|By Marketwired .||
|April 4, 2014 09:30 AM EDT||
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") 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-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 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-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
EnWave Corporation is a Vancouver-based industrial technology company developing commercial applications for its proprietary Radiant Energy Vacuum (REV) 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 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 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 for continuous, high-volume low-temperature drying of pastes, gels, liquids, or particulates; and bioREV and freezeREV as new methods to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies. More information about EnWave is available at www.enwave.net.
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.
Mr. Andrew Ferguson
Mr. Jeff Ericson
Chief Marketing Officer
Mr. John McNicol
President & Co-CEO
Mr. Brent Charleton
Vice President, Corporate Affairs
Recently announced Azure Data Lake addresses the big data 3V challenges; volume, velocity and variety. It is one more storage feature in addition to blobs and SQL Azure database. Azure Data Lake (should have been Azure Data Ocean IMHO) is really omnipotent. Just look at the key capabilities of Azure Data Lake:
Oct. 6, 2015 04:00 PM EDT Reads: 214
In his session at @ThingsExpo, Tony Shan, Chief Architect at CTS, will explore the synergy of Big Data and IoT. First he will take a closer look at the Internet of Things and Big Data individually, in terms of what, which, why, where, when, who, how and how much. Then he will explore the relationship between IoT and Big Data. Specifically, he will drill down to how the 4Vs aspects intersect with IoT: Volume, Variety, Velocity and Value. In turn, Tony will analyze how the key components of IoT ...
Oct. 6, 2015 04:00 PM EDT Reads: 296
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...
Oct. 6, 2015 04:00 PM EDT Reads: 241
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Oct. 6, 2015 03:30 PM EDT Reads: 312
As-a-service models offer huge opportunities, but also complicate security. It may seem that the easiest way to migrate to a new architectural model is to let others, experts in their field, do the work. This has given rise to many as-a-service models throughout the industry and across the entire technology stack, from software to infrastructure. While this has unlocked huge opportunities to accelerate the deployment of new capabilities or increase economic efficiencies within an organization, i...
Oct. 6, 2015 03:00 PM EDT Reads: 104
“All our customers are looking at the cloud ecosystem as an important part of their overall product strategy. Some see it evolve as a multi-cloud / hybrid cloud strategy, while others are embracing all forms of cloud offerings like PaaS, IaaS and SaaS in their solutions,” noted Suhas Joshi, Vice President – Technology, at Harbinger Group, in this exclusive Q&A with Cloud Expo Conference Chair Roger Strukhoff.
Oct. 6, 2015 02:45 PM EDT Reads: 363
Scott Guthrie's keynote presentation "Journey to the intelligent cloud" is a must view video. This is from AzureCon 2015, September 29, 2015 I have reproduced some screen shots in case you are unable to view this long video for one reason or another. One of the highlights is 3 datacenters coming on line in India.
Oct. 6, 2015 02:00 PM EDT Reads: 222
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect ...
Oct. 6, 2015 01:00 PM EDT Reads: 580
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
Oct. 6, 2015 01:00 PM EDT Reads: 734
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
Oct. 6, 2015 12:45 PM EDT Reads: 456
Clearly the way forward is to move to cloud be it bare metal, VMs or containers. One aspect of the current public clouds that is slowing this cloud migration is cloud lock-in. Every cloud vendor is trying to make it very difficult to move out once a customer has chosen their cloud. In his session at 17th Cloud Expo, Naveen Nimmu, CEO of Clouber, Inc., will advocate that making the inter-cloud migration as simple as changing airlines would help the entire industry to quickly adopt the cloud wit...
Oct. 6, 2015 12:30 PM EDT Reads: 573
As the world moves towards more DevOps and microservices, application deployment to the cloud ought to become a lot simpler. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. In his session at 17th Cloud Expo, Raghavan "Rags" Srinivas, an Architect/Developer Evangeli...
Oct. 6, 2015 12:15 PM EDT
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Oct. 6, 2015 12:00 PM EDT Reads: 406
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated a...
Oct. 6, 2015 12:00 PM EDT Reads: 435
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Oct. 6, 2015 12:00 PM EDT Reads: 282