Blackhawk’s Investee NuWave Foods Signs Technology Evaluation and License Option Agreement With EnWave Corporate
14 Mai 2020 - 8:00AM
Blackhawk Growth Corp. (CSE: BLR; Franfurt:0JJ; US-OTC: BLRZF) (the
“
Corporation” or “
Blackhawk”), is
pleased to provide a corporate update on its latest investment
NuWave Foods Inc. (“Nu Wave”). NuWave recently signed a
“Technology Evaluation and License Option Agreement” (“TELOA”) with
EnWave Corporation (“EnWave”) (TSX.V:ENW). During the term of the
TELOA, NuWave will have full access to EnWave’s patented drying
technology and access to their food engineers for product
development and technology evaluation purposes. In addition, NuWave
has the option to license EnWave’s Radiant Energy Vacuum (“REV™”)
technology for donuts and fritters in North America. REV™ equipment
is expected to arrive at NuWave’s Edmonton facility in the coming
weeks.
"This is a huge leap forward,” said Frederick
Pels CEO of Blackhawk. “Access to EnWave’s proven equipment for the
dehydration of baked goods will allow NuWave to rapidly expand its
product line through collaborative product development. We couldn't
be more excited to be working with the amazing team at EnWave, and
the timing of this agreement could not be more important. Amid the
growing threat of COVID-19, people all over North America have been
scrambling to stock their pantries with limited options available.
NuWave is positioned to bring high quality, shelf stable baked
goods to the marketplace at a time when it's needed the most. With
EnWave’s technology and NuWave's quality products and methods, we
are able to keep food preservative free and get it to the market
quickly. We look forward to growing with NuWave as they create
products designed for the world's rapidly changing needs. "
About NuWave Foods Inc
NuWave Foods is a fully licenced commercial
kitchen and baked goods manufacturer located in Edmonton, Alberta.
Nu Wave has a process to create a shelf stable baked product,
without the use of any preservatives. This can be applied to
virtually any baked good. Given the current world climate, demand
for products with shelf stability has skyrocketed. Using Nu Wave’s
considerable contacts in the food industry across North America, Nu
Wave is positioned to quickly be a leader in this rapidly growing
space.
For further information please contact:
Frederick Pels, Chief Executive
Officer
(403)-991-7737
fred@greenroommed.ca
Cautionary Note Regarding
Forward-Looking Statement
All statements in this press release, other than
statements of historical fact, are “forward-looking information”
with respect to the Company within the meaning of applicable
securities laws, including with respect the development and
marketing of products by NuWave. The Company provides
forward-looking statements for the purpose of conveying information
about current expectations and plans relating to the future and
readers are cautioned that such statements may not be appropriate
for other purposes. By its nature, this information is subject to
inherent risks and uncertainties that may be general or specific
and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved.
These risks and uncertainties include but are not limited those
identified and reported in the Company’s public filings under the
Company’s SEDAR profile at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate as actual results and
future events could differ materially from those anticipated in
such statements. The Company disclaims any intention or obligation
to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise unless
required by law.
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