EnWave Receives Deposit from Consulting Fresh Business S.L. for Large-Scale Radiant Energy Vacuum Equipment
July 30 2019 - 9:00AM
EnWave Corporation (TSX-V:ENW | FSE:E4U)
(“EnWave”, or the “Company”) reports today that the
Company has received a non-refundable USD$100,000 deposit from
Consulting Fresh Business S.L. (“Fresh Business”) towards the
purchase of Radiant Energy Vacuum (“REV™”) machinery with a minimum
of 100kW in rated power. In April 2019, Fresh Business purchased a
small-scale commercial REV™ machine and signed an exclusive license
to use EnWave’s REV™ technology in the country of Peru for the
dehydration of numerous food materials. Fresh Business has begun
selling REV™-dried products commercially.
Fresh Business continues to put forth
significant product and market development efforts to identify
which REV™-dried applications will support the strongest long-term
business case. EnWave offers two primary REV™ machine designs –
nutraREV® and quantaREV® equipment. Each machine design offers
similar processing efficiencies, however the handling of the food
material as it passes through each respective vacuum-microwave
chamber differs. In specific cases, one platform may be more
appropriate than the other. Fresh Business intends to procure
either a 100kW nutraREV®, 120kW quantaREV® or a combination of two
60kW machines (one nutraREV® and one quantaREV®) within the 2019
calendar year to expand production capacity.
About Consulting Fresh Business
S.L.
Fresh Business employs a business model where
professionals with an advanced vision in the integration of
creativity, marketing and innovation apply their know-how to
improve their clients’ business strategy. Fresh Business is
committed to uniquely generating new business ideas that are
competitive in today’s marketplace.
Fresh Business’ positive and proactive attitude,
their desire to excel and the constant search for new challenges,
led them to expand their business, developing a new division, Fresh
Business Food & Nutrition Innovation, focused on the agri-food
industry. Fresh Business Food & Nutrition Innovation, has its
own approach to connect creativity, knowledge, technology and
marketing to create, incubate and develop innovative food
businesses with an international vocation.
For more information about Fresh Business
Consulting S.L. please visit www.freshgroup.es and
www.freshbusiness.es.
About EnWave
EnWave Corporation, a Vancouver-based advanced
technology company, has developed 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
marketable cannabis products.
REV™ technology’s commercial viability has been
demonstrated and is growing rapidly across several market verticals
in the food, and pharmaceutical sectors including legal cannabis.
EnWave’s strategy is to sign royalty-bearing commercial licenses
with industry leaders in multiple verticals for the use of REV™
technology. The company has signed over twenty royalty-bearing
licenses to date, opening up nine distinct market sectors for
commercialization of new and innovative products. In addition to
these licenses, EnWave has formed a Limited Liability Corporation,
NutraDried Food Company, LLC, to develop, manufacture, market and
sell all-natural cheese snack products in the United States under
the Moon Cheese® brand.
EnWave has introduced REV™ as the new
dehydration standard in the food and biological material sectors:
faster and cheaper than freeze drying, with better end product
quality than air drying or spray drying. EnWave currently has three
commercial REV™ platforms:
- nutraREV® which is used in the food
industry to dry food products quickly and at low-cost, while
maintaining high levels of nutrition, taste, texture and
colour;
- powderREV® which is used for the
bulk dehydration of food cultures, probiotics and fine biochemicals
such as enzymes below the freezing point, and
- quantaREV® which is used for
continuous, high-volume low-temperature drying.
An additional platform, freezeREV®, is being
developed as a new method to stabilize and dehydrate
biopharmaceuticals such as vaccines and antibodies. More
information about EnWave is available at www.enwave.net.
EnWave Corporation
Mr. Brent Charleton, CFAPresident and CEO
For further information:
Brent Charleton, CFA, President and CEO at +1
(778) 378-9616 E-mail: bcharleton@enwave.net
Dan Henriques, CPA, CA, Chief Financial Officer
at +1 (604) 835-5212 E-mail: dhenriques@enwave.net
Deborah Honig, Corporate Development at + 1
(647) 203-8793E-mail: dhonig@enwave.net
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information based on management's expectations, estimates and
projections. All statements that address expectations or
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