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EnWave Signs Additional License with MicroDried® to Expand Product Portfolio and Sells Three Radiant Energy Vacuum Machines
VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) -- EnWave Signs Additional Lice...
About this update from Enwave Corporation
[{"type":"text","content":"EnWave Signs Additional License with MicroDried® to Expand Product Portfolio and Sells Three Radiant Energy Vacuum Machines\n\n\n\n VANCOUVER, British Columbia, July 03, 2025 (GLOBE NEWSWIRE) --\n \n\n\n\n EnWave Signs Additional License with MicroDried® to\n \n\n\n Expand Product Portfolio and Sells Three\n \n\n\n Radiant Energy Vacuum Machines\n \n\n\n Vancouver, B.C., July 3\n \n rd\n \n , 2025\n \n\n\n EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the \"Company\")\n \n announced today that it has signed an additional royalty-bearing commercial license agreement (the “License Agreement”) and executed equipment purchase agreements for two 10kW and one 60kW Radiant Energy Vacuum (“REV™”) machines (the “Purchase Agreements”) with MicroDried®, the Company’s longest-standing royalty partner.\n \n\n Under the License Agreement, MicroDried® gains exclusive rights to use EnWave’s REV™ dehydration technology to produce mochi and Greek yogurt products in North America. The License Agreement also includes the right to manufacture additional dairy applications, such as shredded cheese and cheesecake. In exchange for these expanded rights, MicroDried® has agreed to pay incremental minimum annual royalties in addition to the existing royalty obligations under its fruit and vegetable license.\n \n\n MicroDried®, a leading U.S.-based producer of premium fruit and vegetable ingredients, is now expanding its portfolio to include clean-label, nutrient-dense dairy and mochi ingredients for top global food brands. This expansion strengthens MicroDried®’s position as a key supplier to many of the world’s largest consumer packaged goods companies.\n \n\n MicroDried® currently operates three large-scale vacuum-microwave drying lines in Nampa, Idaho, focused on fruit and vegetable snack and ingredient production. As part of its growth strategy, MicroDried® is opening a state-of-the-art dairy processing facility in Washington State (the “Dairy Facility”). One of the newly purchased 10kW REV™ units, along with the 60kW machine purchased in April 2025 and the additional 60kW machine purchased today, will be installed at the Dairy Facility. The second 10kW REV™ machin...