Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

EnWave Receives Second Purchase Order from Ashgrove Cheese to Double Production Capacity for Amazeballs Snack Product in Australia

VANCOUVER, British Columbia, Sept. 05, 2019 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) reports today that the Company has received a second 10kW Radiant Energy Vacuum (“REV™”) equipment purchase order from Ashgrove Cheese Ltd Pty (“Ashgrove”), a diversified, family-owned Australian dairy processor based in Northern Tasmania.

In May 2017, Ashgrove secured a license from EnWave for the exclusive right to use REV™ technology to process dried snack cheese products for direct retail distribution in Australia. In exchange for this exclusivity, Ashgrove has agreed to pay EnWave a 5% royalty on the wholesale price of all REV™-dried products sold.

Ashgrove’s successful development and launch of their Amazeballs cheese snack product stimulated this second purchase order. Amazeballs is the first Australian made dehydrated cheese snack. It’s crafted from the Ashgrove Farm milk supply and was a way for our consumers to get the protein and nutrients they need in an easy-to-eat dairy format. Amazeballs is currently available broadly in the Australian grocery market ecosystem in six distinct flavours – Cheddar, Havarti, Pizza Supreme, Apple Cider Vinegar and Chive, Sweet Chili and Sour Cream and Salted Caramel.

About Ashgrove Cheese Pty Ltd.

Ashgrove is one of Australia's leading independent premium dairy brands and manufacturers. A Tasmanian family owned business, which produces premium quality fresh milk, cheese, cream butter and ambient snackfood. The Ashgrove Cheese factory is located at Elizabeth Town, in the heart of the dairying and cropping region in Northern Tasmania.

Ashgrove has received many awards for their premium cheddar style cheeses over the years. Since 2015, Ashgrove premium quality milk, cheese and butter has been recognized with -- 1 Reserve Champion, 2 Champion, 26 Gold, 80 Silver and many other awards in Australia.

Ashgrove's products are distributed through specialty food stores, major retailers and supermarkets throughout Australia, and supplied to restaurants, the food service market and for export. For more information on Ashgrove please visit www.ashgrovecheese.com.au.

About EnWave

EnWave Corporation, a Vancouver-based advanced technology company, has developed 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: [email protected]      

Dan Henriques, CPA, Chief Financial Officer at +1 (604) 835-5212
E-mail: [email protected]  

Deborah Honig, Corporate Development at + 1 (647) 203-8793
E-mail: [email protected]

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. No statement in this press release should be construed as a waiver of any party’s rights, and all such rights are reserved. 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) accepts responsibility for the adequacy or accuracy of this release.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ec9f5546-4d61-4ce6-b510-3a4f6aa3d9d4

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).