- EnWave (ENW) signs technology evaluation and license option agreement with Bridgford Foods Corporation to collaborate with the U.S. Army to produce military rations
- Bridgford currently focuses on the production of frozen and snack foods
- The CRADA allows EnWave to install a 10kW REV™ machine recently purchased by the U.S. Army
- Bridgford Foods Corporation, a California corporation, was organized in 1952
- EnWave Corporation (ENW) is in the grey and is trading at C$1.30 at 11:23 am ET
EnWave Corporation (ENW) has signed a technology evaluation and license option agreement with Bridgford Foods Corporation, a leading American food production company.
Bridgford currently focuses on the production of frozen and snack foods, with operations in California, Texas, Illinois and North Carolina.
Before signing the TELOA, Bridgford entered into a cooperative research and development agreement with the U.S. Army to develop commercially viable military ration components.
The CRADA allows EnWave to install a 10kW REV™ machine recently purchased by the U.S. Army in February 2021 at Bridgford’s in North Carolina for research and development purposes.
The TELOA grants Bridgford the option to enter into a royalty-bearing commercial license to produce REV™-dried commercial baked goods and meat products for both the U.S. Army and their broader client base.
EnWave and Bridgford will now collaborate to replicate certain close combat rations developed by the U.S. Army for field use.
Concurrently during the term of the TELOA, the U.S. Army is planning to submit a ManTech application to the U.S. Department of Defense to potentially receive funding to purchase a 60kW REV™ machine for larger-scale military ration production.
Bridgford Foods Corporation, a California corporation, was organized in 1952.
Currently, Bridgford and its subsidiaries are primarily engaged in manufacturing, marketing, and distributing an extensive line of frozen and snack food products throughout the United States.
For almost 90 years, Bridgford Foods Corporation’s mission has been to develop, produce, sell, and distribute superior quality food products that provide a consistent value to their customers.
EnWave Corporation, a Vancouver-based advanced technology company, has developed a Radiant Energy Vacuum
REV™– an innovative, proprietary method for the precise dehydration of organic materials.
EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV™ technology, shortening the time from harvest to high-quality, marketable cannabis products.
EnWave Corporation (ENW) is in the grey and is trading at C$1.30 at 11:23 am ET.