Business
EnWave Successfully Commercializes nutraREV(TM) Food Dehydration Technology
Innovative B.C. Technology Promises to Revolutionize Food Processing Industry VANCOUVER, March 2 ...
About this update from Enwave Corporation
[{"type":"text","content":"\n\n\n\nInnovative B.C. Technology Promises to Revolutionize Food Processing\nIndustry\n\n\nVANCOUVER, March 2 /CNW/ - EnWave Corporation (TSX-V: ENW) ("EnWave" or\n"the Company") today announced that it has completed the first sale of its\ncontinuous nutraREV(TM) food dehydration equipment to CAL-SAN Enterprises,\nLtd. of Richmond, B.C. ("CAL-SAN"), one of B.C.'s largest blueberry producers.\nWith this sale, EnWave has proven that it can produce shelf-stable, "puffed"\nblueberries on a commercial scale over a full operating shift. CAL-SAN has now\ncompleted the purchase of this technology, and has entered into a licencing\nand royalty agreement with EnWave.\n\n\nThe terms of this agreement include a license providing EnWave with a\nroyalty of up to ten per cent of CAL-SAN's gross revenues from the sale of\ndried food products processed using the nutraREV(TM) technology. EnWave\nexpects that future sales of this equipment will range in price between\nUSD$800,000 and USD$1M. The agreement also provides a number of exclusivity\nprovisions for CAL-SAN in the North American dried blueberry market. The sale\nof this nutraREV(TM) technology provides EnWave with its first commercial\nrevenues and royalty stream, and the Company now plans to develop its food\ntechnology division further in order to build on this market opportunity.\n\n\n(For photojournalists and media photos and company information relevant\nto this story are available at the following link:\nhttp://www.enwave.net/index.php?content(equal sign)coverage)\n\n(To hear EnWave Co-CEO John McNicol discuss the importance to EnWave of\nthe sale of this technology, click on the following link:\nhttp://www.enwave.net/audio/feb09_interview.mp3)\n\n\nnutraREV(TM) technology will compete directly with the current industry\nstandard in food dehydration, freeze drying, and is designed to require\napproximately one-third of the energy of freeze drying with one-sixth the\ncapital cost. nutraREV(TM) also dries food in minutes or hours rather than\ndays. Based on EnWave's pre-commercial test results with a wide variety of\nfruits, vegetables and herbs, nutraREV(TM)-dried products also retain\nexcellent colour, flavour and texture, with similar nutrients and shelf-life\nto freeze drying, and at a variety of moisture contents as required by the\ntarget...