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(AUDIO ENCLOSED) EnWave Successfully Commercializes nutraREV Food Dehydration Technology
(via Thenewswire.ca)
About this update from Enwave Corporation
[{"type":"text","content":"(AUDIO ENCLOSED) EnWave Successfully Commercializes nutraREV Food Dehydration Technology\n\n(via Thenewswire.ca)\nInnovative B.C. Technology Promises to Revolutionize Food Processing Industry\n\nVancouver, B.C., March 02, 2009\n\nEnWave Corporation (TSX-V: ENW) (\"EnWave\" or \"the Company\") today announced that it has completed the first sale of its continuous nutraREV™ food dehydration equipment to CAL-SAN Enterprises, Ltd. of Richmond, B.C. (\"CAL-SAN\"), one of B.C.'s largest blueberry producers. With this sale, EnWave has proven that it can produce shelf-stable, \"puffed\" blueberries on a commercial scale over a full operating shift. CAL-SAN has now completed the purchase of this technology, and has entered into a licencing and royalty agreement with EnWave.\n\nThe terms of this agreement include a license providing EnWave with a royalty of up to ten per cent of CAL-SAN's gross revenues from the sale of dried food products processed using the nutraREV™ technology. EnWave expects that future sales of this equipment will range in price between USD$800,000 and USD$1M. The agreement also provides a number of exclusivity provisions for CAL-SAN in the North American dried blueberry market. The sale of this nutraREV™ technology provides EnWave with its first commercial revenues and royalty stream, and the Company now plans to develop its food technology division further in order to build on this market opportunity.\n\n[For photojournalists and media photos and company information relevant to this story are available at the following link:\n\nhttp://www.enwave.net/index.php?content=coverage]\n\n[To hear EnWave Co-CEO John McNicol discuss the importance to EnWave of the sale of this technology, click on the following link:\n\nhttp://www.enwave.net/audio/feb09_interview.mp3]\n\nnutraREV™ technology will compete directly with the current industry standard in food dehydration, freeze drying, and is designed to require approximately one-third of the energy of freeze drying with one-sixth the capital cost. nutraREV™ also dries food in minutes or hours rather than days. Based on EnWave's pre-commercial test results with a wide variety of fruits, vegetables and herbs, nutraREV™-dried products also retain excellent colour, flavour and texture, with similar nutrients and shelf-life to freeze drying...