| Previous Close | 1.3600 |
| Open | 1.3800 |
| Bid | 1.3600 x 0 |
| Ask | 1.3900 x 0 |
| Day's Range | 1.3600 - 1.4100 |
| 52 Week Range | 0.5600 - 1.6500 |
| Volume | 57,772 |
| Avg. Volume | 108,852 |
| Market Cap | 151.518M |
| Beta (5Y Monthly) | 1.22 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0400 |
| Earnings Date | Dec. 21, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1.63 |
- GlobeNewswire
EnWave Signs Research and Development Licence Agreement with Fresh Business for REV™ Technology in Spain
VANCOUVER, British Columbia, Jan. 13, 2021 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a Research and Development License Agreement (the “Agreement”) with Consulting Fresh Business S.L. (“Fresh Business”) for research and development on products using EnWave’s technology in Spain. Fresh Business has paid an initial deposit to purchase a 10kW Radiant Energy Vacuum (“REV™”) dehydration machine for this purpose. This Agreement marks the further advancement of the commercial partnership between EnWave and Fresh Business. Fresh Business currently holds a royalty-bearing commercial license agreement for a broad portfolio of food products in Peru and the Company is in the process of commissioning a large-scale 100kW REV™ machine at its Peruvian facility. Commercial production in Peru is expected to start in the second calendar quarter of 2021. With this latest agreement, Fresh Business intends to forge close partnerships with Spain-based technology hubs and innovation centers to leverage EnWave’s patented REV™ technology for the development of new product applications. This will provide an opportunity for innovators to expedite the commercialization of leading-edge, premium REV™ dried applications. This Agreement will allow Fresh Business to partner with selected technology centers, and to provide research and development services to operators to demonstrate the value proposition of REV™ technology. The installation of a pilot-scale REV™ machine at a technology innovation centre in Spain will increase the visibility of REV™ technology among potential new EnWave partners and will serve as a European hub for proof-of-concept trials on new product applications.Pursuant to the Agreement, Fresh Business must pay a second deposit to confirm the 10kW machine order before July 2021. In the near term, Fresh Business plans to select a technology center in Spain to install this 10kW machine for demonstration purposes. Additionally, Fresh Business has been granted option rights to exclusively evaluate commercially viable product applications in exchange for paying individual exclusivity fees to EnWave for each product.About Fresh Business Fresh Business is a food consultancy organization focusing on innovative food technology solutions with three offices in three major food hubs worldwide. Fresh Business focuses on connecting creativity, knowledge, technology and marketing to serve innovative food businesses. Fresh Business offers innovative products and business models for the international market, innovative food product conception, development and marketing, consultancy and long-term partnership for business development. Learn more about Fresh Business at www.freshbusiness.esAbout EnWave EnWave Corporation, a Vancouver-based advanced technology company, has developed a Radiant Energy Vacuum (“REV™”) – an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV™ technology, shortening the time from harvest to marketable cannabis products. REV™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors, including legal cannabis. EnWave’s strategy is to sign royalty-bearing commercial licenses with innovative, disruptive companies in multiple verticals for the use of REV™ technology. The company has signed over thirty royalty-bearing licenses to date. In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market and sell all-natural dairy snack products in the United States, including the Moon Cheese® brand. EnWave has introduced REV™ as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV™ platforms: 1. nutraREV® which is a drum-based system that dehydrates organic materials quickly and at low-cost while maintaining high levels of nutrition, taste, texture and colour; and, 2. quantaREV® which is a tray-based system used for continuous, high-volume low-temperature drying.More information about EnWave is available at www.enwave.net.EnWave Corporation Mr. Brent Charleton, CFA President and CEO For further information: Brent Charleton, CFA, President and CEO at +1 (778) 378-9616 E-mail: bcharleton@enwave.net Dan Henriques, CPA, CA, CFO at +1 (604) 835-5212 E-mail: dhenriques@enwave.net For Media Inquiries: Email: media@enwave.net Safe Harbour 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 about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing, are forward-looking statements. All third-party claims referred to in this release are not guaranteed to be accurate. All 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 a guarantee 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, there may be other factors that 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) accept responsibility for the adequacy or accuracy of this release.
