Welcome!

News Feed Item

EnWave Signs Royalty-Bearing Commercial License and Manufacturing Agreement with NutraDried Creations LLP

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/04/14 -- EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U) ("EnWave", or the "Company") is pleased to announce today that it has signed a royalty-bearing Commercial License (the "License") and a Manufacturing Agreement (the "Agreement") with NutraDried Creations LLP ("NutraDried Creations"), who will focus on securing major private label distribution opportunities throughout the United States of America ("U.S.") and Latin America for dehydrated cheese snacks and other new healthy snack products dehydrated using the Company's Radiant Energy Vacuum ("REV(TM)") technology. NutraDried Creations represents a group of experienced business partners that have extensive professional contacts in the private label area and includes Mr. Hugh Wiebe, a current Director of EnWave Corporation.

Mr. Wiebe has more than 30 years of experience in the global food industry and was formerly a shareholder and Chairman of the Board of Brookside Foods Ltd. ("Brookside"). During his time with Brookside, Mr. Wiebe helped build a highly recognized national chocolate brand through an extensive U.S. retail distribution network. Mr. Wiebe is also the controlling shareholder of Lucid Capital Management, a 49% partner in NutraDried LLP, which is a company co-owned with EnWave that is actively marketing and producing an all-natural, healthy cheese snack product in the U.S. market under the Moon Cheese® brand. The initial success of this launch through Kroger's Fred Meyer and Quality Food Center banner's in the Pacific Northwest and Alaska has led to broader private label interest for large scale bulk distribution.

NutraDried Creations plans to initially establish national distribution by marketing REV(TM)-dried cheese snack products to their private label distribution contacts, but also have interest in expanding their offerings to eventually include a number of other healthy vegetable and fruit products that are currently being developed in partnership with EnWave and NutraDried LLP. As the private label distribution opportunities evolve, these additional products will be targeted for commercial sale.

Currently, NutraDried Creations is actively conducting market testing with several potential customers and expects entry into at least two major U.S. private label accounts over the next few months. If the test marketing is successful an annual order volume of over 1 million pounds of dried cheese snack products is forecast for the first phase of distribution during the next 12 months.

Under the Agreement, the dried cheese snack products will be produced for NutraDried Creations at a shared facility in Ferndale, Washington State for the first 3 million pounds of annual distribution. A 100kW nutraREV® plant is expected to start-up at the facility in the spring of 2014, which should provide enough capacity to support Moon Cheese® production and the initial private label annual order forecast; however, should the private label order double, the facility would expand with a second large commercial nutraREV® machine. If orders continue to increase, as projected by NutraDried Creations, up to five commercial nutraREV® machines may be needed by 2016 to satisfy private label channel demand. If this occurs, NutraDried Creations has the option to purchase REV(TM) equipment directly from EnWave to support order demand beyond 3 million pounds of dried cheese snack products per annum or for other product categories approved under the License, potentially creating two distinct suppliers, which would help diversify the supply sources for larger food companies.

"This could be a major commercial breakout for nutraDRIED® products via national, well-known distribution channels," stated Dr. Tim Durance, Chairman & Co-CEO of EnWave Corporation. "This License and Agreement represents potential catalysts for near term revenue growth, helping to establish EnWave and its partners as new industry players in the U.S. healthy snack market."

"REV(TM)-dried cheese snack products are some of the most innovative and unique natural products available on the market today," stated Mr. Hugh Wiebe, Partner in NutraDried Creations. "We have had significant interest from several of the largest private label distributors in the U.S., and we believe this business has a legitimate opportunity to experience fast growth."

About NutraDried Creations LLP

NutraDried Creations is a Washington State LLP formed to take the nutraREV® technology to market through the application of the technology in the snack and food industry. The founders, Mr. J.H. Wiebe, Mr. Jeff Ericson and Mr. Andrew Ferguson have extensive experience and accomplishments in the food and beverage industry and, combined, bring over 100 years of business and life experience as seasoned entrepreneurs, inventors, marketers and business leaders. Together they create a dynamic team that knows how to create innovative products and successfully take them to market.

NutraDried Creations' purpose and mission is to create a Triple Bottom Line - impacting people's lives, stewarding earth's resources, and bringing profit to shareholders. We achieve this through the lens of social business - selling environmentally and socially responsible products. This philosophy ensures that the customer receives the best nutritional products possible, through the innovative use of our patented process and strategic relationships.

