• EnWave (TSXV:ENW) has revealed it has signed a technology evaluation and license option agreement with a Michelin-star chef-led food company based in North America
  • The food company previously trialed EnWave’s radiant energy vacuum dehydration technology at its Delta, B.C.-based centre
  • The Michelin star chef-led company will rent a pilot-scale REV machine for use at its own facility to speed up the bespoke culinary creation development process
  • Shares of EnWave are down 3.45 per cent to C$0.28 as of 9:30 am ET

EnWave (TSXV:ENW) has revealed it has signed a technology evaluation and license option agreement with a Michelin-star chef-led food company based in North America.

In a news release, the Vancouver-based company stated the food company previously trialed EnWave’s radiant energy vacuum (REV) dehydration technology at its Delta, B.C.-based centre.

As the entities enter into the next phase of testing, the food company will rent a pilot-scale REV machine for use at its facility. The company said the rental period for the pilot-scale REV machinery is for a minimum of three months.

This will enable the expedition of bespoke culinary creations that fall in line with the Michelin-star chef-owner.

If successful, EnWave could potentially support larger-scale production of REV-dried products for the food company at its REVworx toll drying facility.

EnWave could also potentially assist with the co-manufacturing relationship with another licensed royalty partner within EnWave’s network.

EnWave is focused on the application of vacuum microwave dehydration and has notably developed an intellectual property portfolio, including its REV technology.

The company has more than 50 royalty-generating partners across 23 countries and five continents.

Shares of EnWave Corp. (TSXV:ENW) are down 3.45 per cent to C$0.28 as of 9:30 am ET.

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