VANCOUVER, British Columbia, July 11, 2022 (Globe NEWSWIRE) — EnWave Corporation (TSX-V: ENW | FSE: E4U) (“EnWave”, or the “Company”) declared right now that it has signed a Technologies Evaluation and License Solution Agreement (the “Agreement”) with New Plymouth Meals Inc., a portion of Bounty New Group, and a major producer of protein products in Southeast Asia. Bounty will lease a 10kW Radiant Power Vacuum (“REV™”) dehydration device for placement at their key processing facility in the Philippines. The 10kW device will be used for the advancement of meat, cheese, and other wholesome treats for the Philippine industry and over and above.
Bounty appears to be like to capitalize on Southeast Asia’s growing snack sector by introducing more healthy, better-for-you choices as perfectly as localized flavours and substances which are attaining far more momentum about traditional deep fried and extruded snacks.
About Bounty New Group
Bounty Refreshing Group is a huge-scale industrial agriculture firm started by the Cheng relatives in 1986. It began as a table egg producer and now the 2nd-largest poultry integrator and the primary table eggs producer in the Philippines.
It is the only totally-built-in poultry firm that has consistently invested in organization-owned amenities: Grand Mother or father farm, Mum or dad Inventory farm, Hatcheries, Dressing Vegetation, Feed Mills, and Interesting-cell Broiler Complexes in the Philippines.
Bounty’s poultry integration served as a system to increase its procedure in other industries such as pork merchandise, producing of other agricultural items like business feed and vitamins, and foodstuff take-away shops.
Rolling out over 1,800 takeout outlets nationwide underneath the models Chooks to Go and Uling Roasters, Bounty’s storefront operation is one particular of the major just take-away merchants in the Philippines.
About EnWave
EnWave is a global chief in the innovation and application of vacuum microwave dehydration. From its headquarters in Vancouver, BC, EnWave has developed a robust intellectual home portfolio, perfected its Radiant Energy Vacuum (REV™) engineering, and reworked an ground breaking notion into a tested, dependable, and scalable drying solution for the foods and pharmaceutical industries that vastly outperforms classic drying procedures in effectiveness, ability, products quality, and price.
With far more than forty-5 royalty-making partners spanning twenty international locations and five continents, EnWave’s licensed companions are producing worthwhile, by no means-ahead of-noticed treats and substances, strengthening the high quality and regularity of their present choices, managing leaner and finding to marketplace more rapidly with the company’s patented technology, certified machinery, and professional direction.
In addition, EnWave set up a Limited Liability Company, NutraDried Meals Organization, LLC, to manufacture, market and offer REV-dried snack products and solutions inside of North America, which include the well-liked Moon Cheese® brand, and serve as a co-producer for 3rd get-togethers.
EnWave’s technique is to indicator royalty-bearing industrial licenses with food producers who want to dry greater, faster and extra inexpensive than freeze drying, rack drying and air drying. Food stuff and ingredients providers can make interesting new products and solutions, arrive at best humidity concentrations up to 7 instances a lot quicker, and improve product taste, texture, color and nutritional worth.
Learn much more at EnWave.internet.
EnWave Corporation
Mr. Brent Charleton, CFA
President and CEO
For additional info:
Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
E-mail: [email protected]
Dan Henriques, CFO at +1 (604) 835-5212
E-mail: [email protected]
Safe and sound Harbour for Ahead-Seeking Data Statements: This push launch might consist of forward-searching information and facts based on management’s expectations, estimates and projections. All statements that handle anticipations or projections about the upcoming, which includes statements about the Company’s technique for development, product growth, current market posture, expected expenditures, and the expected synergies subsequent the closing are ahead-seeking statements. All 3rd-bash promises referred to in this launch are not assured to be correct. All 3rd-party references to sector information and facts in this release are not guaranteed to be accurate as the Company did not carry out the primary primary investigate. These statements are not a promise of long run performance and involve a selection of pitfalls, uncertainties and assumptions. Although the Company has attempted to identify essential factors that could bring about real final results to differ materially, there may well be other components that bring about success not to be as predicted, believed or supposed. There can be no assurance that this kind of statements will demonstrate to be correct, as true benefits and long run gatherings could differ materially from those expected in this sort of statements. Appropriately, viewers must not area undue reliance on ahead-looking statements.
Neither the TSX Venture Trade nor its Regulation Services Supplier (as that time period is described in the guidelines of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.
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