EnWave Signs Commercial License Agreement with Kameya Foods and Receives Purchase Order for REV™ Machinery
September 09 2019 - 8:00AM
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the
"Company") reported today that it has signed a
royalty-bearing commercial license agreement (the “License”) with
Kameya Foods Corporation (“Kameya Foods”). Established in 1947,
Kameya Foods started as a Japanese pickle manufacturing company in
Shinshuku, Shimizu-cho. Situated in an agriculturally diverse
environment, it has access to a variety of local, high-quality raw
materials, which include some of Japan’s best-quality wasabi grown
at the edge of Mt. Amagi, fresh vegetables and seafood from Suruga
Bay. Under the terms of the License, Kameya Foods purchased a 10kW
commercial Radiant Energy Vacuum (“REV™”) machine to initiate
commercial production in Japan.
The License grants Kameya Foods the
non-exclusive right to process a variety of premium seafood and
fruit products, and the exclusive right to process wasabi, tofu and
tea products in Japan. REV™ technology is a proven method to create
healthy, premium fruit, vegetable and seafood products that can be
sold as ingredients or as retail consumer products.
This License is the second signed by EnWave in
Japan and further proves the value proposition of REV™ technology
as a tool to create innovative, premium food applications.
About Kameya Foods
Corporation
Kameya Foods takes an innovative view on new
technology and employs a business model where professionals with an
advanced vision in the integration of creativity and marketing
apply their know-how to bring new premium products to the
market. Kameya Foods is committed to generating unique new
business ideas that are competitive in today’s marketplace.
Kameya Foods’ innovative and proactive culture,
its desire to excel and the constant search for new product
opportunities has led it to expand its business using technology.
The truly authentic taste, creativity and knowledge has enabled
Kameya Foods to produce exceptional products for global
markets.
For more information about Kameya Foods, please
visit www.kameya-foods.co.jp/en
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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information based on management's expectations, estimates and
projections. All statements that address expectations or
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