- GlobeNewswire
EnWave Signs Technology Evaluation and License Option Agreement with SunRhize Foods to Develop Plant-Based Tempeh Snacks and Reserves REVworx™ Toll Manufacturing Capacity
SunRhize Foods SunRhize Foods, Inc. aims to advance the alternative protein movement and transform the tempeh category by offering satisfying, innovative tempeh-based foods that redefine what it means to eat well. VANCOUVER, British Columbia, Jan. 11, 2021 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that SunRhize Foods, Inc. (“SunRhize Foods”) has signed a Technology Evaluation and License Option Agreement (the “Agreement”) to further develop and refine novel, shelf-stable tempeh snacks following a series of successful product development trials completed at EnWave’s Pilot Plant facility. During the term of the Agreement, SunRhize Foods will collaborate with EnWave’s team to finalize multiple commercially viable tempeh snack formats and intends to leverage REVworx™, EnWave’s toll manufacturing division slated for commissioning in 2021. Pursuant to the Agreement, SunRhize has the right to reserve up to 15% of EnWave’s REVworx™ capacity before March 31, 2021 to commercialize the tempeh snacks. Tempeh is a versatile plant-based protein that originates from Southeast Asian diets. Tempeh is soy-based making it similar to tofu and is popular among many vegetarian, vegan and plant-based consumers. Tempeh is very high in protein and can accept a wide variety of flavourings, making it well-suited as an alternative protein source in the rapidly growing vegan and plant-based product market.The Agreement also grants SunRhize the exclusive right to license EnWave’s patented Radiant Energy Vacuum (“REV™”) technology for the production of dried tempeh products in the Netherlands, Belgium and Indonesia. SunRhize will pay EnWave an undisclosed fee to reserve the exclusive license option rights and as a fee for product development support.EnWave’s REVworx™ toll manufacturing division is for companies seeking third-party production to launch innovative REV™ dried products into the marketplace. This is the first large-scale REV™ processing facility in North America exclusively offering toll drying services. REVworx™ will offer flexible production capabilities, filling the growing demand for innovative consumer products made using EnWave’s proprietary technology.REVworx™ will reduce the risk for companies looking to develop and launch innovative REV™ dried products into the marketplace by reducing upfront capital investment, increasing speed to market and allowing companies to launch products pragmatically to prove out the value proposition of using REV™ technology.About SunRhize Foods SunRhize Foods, Inc. aims to advance the alternative protein movement and transform the tempeh category by offering satisfying, innovative tempeh-based foods that redefine what it means to eat well. SunRhize Foods currently offers a unique assortment of Certified Organic or Non-GMO Project verified tempeh products, including fried strips, crumbles and cubes and as well as raw unpasteurized tempeh for foodservice operators and manufacturers. More information about SunRhize Foods is available at www.SunRhizeFoods.com. About EnWave EnWave Corporation, a Vancouver-based advanced technology company, has developed a Radiant Energy Vacuum (“REV™") – an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV™ technology, shortening the time from harvest to high-quality, marketable cannabis products. REV™ technology's commercial viability has been demonstrated and is multiplying across several market verticals in the food, and pharmaceutical sectors, including legal cannabis. EnWave's strategy is to sign royalty-bearing commercial licenses with innovative, disruptive companies in multiple verticals for the use of REV™ technology. The company has signed over forty royalty-bearing licenses to date in twenty countries worldwide. In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market and sell all-natural dairy snack products in the United States, including the Moon Cheese® brand. EnWave has introduced REV™ as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV™ platforms: 1. nutraREV® which is a drum-based system that dehydrates organic materials quickly and at low-cost while maintaining high levels of nutrition, taste, texture and colour; and, 2. quantaREV®, which is a tray-based system used for continuous, high-volume low-temperature drying.More information about EnWave is available at www.enwave.net. EnWave Corporation Mr. Brent Charleton, CFA President and CEOFor further information:Brent Charleton, CFA, President and CEO at +1 (778) 378-9616 E-mail: bcharleton@enwave.net Dan Henriques, CPA, CA, CFO at +1 (604) 835-5212 E-mail: dhenriques@enwave.netFor Media Inquiries: Email: media@enwave.net Safe Harbour 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 about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing, are forward-looking statements. All third-party claims referred to in this release are not guaranteed to be accurate. All 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 a guarantee of future performance and involve several risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors 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) accept responsibility for the adequacy or accuracy of this release.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a52ee12-6e1b-4688-86b7-606110f68919
- ACCESSWIRE
Keynotes, Educational Panels and 42 Canadian-Listed Public Companies Presenting at the SNN Network Canada Virtual Event - January 6-7, 2021
LOS ANGELES, CA / ACCESSWIRE / January 5, 2021 / The SNN Network Canada Virtual Event will take place on January 6-7, 2021, where 42 SmallCap, MicroCap and NanoCap public companies will be presenting via virtual webcast to a global investor audience.
