VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2011) - EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U) ("EnWave", or the "Company") announced today that the Company has signed a Research and Development Agreement with an option to license ("the Agreement") with Bonduelle Canada, Inc. ("Bonduelle"), a subsidiary of Bonduelle SAS for production in Canada and the eastern United States.
"Having developed many partnerships with companies outside of Canada, we are excited to begin a collaboration with a Canadian company that holds such a substantial presence in the global food sector," stated Dr. Tim Durance, Chairman Co-CEO, EnWave. "Bonduelle is a global leader in fresh, frozen, and canned vegetables, and they have a significant corporate focus on the use of innovation to provide the highest-quality products to the market."
EnWave Corporation is a Vancouver-based industrial technology company developing commercial applications for its proprietary Radiant Energy Vacuum (REV) dehydration technology. In collaboration with an expanding list of multinational partners, including Nestlé, Kellogg's, Danisco, Grupo Bimbo, and Grimmway Farms, 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.
Bonduelle is Canada's leading processor of canned and frozen vegetables. Its expertise, along with that of its highest calibre agricultural partners in the most fertile croplands in North America, guarantee products of superior quality that meet the very highest customer standards. The company's products are marketed under the private-brand labels of the major North American food distributors and supermarket chains, as well as under Bonduelle own labels, which include Arctic Gardens frozen fruits and vegetables, a popular Canadian brand. Bonduelle has seven plants in Canada harvesting more than 335,000 tons of vegetables annually, with three plants in Ontario's famed Horseshoe Valley and four in the fertile St. Lawrence River Valley in Quebec. For more information about Bonduelle, click on http://www.bonduelle.ca/en/index.php.
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 financial results are forward-looking statements. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. There is no guarantee that the Company's REV technology can or will improve processes in the target industry; even if the Company's REV technology can be used as described in this document, there is no guarantee that such use will result in orders for the Company's REV technology.
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