Pursuant to the Purchase Order, EnWave will build and install a small commercial-scale nutraREV(R) machine at Natural Nutrition’s facility in the second half of 2014 to support initial market development efforts and commercial production. The License specifies that Natural Nutrition must purchase an additional nutraREV(R) machine within one year from the commissioning of the first machine and a third within one year from the start-up of the second nutraREV(R) unit. All remaining details of the License and the Purchase Order are confidential.
About Natural Nutrition Limited
Natural Nutrition is a Chilean company focused on the dehydration of fruit, especially berries and native species of Chile and Patagonia, such as Maquiberry and others. The mission of Natural Nutrition is to process the healthiest raw materials with high nutritional quality from the fields and forests of this region. The combination of using optimal raw materials and appropriate dehydration technology, will allow Natural Nutrition to preserve superior nutritional content, flavor and aroma from the fresh fruits.
REV processing operations will begin in 2015, with projected growth of 50 tons of finished product per year over the next four years, both as whole dried fruit and powder. With the implementation of REV technology, Natural Nutrition aims to position itself as a benchmark and leader in Chile, Latin America and the world for the production of high-quality dried fruit with high nutritional value, supplying the market demand for snack fruit, nutraceuticals and functional ingredients.
EnWave Corporation is a Vancouver-based industrial technology company developing commercial applications for its proprietary Radiant Energy Vacuum (REV) dehydration technology. EnWave aims to sign royalty-bearing commercial licenses with leading food and pharmaceutical companies for the use of its revolutionary technology. Thus far the Company has signed ten royalty-bearing licenses, opening up eight distinct market sectors for commercialization with companies that include Bonduelle, a global leader in the production of vegetables; Hormel Foods Corporation, a major processed meat manufacturer in the United States of America; and Sutro Biopharma, a company developing a protein synthesis process for the pharmaceutical industry. In addition to these licenses, EnWave has formed a Limited Liability Partnership, NutraDried LLP, to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese(R) brand. The Company has also signed a license and manufacturing agreement with NutraDried Creations to market the dried cheese and other REV snack products through private label distribution channels in the United States and Latin America.
EnWave has signed a wide range of research agreements with an expanding list of companies that include Nestle, Kellogg’s, Ocean Spray Cranberries, Sun-Maid Growers, R.J. Reynolds and Merck among others. EnWave is introducing REV as a new dehydration standard in the food and biological material sectors: potentially faster and cheaper than freeze drying, with better end product quality than air drying or spray drying.
Dr. Tim Durance, President & CEO
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