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EnWave (TSXV:ENW) signs equipment purchase agreement to deliver 60kW vacuum-microwave machinery to current royalty partner

Industrial
TSXV:ENW
13 September 2022 13:30 (EDT)

Source: EnWave Corp.

EnWave (ENW) has signed an equipment purchase agreement to commission a 60kW Radiant Energy Vacuum (REV) dehydration machine in Asia.

This large-scale, continuous vacuum-microwave dehydration machinery will significantly increase the royalty partner’s commercial REV manufacturing capacity.

The royalty partner has successfully developed several healthy snack products using REV technology. It will continue to focus on commercializing new premium fruit and vegetable snack products that are healthier for the consumer than other snack products.

The company expects to install the 60kW REV machine in the first half of 2023.

EnWave is a global leader in the innovation and application of vacuum microwave dehydration. It has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (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 Corp. (ENW) is down 3.85 per cent, trading at C$0.50 per share at 1:14 pm ET.


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