EnWave Agrees to Lease Two Additional 10kW REV™ Machines to Dole Worldwide Food & Beverages Group to Support Partnership
October 04 2022 - 9:00AM
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the
"Company") announces that Dole Worldwide Food &
Beverages Group, a division of Dole Asia Holdings Pte. Ltd.
(“Dole”), has leased two additional 10kW Radiant Energy Vacuum
(“REV™”) dehydration machines from EnWave. EnWave and Dole
previously announced plans for a Global Strategic Partnership in
August 2021, and the addition of a third and fourth REV™ machine
will further support this strategic initiative.
About EnWave EnWave
is a global leader in the innovation and application of vacuum
microwave dehydration. From its headquarters in Vancouver, BC,
EnWave has developed a robust intellectual property portfolio,
perfected its Radiant Energy Vacuum (REV™) technology, and
transformed an innovative idea into a proven, consistent, and
scalable drying solution for the food, pharmaceutical and cannabis
industries that vastly outperforms traditional drying methods in
efficiency, capacity, product quality, and cost. With
more than forty-five royalty-generating partners spanning twenty
countries and five continents, EnWave’s licensed partners are
creating profitable, never-before-seen snacks and ingredients,
improving the quality and consistency of their existing offerings,
running leaner and getting to market faster with the company’s
patented technology, licensed machinery, and expert
guidance.
In addition, EnWave established a Limited Liability Corporation,
NutraDried Food Company, LLC, to manufacture, market and sell
REV-dried snack products within North America, including the
popular Moon Cheese® brand, and serve as a co-manufacturer for
third parties.
EnWave’s strategy is to sign royalty-bearing commercial licenses
with food and cannabis producers who want to dry better, faster and
more economical than freeze drying, rack drying and air drying, and
enjoy the following benefits:
- Food and ingredients companies can produce exciting new
products, reach optimal moisture levels up to seven times faster,
and improve product taste, texture, color and nutritional
value.
- Cannabis producers can dry four to six times faster, retain 20%
more terpenes and 25% more cannabinoids, and achieve at least a
3-log reduction in crop-destroying microbes.
Learn more at EnWave.net.
EnWave Corporation Mr.
Brent Charleton, CFA President 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
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-party claims referred to in this release are not guaranteed
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to identify important factors that could cause actual results to
differ materially, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no
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results and future events could differ materially from those
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place undue reliance on forward-looking statements.
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