EnWave signs Confidentiality Agreements with food production companies

Sep 17 2009

EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U) ("EnWave" or "the Company") today announced that it has signed Confidentiality Agreements with more than 15 food production companies located in North and South America, Europe and Korea to determine the benefits of using its nutraREV^TM food dehydration technology in a wide range of new product areas including herbs, mushrooms, bananas, mangos, pineapples, peppers, tomatoes, garlic, snack chips, shrimp, salmon and pet treats. Enwave is working closely with these companies in order to replace expensive and less efficient freeze drying machines, or to develop new products for the food ingredients and snack food markets.

"Ultimately we are working with these companies in order to sell and license our technology and expand our product lines," said John McNicol, President and Co-CEO of EnWave. "Since winning the Food Expo Innovation award earlier this year, nutraREV^TM technology is now being recognized on a global scale as a very real alternative to antiquated freeze drying methods. I am extremely pleased with our progress in commercializing this disruptive technology beyond the initial market for dried blueberries."

EnWave sold and licensed its first commercial nutraREV^TM technology in March 2009 to a local producer of dried "puffed" blueberries for the snack food, baking and cereal markets. EnWave selected blueberries as its first market for commercializing nutraREV^TM due to the local volume of fresh and frozen berries, and the significant cost and product advantages over freeze drying demonstrated during the testing phase. These benefits enabled EnWave to secure an ongoing long-term royalty of up to 10% of gross sales from dried berries processed using its nutraREV^TM technology.

EnWave's proven nutraREV^TM technology competes directly with freeze drying, the current standard used to ensure long shelf-life and maximum nutrition retention in dehydrated food. nutraREV^TM uses a combination of vacuum pressure and microwave energy to dehydrate fruits, vegetables, herbs and seafood at, or below, room temperatures. nutraREV^TM is an effective alternative to the current industry standard of freeze drying, taking minutes or hours to dehydrate products rather than days, requiring approximately one-third the energy of freeze drying at one-sixth the capital cost. Products dried with nutraREV^TM technology retain excellent colour, flavour and texture, with similar nutrients and shelf-life to freeze drying, and can be dehydrated to a variety of moisture contents as required by the customer.

http://www.enwave.net/