| | | EnWave Signs Commercial License and Equipment Purchase Agreement with Calbee Inc.
VANCOUVER, British Columbia, May 13, 2019 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today it had signed Commercial License and Equipment Purchase Agreements (the “Agreements”) with Calbee Inc. (“Calbee”), a leading Japan-based company mainly engaged in the manufacture and sale of snack confectionary, bakery food and cereal food. The Agreements provide Calbee with the exclusive right to explore and pilot EnWave’s Radiant Energy Vacuum (“REV™”) food dehydration technology for the development of premium, healthy fruit and vegetable snack products and ingredients in the country of Japan.
Calbee plans to conduct intense product development in 2019 and launch several iterations through test marketing efforts in 2020. If Calbee’s products resonate commercially with Japanese consumers, Calbee intends to scale-up their production to a larger, continuous REV™ processing line in 2021. All other terms of the Agreements are confidential.
About Calbee
Calbee, Inc. engages in the manufacture and sale of potato, flour and corn based snacks, and processed bread and cereals. It operates through the Production and Sale of Food and Others Business division. The Production and Sale of Food business division handles snacks, serial food, and bakeries. The Others Business manages logistics including planning, production, and shipping. The company was founded on April 30, 1949 and is headquartered in Tokyo, Japan.
For more information about Calbee Inc. please visit www.calbee.com. |
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