VANCOUVER, British Columbia, May 03, 2022 (GLOBE NEWSWIRE) — EnWave Corporation (TSX-V: ENW | FSE: E4U) (“EnWave” or the “Company”) today announced the signing of a Technology Evaluation and Licensing Option Agreement (the “Agreement”) with Goldencrops Corporation (“Goldencrops”), a Southeast Asian ingredient manufacturer, to assess the commercial use of the company’s radiant energy vacuum (“REV”). ) dehydration technology for the production of a variety of fruits, dairy products and grain products.
Goldencrops will lease a 10 kW REV™ machine for intensive product development at its manufacturing plant in the city of Douliu – an industrial hub for food production in the region. If commercially viable ingredients are developed under the agreement, Goldencrops will then purchase REV™ machines to begin commercial production at its Yunlin science and technology plant.
Goldencrops seeks to leverage EnWave’s proprietary REV™ dehydration technology to expand its dehydrated ingredient product offerings for domestic and international markets. Goldencrops currently operates large-scale dehydration, milling and packaging facilities for its product portfolio which includes a wide range of food products and plant-based ingredients, and REV™ technology will enhance its commercial processing capabilities. ingredients.
Expanding EnWave’s REV™ Technology Global Footprint in Southeast Asia Once Again Proves Significant Value Proposition for Food Producers Looking to Launch New Innovative Ingredient and Snack Applications of superior quality. EnWave has developed a comprehensive intellectual property portfolio with granted patents in numerous international markets and has licensed REV™ technology to more than fifty companies in twenty-one countries around the world.
About Goldencrops
Goldencrops Corporation is a food manufacturer and exporter headquartered in Douliu City, Taiwan, specializing in snacks, instant foods, cereals, dairy products, and plant-based protein foods and ingredients . Under the Goldencrops, Sungift and Supervite brands, the company has been enhancing Taiwan’s competitiveness in the global food industry for over 35 years. Goldencrops has been designing and developing personalized formulas for many clients with well-known brands for years. With various quality certifications and professional automated production lines, Goldencrops offers the widest grain processing production in Taiwan.
Goldencrops has established an excellent reputation in the food industry. It has formed technology cooperation partnerships with many leading local and international manufacturers and is focused on continuously improving its high value-added product offering. Goldencrops exports include Japan, USA, Mainland China, Australia, New Zealand, Hong Kong, Indonesia, Malaysia and Vietnam.
For more information on Goldencrops, please visit www.goldencrops.com.tw
About EnWave
EnWave is a world leader in the innovation and application of microwave vacuum dehydration. From its headquarters in Vancouver, British Columbia, EnWave has developed a strong intellectual property portfolio, perfected its Radiant Energy Vacuum (REV™) technology, and transformed an innovative idea into a proven, consistent and scalable drying solution for the food, pharmaceutical and cannabis industry. industries that vastly surpass traditional drying methods in efficiency, capacity, product quality and cost.
With more than forty-five royalty-generating partners spanning twenty countries and five continents, EnWave’s Licensed Partners create cost-effective, never-before-seen snacks and ingredients, improve the quality and consistency of their existing offerings, are lighter and get to market faster. with the company’s patented technology, licensed machinery and expert advice.
Additionally, EnWave has established a limited liability company, NutraDried Food Company, LLC, to manufacture, market and sell REV dried snacks in North America, including the popular Moon Cheese® brand and serve as a co-manufacturer for third parties.
EnWave’s strategy is to sign royalty-based business licenses with edible and cannabis producers who want to dry better, faster, and more economically than freeze-drying, rack-drying, and air-drying, and benefit from the following advantages:
- Food and ingredient companies can produce exciting new products, reach optimal moisture levels up to seven times faster, and improve the taste, texture, color and nutritional value of products.
- Cannabis growers can dry four to six times faster, retain 20% more terpenes and 25% more cannabinoids, and achieve at least a 3-log reduction in crop-destroying microbes.
Learn more about EnWave.net.
EnWave Corporation
Mr. Brent Charleton, CFA
President and CEO
For more information:
Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
Email: [email protected]
Dan Henriques, CPA, CA, Chief Financial Officer at +1 (604) 835-5212
Email: [email protected]
For media inquiries:
[email protected]
Safe Harbor for Forward-Looking Information Statements: This press release may contain forward-looking information based on management’s expectations, estimates and projections. All statements that address expectations or projections regarding the future, including statements about the company’s growth strategy, product development, market position, planned expenses and expected synergies after closing are forward-looking statements. Any third-party statements mentioned in this press release are not guaranteed to be accurate. Any third party references to market information in this release are not guaranteed to be accurate as the company did not conduct the original primary research. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b95f253f-8c8f-42d9-a28f-6c95ec576cbc
