It has two commercial REV platforms: nutraREV, which is a drumbased system that dehydrates organic materials and quantaREV, a tray-based system. The Company has various applications across industries, which include food & ingredients, pharmaceuticals and cannabis & hemp.


TSXV:ENW - Post by User

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Post by Betteryear2on Feb 02, 2024 11:01am
114 Views
Post# 35859475

EnWave Signs Technology Evaluation/License Option Agreement

EnWave Signs Technology Evaluation/License Option Agreement

VANCOUVER, British Columbia, Feb. 02, 2024 (GLOBE NEWSWIRE) --

EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that it has signed a Technology Evaluation and License Option Agreement (the “Agreement”) with a North American multi-state cannabis company (the “Cannabis Cultivator”), to lease a 10kW Radiant Energy Vacuum (“REV™”) dehydration machine to evaluate the value proposition of REV™ technology over incumbent drying methods. The Cannabis Cultivator’s evaluation is expected to complete before the end of June 2024. If the evaluation is deemed successful, EnWave expects to grant a commercial license and sell REV™ equipment to the Cannabis Cultivator.

EnWave Signs Technology Evaluation and License Option (globenewswire.com)

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