|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
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Aug. 2, 2015 10:00 PM EDT Reads: 676
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.
Aug. 2, 2015 07:15 PM EDT Reads: 218
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Aug. 2, 2015 06:00 PM EDT Reads: 1,124
SYS-CON Events announced today that HPM Networks 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. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 2, 2015 05:45 PM EDT Reads: 505
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Aug. 2, 2015 04:00 PM EDT Reads: 417
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 2, 2015 03:00 PM EDT Reads: 545
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 2, 2015 02:00 PM EDT Reads: 248
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 2, 2015 12:00 PM EDT Reads: 343
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Aug. 2, 2015 11:45 AM EDT Reads: 479
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Aug. 2, 2015 11:15 AM EDT Reads: 354
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Aug. 2, 2015 11:00 AM EDT Reads: 172
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.
Aug. 2, 2015 09:00 AM EDT Reads: 1,698
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Aug. 2, 2015 08:15 AM EDT Reads: 183
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Aug. 2, 2015 07:00 AM EDT Reads: 180
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
Aug. 1, 2015 10:00 AM EDT Reads: 334