February 04, 2014 – EnWave Corporation
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that the Company has successfully installed a nutraREV® machine for Napa Mountain Spice Company™ (“Napa Mountain™”), a specialty spice company focused on the production of organic bay leaves in Northern California. Napa Mountain™ has begun using the nutraREV® unit for the processing of their dehydrated spice products. A seasoned spice manufacturer with over thirty years of operational experience, Napa Mountain™ is known for producing superior-quality products that demand premium market value.
The key product enhancements created by the use of Radiant Energy Vacuum (“REV™”) technology include an enhanced flavor profile, brighter natural color and the increased preservation of nutritional properties. Napa Mountain is also using REV™ technology to achieve the highest food safety industry-standards.
Pursuant to the Commercial License signed in September 2013 by both companies, Napa Mountain will pay EnWave a royalty on the wholesale revenue derived from the sale of any products dried using the Company’s REV™ technology. All other terms of the existing Commercial License are confidential.
“This successful machine installation and start-up at Napa Mountain™ is the first of many machine installations that EnWave hopes to complete in 2014,” stated Dr. Tim Durance, Chairman and Co-CEO of EnWave.
“EnWave’s REV™ technology has improved our efficiency, tracking ability and processing protocols; offering even more benefits than originally anticipated,” stated Mr. Paul Attard, CEO of Napa Mountain™. “Napa Mountain hopes to increase its market share by offering the highest-quality bay leaf products available anywhere in the world with cycle times reduced from one day to less than one hour.”
About Napa Mountain
Since 1978 and now in its third family generation, the Napa Mountain family has been producing the finest organic California bay leaves. Napa Mountain grows their spices on over 2,000 acres outside of San Francisco in Northern California. As members of the American Spice Trade Association (ASTA) they are committed to best practices of harvest and production combined with personal artisan care. All of their products are created from organic and sustainable agricultural practices. Napa Mountain has existing business relationships with major consumer spice companies. The company is committed to best practices in the application of technology and protocols for leadership in food safety and product quality. For more information on Napa Mountain, please visit www.napamountain.com.
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.
Also, EnWave has entered into a wide range of research and collaboration agreements with an expanding list of multinational companies. 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 and Co-CEO
For further information:
Mr. Brent Charleton, Vice President, Corporate Affairs at (778) 378-9616
Mr. John McNicol, President & Co-CEO, EnWave Corporation at (604) 601-8524
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