11:42 AM EDT, 04/02/2024 (MT Newswires) -- EnWave ( NWVCF ) on Tuesday said it signed a technology evaluation and license option agreement with a North American food company led by a chef with multiple Michelin stars after it trialed EnWave's ( NWVCF ) Radiant Energy Vacuum (REV) dehydration technology prior to committing to this next phase of testing.

The Food Company will rent a pilot-scale REV machine for use at their own facility to expedite the development of culinary creations. If successful, EnWave ( NWVCF ) will potentially support larger-scale production of REV-dried products for the company at its REVworx toll-drying facility or help facilitate a co-manufacturing relationship with another licensed royalty partner within EnWave's ( NWVCF ) network. The rental period for the pilot-scale REV machinery is for at least three months.

EnWave ( NWVCF ) shares were last seen down C$0.01 to C$0.28 on the TSX Venture Exchange.

Price: 0.28, Change: -0.01, Percent Change: -3.45