EnWave Signs Commercial License Agreement with Fresh Business Consulting and Receives Purchase Order for REV™ Machinery2019-04-10 09:00 ET - News Release
ENW Close 2019-04-09 C$ 1.87
VANCOUVER, British Columbia, April 10, 2019 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") reported today that it has signed a royalty-bearing commercial license agreement (the “Agreement”) with Fresh Business Consulting S.L. (“Fresh Business”). Fresh Business is part of a diversified investment and consulting firm that has business interests in Spain (headquarters), the United Kingdom and Peru. Fresh Business also submitted a purchase order for a small-scale commercial Radiant Energy Vacuum (“REV™”) machine to initiate commercial production in Peru.
The Agreement grants Fresh Business the exclusive rights to produce a variety of premium food products in Peru. By processing in Peru, Fresh Business is well positioned to take advantage of the diverse, locally grown agricultural products while utilizing EnWave’s proprietary REV™ technology to create value-added products for export into western markets. REV™ technology is a proven method to create healthy, premium fruit and vegetable products that can be sold as ingredients or as retail consumer products. This Agreement further validates the value proposition for EnWave’s technology to drive innovation in the global fruit and vegetable market vertical.
Fresh Business must commit to purchasing a second EnWave machine of 100kW or greater in rated power before July 31, 2019 in order to retain its exclusivity under the Agreement. Fresh Business and EnWave have also agreed to a coordinated joint effort to secure additional commercial licenses for EnWave’s technology in Peru. The other terms of the Agreement remain confidential.
About Fresh Business Consulting S.L.
Fresh Business employs a business model where professionals with an advanced vision in the integration of creativity, marketing and innovation apply their know-how to improve their clients’ business strategy. Fresh Business is committed to uniquely generating new business ideas that are competitive in today’s marketplace.
Fresh Business’ positive and proactive attitude, their desire to excel and the constant search for new challenges, led them to expand their business, developing a new division, Fresh Business Food & Nutrition Innovation, focused on the agri-food industry. Fresh Business Food & Nutrition Innovation, has its own approach to connect creativity, knowledge, technology and marketing to create, incubate and develop innovative food businesses with an international vocation.
For more information about Fresh Business Consulting S.L. please visit www.freshgroup.es and www.freshbusiness.es |
