EnWave Receives Second Purchase Order from Ashgrove Cheese to Double Production Capacity for Amazeballs Snack Product in Aus...
September 05 2019 - 9:00AM
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the
“Company”) reports today that the Company has received a
second 10kW Radiant Energy Vacuum (“REV™”) equipment purchase order
from Ashgrove Cheese Ltd Pty (“Ashgrove”), a diversified,
family-owned Australian dairy processor based in Northern Tasmania.
In May 2017, Ashgrove secured a license from
EnWave for the exclusive right to use REV™ technology to process
dried snack cheese products for direct retail distribution in
Australia. In exchange for this exclusivity, Ashgrove has agreed to
pay EnWave a 5% royalty on the wholesale price of all REV™-dried
products sold.
Ashgrove’s successful development and launch of
their Amazeballs cheese snack product stimulated this second
purchase order. Amazeballs is the first Australian made dehydrated
cheese snack. It’s crafted from the Ashgrove Farm milk supply and
was a way for our consumers to get the protein and nutrients they
need in an easy-to-eat dairy format. Amazeballs is currently
available broadly in the Australian grocery market ecosystem in six
distinct flavours – Cheddar, Havarti, Pizza Supreme, Apple Cider
Vinegar and Chive, Sweet Chili and Sour Cream and Salted
Caramel.
About Ashgrove Cheese Pty
Ltd.
Ashgrove is one of Australia's leading
independent premium dairy brands and manufacturers. A Tasmanian
family owned business, which produces premium quality fresh milk,
cheese, cream butter and ambient snackfood. The Ashgrove Cheese
factory is located at Elizabeth Town, in the heart of the dairying
and cropping region in Northern Tasmania.
Ashgrove has received many awards for their
premium cheddar style cheeses over the years. Since 2015, Ashgrove
premium quality milk, cheese and butter has been recognized with --
1 Reserve Champion, 2 Champion, 26 Gold, 80 Silver and many other
awards in Australia.
Ashgrove's products are distributed through
specialty food stores, major retailers and supermarkets throughout
Australia, and supplied to restaurants, the food service market and
for export. For more information on Ashgrove please
visit www.ashgrovecheese.com.au.
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 innovative, disruptive companies in multiple verticals for the
use of REV™ technology. The company has signed over thirty
royalty-bearing licenses to date. In addition to these licenses,
EnWave established a Limited Liability Corporation, NutraDried Food
Company, LLC, to manufacture, market and sell all-natural dairy
snack products in the United States, including the Moon Cheese®
brand.
EnWave has introduced REV™ as a disruptive
dehydration platform in the food and cannabis sectors: faster and
cheaper than freeze drying, with better end product quality than
air drying or spray drying. EnWave currently offers two distinct
commercial REV™ platforms:
- nutraREV® which is a drum-based
system that dehydrates organic materials quickly and at low-cost,
while maintaining high levels of nutrition, taste, texture and
colour; and,
- quantaREV® which is a tray-based
system used for continuous, high-volume low-temperature
drying.
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, Chief Financial Officer at
+1 (604) 835-5212 E-mail: jbudreski@enwave.net
Deborah Honig, Corporate Development at + 1
(647) 203-8793E-mail: dhonig@enwave.net
Safe Harbour for Forward-Looking Information
Statements: This press release may contain forward-looking
information based on management's expectations, estimates and
projections. All statements that address expectations or
projections about the future, including statements about the
Company's strategy for growth, product development, market
position, expected expenditures, and the expected synergies
following the closing are forward-looking statements. All third
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A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ec9f5546-4d61-4ce6-b510-3a4f6aa3d9d4
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