EnWave Receives Purchase Order for Third Small-Scale REVTM Machine from Bare Foods Co.
Vancouver, B.C., October 4, 2018
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company" - https://www.commodity-tv.net/c/search_adv/?v=297852 ) announced today that it has signed a third equipment purchase agreement (the "Agreement") with Bare Foods Co. d.b.a. Bare Snacks. The equipment purchase is governed by Bare Snacks’ existing license and royalty agreement with EnWave.
Pursuant to the Agreement, Bare Snacks has purchased a third, small commercial-scale Radiant Energy Vacuum ("REV™") machine to increase processing capacity in order to fill the increasing market demand for its REV™- dried snack products. The third equipment purchase by Bare Snacks confirms the growing commercial acceptance of EnWave’s REVTM technology in the rapidly-growing “better for you” snacking vertical of the consumer-packaged goods sector.
About Bare Foods Co. d.b.a. Bare Snacks®
Bare Snacks is the creator of delicious Snacks Gone Simple®, including bare® Apple Chips, Banana Chips, Coconut Chips, and new Beet Chips, Carrot Chips, and Sweet Potato Chips. Crafted using only real, whole-food ingredients, bare products help consumers enjoy truly good-for-you snacking any time of day. Bare Snacks is on a mission to create a snacking revolution nationwide, motivated by a founding philosophy of creating delicious snacks with simple ingredients and nothing artificial ever. To learn more, please visit www.BareSnacks.com, follow us on Twitter, Instagram, or Pinterest, or ‘Like’ us on Facebook.
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:
1. 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;
2. powderREV® which is used for the bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes below the freezing point, and
3. 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.
Mr. Brent Charleton, CFA
President and CEO
For further information:
John P.A. Budreski, Executive Chairman at +1 (416) 930-0914
Brent Charleton, CFA , President and CEO at +1 (778) 378-9616
Deborah Honig, Corporate Development at + 1 (647) 203-8793
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