|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
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Aug. 29, 2015 03:00 AM EDT Reads: 460
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.
Aug. 28, 2015 11:45 PM EDT Reads: 400
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. 28, 2015 11:30 PM EDT Reads: 825
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Aug. 28, 2015 09:00 PM EDT Reads: 290
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of ...
Aug. 28, 2015 07:45 PM EDT Reads: 174
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Aug. 28, 2015 06:00 PM EDT Reads: 311
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Aug. 28, 2015 05:30 PM EDT Reads: 405
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Aug. 28, 2015 03:45 PM EDT Reads: 168
Cloud and datacenter migration innovator AppZero has joined the Microsoft Enterprise Cloud Alliance Program. AppZero is a fast, flexible way to move Windows Server applications from any source machine – physical or virtual – to any destination server, in any cloud or datacenter, using its patented container technology. AppZero’s container is also called a Virtual Application Appliance (VAA). To facilitate Microsoft Azure onboarding, AppZero has two purpose-built offerings: AppZero SP for Azure,...
Aug. 28, 2015 03:15 PM EDT
WSM International, the pioneer and leader in server migration services, has announced an agreement with WHOA.com, a leader in providing secure public, private and hybrid cloud computing services. Under terms of the agreement, WSM will provide migration services to WHOA.com customers to relocate some or all of their applications, digital assets, and other computing workloads to WHOA.com enterprise-class, secure cloud infrastructure. The migration services include detailed evaluation and planning...
Aug. 28, 2015 03:01 PM EDT
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.
Aug. 28, 2015 02:15 PM EDT Reads: 413
A producer of the first smartphones and tablets, presenter Lee M. Williams will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. In his session at @ThingsExpo, Lee Williams, COO of ETwater, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ET...
Aug. 28, 2015 02:00 PM EDT
SYS-CON Events announced today the Containers & Microservices Bootcamp, being held November 3-4, 2015, in conjunction with 17th Cloud Expo, @ThingsExpo, and @DevOpsSummit at the Santa Clara Convention Center in Santa Clara, CA. This is your chance to get started with the latest technology in the industry. Combined with real-world scenarios and use cases, the Containers and Microservices Bootcamp, led by Janakiram MSV, a Microsoft Regional Director, will include presentations as well as hands-on...
Aug. 28, 2015 12:30 PM EDT Reads: 124
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, 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. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Aug. 28, 2015 12:30 PM EDT Reads: 146
This Enterprise Strategy Group lab validation report of the NEC Express5800/R320 server with Intel® Xeon® processor presents the benefits of 99.999% uptime NEC fault-tolerant servers that lower overall virtualized server total cost of ownership. This report also includes survey data on the significant costs associated with system outages impacting enterprise and web applications. Click Here to Download Report Now!
Aug. 28, 2015 12:30 PM EDT