- Technology company, EnWave (TSXV:ENW) has signed an equipment purchase agreement with Japanese snack manufacturer, Calbee
- Calbee has purchased two more of EnWave’s 10 kilowatt Radiant Energy Vacuum (REV) dehydration machines, for use in Japan
- The purchase will increase Calbee’s capacity to manufacture its new snack product line, which it has developed using REV technology
- Calbee currently has the exclusive rights to commercialise EnWave’s REV technology for healthy snack production in Japan
- EnWave (ENW) is up 2.67 per cent and is trading at C$0.77 per share
Technology company, EnWave (TSXV:ENW) has signed an equipment purchase agreement with Japanese snack manufacturer, Calbee.
Calbee is one of the biggest snack food companies in Japan, with a presence in snack markets in several other countries. These include the United States, South Korea, China, Hong Kong, Thailand, Singapore, Thailand, Indonesia, Australia, and the United Kingdom.
The company manufactures and sells potato and flour-based snacks, and processed cereals. Approximately a year ago, Calbee entered into a royalty-bearing commercial license agreement with EnWave.
The snack company has now purchased two more of EnWave’s 10 kilowatt Radiant Energy Vacuum (REV) dehydration machines. Calbee will use the machines to increase its commercial manufacturing capacity for a new line of REV-based snack products.
Using REV technology, Calbee has developed a range of healthy fruit and vegetable snack products. The company intends to ramp up its efforts in this sector throughout the rest of this year, with the help of EnWave’s machines.
Calbee currently has the exclusive rights to commercialise EnWave’s REV food dehydration technology for healthy snack products and ingredients in Japan. The installation of the two extra REV machines will triple the company’s royalty-bearing production capacity in Japan.
In today’s announcement, EnWave welcomed Calbee’s agreement to purchase more of its REV machines.
“The purchase of the two additional REV machines demonstrates the commercial value of using EnWave’s proprietary technology for producing premium snack products,” the announcement said.
EnWave (ENW) is up 2.67 per cent and is trading at C$0.77 per share at 9:38am EDT.
