- EnWave (ENW) has signed a licensing agreement with Europe Snacks Group, a major European snack company
- The license grants exclusivity to Europe Snacks to produce crunchy, shelf-stable cheese as well as several vegetable snacks in France
- Europe Snacks also intends to develop and commercialize several REV-dried snacks across its European distribution network
- EnWave commercializes its Radiant Energy Vacuum technology for the precise dehydration of organic materials
- EnWave (ENW) is down by 1 per cent and is currently trading at $0.99 per share
EnWave (ENW) has signed a licensing agreement with Europe Snacks Group, a major European snack company.
The license grants exclusivity to Europe Snacks to produce crunchy, shelf-stable cheese as well as several vegetable snacks in France. Europe Snacks must meet certain minimum annual royalty and machine purchase requirements to maintain exclusivity.
Europe Snacks also intends to develop and commercialize several REV-dried snacks across its European distribution network. To this end, the company has purchased the 10 kW Radiant Energy Vacuum dehydration machine it has been using for product development since August 2020.
If Europe Snacks’ market launch of REV-dried snacks into the European market is successful, it will scale its manufacturing capabilities based on market demand.
EnWave’s REV technology creates shelf-stable, value-added dairy and vegetable products in markets spanning the globe. The company has signed 45 royalty-bearing commercial license agreements for the technology to date.
EnWave Corporation commercializes its Radiant Energy Vacuum technology for the precise dehydration of organic materials.
EnWave (ENW) is down by 1 per cent and is currently trading at $0.99 per share as of 2:09 pm ET.
