Canadian Manufacturing

EnWave signs equipment purchase agreement with Fresh Business S.L.

Fresh Business has assigned the R&D License to a newly formed subsidiary, NEOREV INNOVATION S.L., and completed the purchase of the REV™ Equipment.

January 27, 2022   by CM Staff

VANCOUVER — EnWave Corporation announced on Jan. 27 that it has received a purchase order for a 10kW Radiant Energy Vacuum machine from Consulting Fresh Business S.L. to accelerate the development of commercial food, nutraceutical, and cosmetic products in Spain using EnWave’s technology. EnWave previously signed a Research and Development License Agreement with Fresh Business on January 13, 2021, at which time a non-refundable deposit was paid to EnWave for the REV™ Equipment. Fresh Business has assigned the R&D License to a newly formed subsidiary, NEOREV INNOVATION S.L., and completed the purchase of the REV™ Equipment to accelerate research and development on new products in collaboration with industry partners in Spain.

Fresh Business d.b.a. NEOREV intends to forge close partnerships with Spain-based technology hubs and innovation centers to leverage EnWave’s patented REV™ technology for the development of new commercial opportunities. The installation of the REV™ Equipment in Spain will enable industry companies to expedite the commercialization of applications using the EnWave technology. Fresh Business intends to partner with selected technology centers that will provide research and development services to demonstrate the value proposition of REV™ technology.

Fresh Business d.b.a. NXTDRIED (nxtdried.com) currently holds a royalty-bearing commercial license agreement to produce a broad portfolio of food products in Peru. EnWave commissioned a 100kW REV™ machine and 10kW REV™ machine at NXTDRIED’s Peruvian facilities in late 2020.

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