$ENW.V

EnWave Signs Technology Evaluation and License Option Agreement With Swiss Cannabis Selection AG

EnWave (ENW.V) entered into a Technology Evaluation and License Option agreement with Swiss Cannabis Selection AG (SCS), a Switzerland based medical cannabis company focused on the cultivation, development and production of cannabis and cannabis products for medical purposes, it said on Monday.SCS is collaborating with Switzerland based-Schibano Pharma AG on the evaluation of EnWave's proprietary Radiant Energy Vacuum (REV) dehydration technology. SCS will have the option to enter into a commercial license agreement granting certain rights to deploy REV technology within agreed-upon markets and applications, upon successful completion of the evaluation program.The evaluation will focus on assessing REV technology's ability to process cannabinoid and botanical materials "efficiently while preserving critical quality attributes and meeting the operational and regulatory requirements of SCS and Schibano," it said. Evaluation activities are expected to start in the coming months, it added.Shares of the company were last seen down 4.3% at $0.225 on the TSX Venture Exchange.Price: $0.23, Change: $-0.01, Percent Change: -4.26%

Update: EnWave Swings to a FQ2 Loss; Signs Technology Evaluation and License Option Agreement with a "Leading Global Packaged Food Company"

(Updates with the company's second quarter results and share movement.)EnWave (ENW.V) on Friday said its swung to a loss in its fiscal second quarter, and signed a technology evaluation and license option agreement with a "leading global packaged food company."The company lost C$1.1 million in the quarter, compared to net income after income tax of C$0.8 million in the year-ago quarter.Fiscal second-quarter revenue was C$1.2 million, down from C$3.7 million in the corresponding year-ago quarter."The decrease was primarily related to fewer machine sales and machines in fabrication due to the inherent volatility in large-scale Radiant Energy Vacuum ("REV") machine orders," stated the company.Earlier Friday, the company also said it entered into a technology evaluation and license option agreement with "one of the world's largest multinational food companies".According to the agreement, the partner will conduct a commercial-scale evaluation of EnWave's proprietary Radiant Energy Vacuum (REV) dehydration technology for potential application across multiple food categories within the partner's "extensive global product portfolio", said the company.Subject to successful completion of the evaluation program, the agreement provides the partner with the option to negotiate one or more commercial royalty-bearing licenses for the use of REV technology, stated the company.The partner is a "global leader" in branded consumer foods with annual revenues exceeding US$20 billion and operations spanning retail grocery, snack foods, breakfast cereals, frozen foods, convenience meals, and ingredient solutions, noted the company, and added that the partner distributes products in more than 100 countries and maintains a portfolio of internationally recognized household brands."The evaluation program will focus on assessing REV's ability to preserve flavor, texture, color, and nutritional characteristics while reducing drying times compared to conventional dehydration methods," said the company. "The Partner is also expected to evaluate REV's potential to support premium product innovation and manufacturing efficiencies across select high-volume product categories."The company expects the evaluation work to begin over the coming months at the partner's facilities and at EnWave's innovation center in Vancouver, Canada.The company's shares were last seen unchanged at C$0.23 on the TSX Venture Exchange.

EnWave Signs Technology Evaluation and License Option Agreement with "Leading Global Packaged Food Company"

EnWave (ENW.V) entered into a technology evaluation and license option agreement with "one of the world's largest multinational food companies", stated the company on Friday.According to the agreement, the partner will conduct a commercial-scale evaluation of EnWave's proprietary Radiant Energy Vacuum (REV) dehydration technology for potential application across multiple food categories within the partner's "extensive global product portfolio", said the company.Subject to successful completion of the evaluation program, the agreement provides the partner with the option to negotiate one or more commercial royalty-bearing licenses for the use of REV technology, stated the company.The partner is a "global leader" in branded consumer foods with annual revenues exceeding US$20 billion and operations spanning retail grocery, snack foods, breakfast cereals, frozen foods, convenience meals, and ingredient solutions, noted the company, and added that the partner distributes products in more than 100 countries and maintains a portfolio of internationally recognized household brands."The evaluation program will focus on assessing REV's ability to preserve flavor, texture, color, and nutritional characteristics while reducing drying times compared to conventional dehydration methods," said the company. "The Partner is also expected to evaluate REV's potential to support premium product innovation and manufacturing efficiencies across select high-volume product categories."The company expects the evaluation work to begin over the coming months at the partner's facilities and at EnWave's innovation center in Vancouver, Canada.The company's shares were last seen up $0.005 at $0.235 on the TSX Venture Exchange.Price: $0.25, Change: $+0.02, Percent Change: +6.52%

Earnings Flash (ENW.V) EnWave Corporation Reports Q2 Revenue C$1.16M, Down YoY

EnWave Signs Commercial License Agreement With The Dry Hub to Establish REV Drying Operations in Egypt

EnWave (ENW.V) on Wednesday said it signed an exclusive, royalty-bearing commercial license agreement with The Dry Hub, an Egyptian food processing company.The company said DryHub, under the terms of the license, will buy a 10kW REV machine to initiate commercial production at its facility in Egypt. DryHub will hold an exclusive right to use EnWave's patented REV technology to dry select fruits, vegetables, and herb products in the country of Egypt.It also said that DryHub will pay a royalty commensurate with certain other existing licenses granted by EnWave. Pursuant to the license, DryHub must buy additional REV equipment within 18 months of the commissioning date of the 10kW REV machine and remit minimum royalty requirements to keep their exclusive rights.Shares of the company were last seen unchanged at $0.265 on the TSX Venture Exchange.