EnWave and BranchOut Foods Forge New Ground with Exclusive Deal
EnWave and BranchOut Foods Join Forces for New Agreement
EnWave Corporation (TSX-V:ENW | FSE:E4U) has recently made headlines by signing an amendment to its license agreement with BranchOut Foods Inc. This amendment opens the doors for BranchOut, a Peruvian food technology company, to exclusively produce dehydrated blueberry products using EnWave's innovative Radiant Energy Vacuum (REV™) technology.
Details of the Licensing Amendment
As part of the new agreement, BranchOut Foods will be required to pay a minimum annual royalty of US$50,000 starting from the year 2025. This minimum royalty pertains to the sales generated from the new line of blueberry products. Additionally, the company will make further exclusivity royalty payments for the other current rights encompassed within the original license agreement, ensuring a mutually beneficial relationship.
BranchOut's Innovative Approach
BranchOut is known for harnessing cutting-edge technology to produce an impressive variety of dehydrated fruits and vegetables. Operating three significant REV™ machines, two of which were recently brought online, the company focuses on producing high-quality snacks such as dried Brussel sprouts, bell peppers, bananas, avocados, and pineapple chips. Their operational success also includes offering manufacturing services to other brands, making them a versatile player in the food technology sector.
Emphasizing Revolutionary Dehydration Technology
EnWave's REV™ technology is a pioneering method that retains up to 95% of the original nutrients found in fresh fruits and vegetables. This patented dehydration process not only surpasses conventional drying methods in efficiency and product quality but also positions EnWave as a leading provider in the market. With a portfolio of over 17 patents, EnWave's technology allows BranchOut Foods to create unique, high-quality products that stand out in a crowded marketplace.
EnWave's Global Impact
With more than fifty royalty-generating partners across twenty-three countries, EnWave Corporation has significantly impacted the food industry. Their approach has enabled partners to innovate and launch new snacks and ingredients that were previously unimaginable. By utilizing EnWave’s technology, these partners can now achieve optimal moisture levels significantly faster than traditional drying methods, improving product quality and marketability.
The Future of Dehydrated Products
EnWave aims to collaborate with food producers interested in replacing outdated drying practices with their more efficient processes. This strategic focus allows partners to expand their product offerings, enhancing taste, texture, and nutritional benefits. As the demand for healthy snacks continues to rise, this partnership with BranchOut Foods promises to play a vital role in bringing exciting new dehydrated products to market.
Contact Information for EnWave
For those interested in learning more about EnWave Corporation and their technology, Mr. Brent Charleton, CFA, serves as the President and CEO and is available at +1 (778) 378-9616. Additional inquiries can be directed to Dylan Murray, CPA, CA, CFO at +1 (778) 870-0729.
Frequently Asked Questions
What is the main benefit of the new agreement between EnWave and BranchOut?
The agreement provides BranchOut with exclusive rights to produce dried blueberry products using EnWave's advanced dehydration technology, ensuring a unique product offering in the market.
How does EnWave's REV™ technology differ from traditional methods?
REV™ technology retains significantly more nutritional value compared to conventional drying methods and operates with greater efficiency, making it suitable for high-quality food production.
What products does BranchOut currently offer?
BranchOut produces a variety of dehydrated fruits and vegetables, including snacks like dried Brussel sprouts and pineapple chips, appealing to health-conscious consumers.
What are the minimum royalty requirements outlined in the amendment?
BranchOut Foods is expected to pay a minimum annual royalty of US$50,000 related to the sales of blueberry products as stipulated in the amendment.
Who can be contacted for more information about EnWave?
Mr. Brent Charleton, President and CEO, may be contacted for further details at +1 (778) 378-9616, or inquiries can be directed to Dylan Murray, CFO at +1 (778) 870-0729.
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