- EnWave has announced the sale of its 60-kilowatt Radiant Energy Vacuum (REV) machine to BranchOut Food, an Oregon-based company that produces healthy avocado and fruit snacks and ingredients
- With the addition of the large-scale 60kW REV machine, BranchOut will be able to scale-up manufacturing to meet growing demand
- EnWave also signed a new royalty-bearing commercial license agreement with BranchOut in which BranchOut will pay a royalty to EnWave for all products sold that are manufactured using REV technology
- EnWave is an advanced technology company whose aim is to develop the Radiant Energy Vacuum technology, an innovative, proprietary method for the precise dehydration of organic materials.
- EnWave Corp. (ENW) is down 1.42 per cent, trading at $1.39 per share
EnWave has announced the sale of its 60-kilowatt Radiant Energy Vacuum (REV) machine to BranchOut Food.
BranchOut Food is an Oregon-based company that produces healthy avocado and fruit snacks and ingredients.
EnWave developed its Radiant Energy Vacuum technology as an innovative, proprietary method for the precise dehydration of organic materials. The machine can be used to produce shelf-stable fruit and vegetable products that are among the best in nutritional value, taste, texture, and colour.
BranchOut markets a lineup of clean-label, “better-for-you” snacks and ingredients made using REV technology and has recently confirmed new distribution with U.S. retailers including Costco, Sam’s Club and Walmart.
With the addition of a large-scale 60kW REV machine, BranchOut will be able to scale up manufacturing to meet growing demand.
EnWave also signed a new royalty-bearing commercial license agreement with BranchOut. According to the agreement, BranchOut will pay a royalty to EnWave for all products sold that are manufactured using REV technology.
The company has now signed 44 royalty-bearing commercial license agreements with companies that are bringing innovative new products to market using EnWave’s patented technology.
EnWave is an advanced technology company whose aim is to develop the Radiant Energy Vacuum technology.
EnWave Corp. (ENW) is down 1.42 per cent, trading at $1.39 per share as of 11:02 am ET.