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EnWave (TSXV:ENW) signs tech evaluation & license option agreement with Wyckoff farms for premium hops drying

Consumer
TSXV:ENW
18 August 2022 09:15 (EDT)

Source: EnWave Corp.

EnWave Corp. (ENW) has signed a technology evaluation and license option agreement with Wyckoff Farms Inc.

The agreement is out to trial EnWave’s 10kW Radiant Energy Vacuum dehydration machine for the drying of premium hop products. This company has used REV drying to create dried fruit and vegetables for the past decade.

The 10kW REV machinery will be installed at Wyckoff Farms’ facility located in Grandview, Washington. During the term of the agreement, Wyckoff Farms will hold an exclusive option to license EnWave’s technology for the drying of hop products in the United States.

Wyckoff Farms is the parent company of MicroDried, a dried fruit and vegetable ingredients producer that is one of EnWave’s longest standing licensed partners of REV drying technology.

EnWave Corp. licenses its REV technology, a proprietary method for dehydrating organic materials.

EnWave (ENW) opened trading at $0.66 per share.

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