Our social business model strives to replace the old charitable model (welfare) with a new model of rewarding excellence while giving people the tools to succeed on their own. We partner with non-profits like Agros International, a Seattle-based non-profit that assists poor, rural farmers in purchasing their own land through low-interest or interest-free loans. This helps these farmers break out of their generational poverty cycle. Our customers are the reason positive change is happening in the lives of the families who grow the ingredients in the products we sell. By only purchasing ethical ingredients that are fairly traded, we partner with you in giving a fair wage for a beautiful product. The difference is enabling farmers to provide food, clothing, shelter, and an education for their children. Through the years we have helped develop 42 villages, aiding 24,000 farmers and fostering generational change.

Through NutraDried Creations and our strategic partners and customers, we now hope to extend this impact to a whole new industry and create even more impact. Therefore, the primary strategy of the Company is to offer private labeling opportunities to major retailers and distributors who already have brand equity in their names and who desire to make a positive difference in the world. Thus, it is the priority and preference of the company to develop the brand equity and awareness of NutraDried Creations as a food "category" through these relationships.

More information about NutraDried Creations LLP is available at www.nutradriedcreations.com.

NutraDried Creations, LLP

Andrew Ferguson, CEO

About EnWave

EnWave Corporation is a Vancouver-based industrial technology company developing commercial applications for its proprietary Radiant Energy Vacuum (REV(TM)) dehydration technology. EnWave aims to sign royalty-bearing commercial licenses with leading food and pharmaceutical companies for the use of its revolutionary technology. Thus far the Company has signed commercial licenses with Bonduelle, a global leader in the production of vegetables, for the processing of dehydrofrozen vegetables; Hormel Foods Corporation, a major processed meat manufacturer, for the production of healthy dried meat products; Milne Fruit Product, EnWave's first major licensee, for the production of several dehydrated fruit and vegetable products in the whole, fragmented and powdered form; a leading North American enzyme company, to dehydrate a series of food-related enzymes for their Tier 1 clients; and Napa Mountain Spice Company, to dry high-quality California bay leaves. In addition to these licenses, EnWave has formed a Limited Liability Partnership with Lucid Capital Management to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese ® brand. Most recently, EnWave signed a commercial royalty-bearing license with NutraDried Creations LLP to enable them to aggressively market nutritious snack products to private label customers in North America and Latin America.

Also, EnWave has entered into a wide range of research and collaboration agreements with an expanding list of multinational companies, including Nestle, Kellogg's, Grupo Bimbo, Grimmway Farms, Ocean Spray Cranberries, Cherry Central, Sun-Maid Growers, Gay Lea Foods, R.J. Reynolds and Merck. EnWave is introducing REV(TM) as a new dehydration standard in the food and biological material sectors: potentially faster and cheaper than freeze drying, with better end product quality than air drying or spray drying.

EnWave currently has six REV(TM) platforms: commercial-scale nutraREV® and MIVAP® are used in the food industry to dry fruits, vegetables, meat, herbs and seafood quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour. The Company is also developing powderREV® for bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes; quantaREV(TM) for continuous, high-volume low-temperature drying of pastes, gels, liquids, or particulates; and bioREV(TM) and freezeREV(TM) as new methods to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies. More information about EnWave is available at www.enwave.net.

EnWave Corporation

Dr. Tim Durance, Chairman & Co-CEO

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 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) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
NutraDried Creations
Mr. Andrew Ferguson
CEO
(360) 332-2101
[email protected]

NutraDried Creations
Mr. Jeff Ericson
Chief Marketing Officer
(360) 332-2101
[email protected]
www.nutradriedcreations.com

EnWave Corporation
Mr. John McNicol
President & Co-CEO
(604) 601-8524
[email protected]

EnWave Corporation
Mr. Brent Charleton
Vice President, Corporate Affairs
(778) 378-9616
[email protected]
www.enwave.net

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
In their general session at 16th Cloud Expo, Michael Piccininni, Global Account Manager - Cloud SP at EMC Corporation, and Mike Dietze, Regional Director at Windstream Hosted Solutions, reviewed next generation cloud services, including the Windstream-EMC Tier Storage solutions, and discussed how to increase efficiencies, improve service delivery and enhance corporate cloud solution development. Michael Piccininni is Global Account Manager – Cloud SP at EMC Corporation. He has been engaged in t...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Hardware virtualization and cloud computing allowed us to increase resource utilization and increase our flexibility to respond to business demand. Docker Containers are the next quantum leap - Are they?! Databases always represented an additional set of challenges unique to running workloads requiring a maximum of I/O, network, CPU resources combined with data locality.
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...