- EnWave (ENW) has signed a technology evaluation and license option agreement with a major North American meat snack company
- The agreement provides the meat snack company with the right to develop and market test several innovative meat snack iterations in the U.S.
- Market tests are planned for 2023
- EnWave (ENW) opened trading at $0.50 per share
EnWave (ENW) has signed a technology evaluation and license option agreement with a major North American meat snack company.
EnWave has previously worked closely with the company. The agreement provides the meat snack company with the right to develop and market test several innovative meat snack iterations in the U.S.
Under the agreement, EnWave will lease a 10kW Radiant Energy Vacuum (REV) machine for the meat snack company’s use. Prior to entering into the agreement, the meat snack company collaborated with EnWave to refine product concepts at its innovation centre in Vancouver, Canada.
Market tests are planned for 2023. If successful, EnWave expects the meat snack company to need large-scale REV machinery to meet its forecasted production capacity.
EnWave Corp. licenses its REV technology, a proprietary method for dehydrating organic materials. It has developed a robust intellectual property portfolio, perfected its REV technology, and transformed an innovative idea into a proven, consistent, and scalable drying solution for the food, pharmaceutical and cannabis industries.
The company’s products vastly outperform traditional drying methods in efficiency, capacity, product quality, and cost. It has more than forty-five royalty-generating partners spanning twenty countries and five continents.
EnWave (ENW) opened trading at $0.50 per share.
