VANCOUVER, BRITISH COLUMBIA--(Marketwire - December 15, 2010) - EnWave Corporation (TSX VENTURE: ENW)(FRANKFURT: E4U) ("EnWave" or "the Company") today announced that the Company has signed a Collaboration Agreement ("the Agreement" or "the Collaboration") with the world's largest organic carrot and vegetable producer, Grimmway Farms ("Grimmway"), based in Lamont, California. The Collaboration will focus on the development and testing of a variety of dried vegetable products using EnWave's nutraREV™ dehydration technology. After a positive initial evaluation, the companies have agreed to enter a more extensive testing program with a completion target of Q3 2011. If successful, the Collaboration could lead to a commercial license and machine order by the end of 2011. Further terms of the Agreement are confidential.
"EnWave has gone from success to success in our ability to attract the world's largest food companies to test our nutraREV™ technology for healthy nutraDried™ food products and ingredients," stated EnWave Chairman and Co-CEO, Dr. Tim Durance. "This agreement marks our first foray into the American vegetable sector, and we are excited to begin working with a company with such a significant focus on both organic food production and new product innovation."
Started in 1971 as a small family farm in California's San Joaquin Valley, Grimmway Farms now has tens of thousands of acres of farmland under cultivation in the United States and produces dozens of different organic and non-organic food products including green vegetables, citrus fruits, carrots, onions, potatoes, lettuces and melons. As the world's largest carrot grower, processor and shipper, Grimmway also produces their own line of whole and peeled baby and petite carrots under the "Bunny Luv" and Cal-Organic Farms labels. In 1996, the company opened a 37,000 square foot vegetable juice processing plant.Grimmway now supplies a wide variety of vegetable juice products to virtually every major global food and beverage company.
About Grimmway Enterprises Inc.
Grimmway is a privately held company founded in 1971 by Rod and Bob Grimm in Anaheim, California. Grimmway's dedication to consistent quality and dependable service has made them a global leader in the vegetable industry. Today's consumers want food products that are innovative, exciting, and nutritious. Grimmway partners with other industry forerunners to develop creative new product ideas to satisfy these consumer wants. More information about Grimmway is available at: http://www.grimmway.com/intro.html.
Using proprietary technologies developed in conjunction with the University of British Columbia, EnWave is commercializing a new method for dehydrating food and biological materials using Radiant Energy Vacuum ("REV") technology under its nutraREV™, powderREV™, bioREV™ and freezeREV™ brands. REV technology combines microwave energy transfer under vacuum to dehydrate and alter structures and drive chemical reactions, thereby creating unique product characteristics for both food products and medical applications that include fruit, vegetables, probiotics, enzymes, proteins, food cultures, vaccines and antibodies. More information about EnWave is available at: www.enwave.net.
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. All figures comparing REV technologies to freeze drying or other dehydration technologies are provided as examples of data obtained through the Company's own scientific and testing programs; each product must be tested individually to determine the benefits of using REV.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.