- EnWave (ENW) signs a Technology Evaluation and License Option agreement with one of the largest food service suppliers of egg products in the United States
- The supplier will lease a pilot-scale vacuum-microwave machine to facilitate in-house product development
- The focus will be on shelf-stable meals, snacks and functional ingredients
- EnWave (ENW) is a Vancouver-based, global leader in the innovation and application of vacuum microwave dehydration
- EnWave (ENW) is trading at C$0.45 as of 11:47 pm ET
EnWave (ENW) has signed a Technology Evaluation and License Option agreement with one of the largest suppliers of egg products in the U.S.
As part of the agreement, the partner supplier will lease a pilot-scale vacuum-microwave machine to facilitate in-house product development. The focus is on shelf-stable meals, snacks and functional ingredients. EnWave will collaborate with its partner to ensure best practices developed over two decades of commercial vacuum-microwave experience are used during this new product development program. The agreement also provides the partner with the right to license EnWave’s proprietary vacuum-microwave technology for the production of egg and egg-based applications.
EnWave has completed significant internal research and development to highlight the benefits of using its patented Radiant Energy Vacuum (REV) technology in several food categories. The agreement with the partner is the first that is focused primarily on egg and egg-based applications. To date, the company has signed more than fifty licenses with companies spanning twenty countries globally.
EnWave 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 that vastly outperforms traditional drying methods in efficiency, capacity, product quality, and cost.
With more than forty-five royalty-generating partners spanning twenty countries and five continents, EnWave’s licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner and getting to market faster with the company’s patented technology, licensed machinery, and expert guidance.
EnWave (ENW) is a Vancouver-based, global leader in the innovation and application of vacuum microwave dehydration.
EnWave (ENW) is trading at C$0.45 as of 11:47 pm ET.
