EnWave Receives Purchase Order for Large-Scale 100kW nutraREV® Processing Line from Fresh Business Peru
December 31 2019 - 9:00AM
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the
"Company") reports today that it has signed an Equipment
Purchase Agreement (the “Agreement”) for the delivery of a 100kW
nutraREV® processing line to Consulting FB Tech and Apps S.L.
(“Fresh Business”) in Peru. The Agreement marks the scale-up of
Fresh Business’ commercial operations in Peru, where it sources
premium, highly nutritious fruit and vegetable products to be dried
using EnWave’s Radiant Energy Vacuum (“REVTM”) technology for
export to international markets.
EnWave and Fresh Business signed a
royalty-bearing commercial license agreement (the “License”) in
April 2019, whereby EnWave granted Fresh Business the exclusive
rights to produce a variety of premium dried food products using
REV™ technology in Peru. Fresh Business purchased a 10kW REVTM
machine upon signing the License. With the addition of a 100kW
nutraREV® machine, Fresh Business will substantially increase its
royalty-bearing production capacity.
Fresh Business is poised to take advantage of
the diverse, locally grown agricultural products of Peru while
utilizing EnWave’s proprietary REV™ technology to create
value-added commercial applications for export internationally.
REV™ technology is a low-temperature, fast method of removing water
from organic materials in a homogeneous manner. It is a proven
method to create healthy, premium fruit and vegetable products that
can be sold as ingredients or as retail consumer products.
Installation and commissioning of the 100kW nutraREV® processing
line is targeted for the summer of 2020.
About Fresh Business
Fresh Business is backed by a team of
professionals with deep experience in the agri-food industry. With
access to high-value raw materials sourced locally in Peru, Fresh
Business is building a robust export business of premium, dried
fruits and vegetables from South America to western markets. Fresh
Business processes low-cost fruit and vegetable raw materials at
source in Peru that are turned into premium products for
export.
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 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 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, CFO 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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