New Delhi, June 27, 2018: VANCOUVER, British Columbia, June 25, 2018 (GLOBE NEWSWIRE) — EnWave Corporation (TSX-V:ENW) (FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a Technology Evaluation and License Option Agreement (the “TELOA”) with a major Australian dairy company (the “Partner”) to evaluate the use of the Company’s Radiant Energy Vacuum (“REV™”) technology for the development of several dehydrated, premium dairy ingredients.
The Partner will rent a small-scale REV™ machine for use in Australia for a maximum of six months. During this term, EnWave’s experienced food science team will collaborate closely with the Partner’s innovation group to expedite progress according to globenewswire.com.
EnWave has signed a total of four TELOAs with Australian companies and has granted two separate commercial licenses to Australian royalty partners. Ashgrove Cheese Pty Ltd. has launched a premium, shelf-stable cheese snack line called Amazeballs through IGA, Coles and Woolworths locations in Australia. Howe Foods Pty Ltd. is currently developing several banana-based products for commercial evaluation. Each own small-scale commercial REV™ machines.