EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U)  ("EnWave", or the
"Company") announced today that the Company has amended the existing Lease
Agreement (the "Agreement") with a division of Bonduelle ("Bonduelle"), the
world's leading vegetable producer, to provide a 120kW quantaREV(R) machine
rather than a 120kW MIVAP(TM) plant to create and develop dehydrofrozen ("DHF")
vegetables as part of their business development efforts. 


DHF vegetables are partially dehydrated and then quickly frozen. The purpose of
this process is to retain nutritional content, color, flavor and most
importantly texture when cooked from the frozen state. 


Recent advancements made by EnWave's engineering group regarding the development
of the quantaREV(R) platform has enabled this change to occur, which will
establish an increased synergy for the overall project and relationship with
Bonduelle going forward. The two companies will concurrently collaborate on the
research and development and on the design of an operational quantaREV(R)
machine, up to 400kW, for DHF vegetable production with target finished frozen
product capacity of between 3 and 4 tonnes per hour. The larger quantaREV(R)
machine design is expected to be completed in 2015 providing Bonduelle with the
opportunity to launch DHF products in a broader way.


"It is Bonduelle's preference to work with the quantaREV(R) platform throughout
our development process with EnWave as it is the platform we plan to ultimately
use," stated Mr. Daniel Vielfaure, Chief Executive Officer of Bonduelle
Americas. "Continued collaboration through the next stage of development is
critical to the ultimate success of our project."


"The advancement of our quantaREV(R) technology allows us to offer an
appropriate platform for the next stage of Bonduelle's project," stated Dr. Tim
Durance, Chairman and Co-CEO of EnWave. "Working with quantaREV(R) throughout
the entire project should provide opportunities to increase efficiencies and
reach a potentially positive outcome sooner."


About Bonduelle 

Bonduelle has a clear goal: to be a nutrition partner for consumers. It does all
it can to encourage people to eat vegetables by offering a very wide product
range which is extensively available in over 100 countries worldwide. Today the
company has over 80 types of vegetable and has been present since 1998 in four
segments: canned, frozen, fresh and delicatessen salads. Bonduelle is above all
a 'corporate' brand and a family brand. The brand name is both the name of the
company and the name of the founding family, whose activities began back in the
middle of the 19th Century. Giving the family's name to the product ensures that
consumers immediately identify the product and recognize the name, Bonduelle.
Its Chief Executive Officer, Christophe Bonduelle, represents the 6th generation
of this family business. For more information on Bonduelle please visit
www.bonduelle.com.


About EnWave 

EnWave Corporation is a Vancouver-based industrial technology company developing
commercial applications for its proprietary Radiant Energy Vacuum (REV(TM))
dehydration technology. EnWave aims to sign royalty-bearing commercial licenses
with leading food and pharmaceutical companies for the use of its revolutionary
technology. Thus far the Company has signed commercial licenses with Bonduelle,
a global leader in the production of vegetables, for the processing of
dehydrofrozen vegetables; Hormel Food Corporation, a major processed meat
manufacturer, for the production of healthy dried meat products; Milne Fruit
Product, EnWave's first major licensee, for the production of several dehydrated
fruit and vegetable products in the whole, fragmented and powdered form; a
leading North American enzyme company, to dehydrate a series of food-related
enzymes for their Tier 1 clients; and Napa Mountain Spice Company, to dry
high-quality California bay leaves. In addition to these licenses, EnWave has
formed a Limited Liability Partnership with Lucid Capital Management to develop,
manufacture, market and sell all-natural cheese snack products in the United
States under the Moon Cheese(R) brand. 


Also, EnWave has entered into a wide range of research and collaboration
agreements with an expanding list of multinational companies, including Nestle,
Kellogg's, Grupo Bimbo, Grimmway Farms, Ocean Spray Cranberries, Cherry Central,
Sun-Maid Growers, Gay Lea Foods, R.J. Reynolds and Merck. EnWave is introducing
REV(TM) as a new dehydration standard in the food and biological material
sectors: potentially faster and cheaper than freeze drying, with better end
product quality than air drying or spray drying.


EnWave currently has six REV(TM) platforms: commercial-scale nutraREV(R) and
MIVAP(R) are used in the food industry to dry fruits, vegetables, meat, herbs
and seafood quickly and at low-cost, while maintaining high levels of nutrition,
taste, texture and colour. The Company is also developing powderREV(R) for bulk
dehydration of food cultures, probiotics and fine biochemicals such as enzymes;
quantaREV(TM) for continuous, high-volume low-temperature drying of pastes,
gels, liquids, or particulates; and bioREV(TM) and freezeREV(TM) as new methods
to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies.
More information about EnWave is available at www.enwave.net. 


EnWave Corporation

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 the
expected synergies following the closing are forward-looking statements. All
third party references to market information in this release are not guaranteed
to be accurate as the Company did not conduct the original primary research.
These statements are not a guarantee of future performance and involve a number
of risks, uncertainties and assumptions. Although the Company has attempted to
identify important factors that could cause actual results to differ materially,
there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
EnWave Corporation
Mr. John McNicol
President & Co-CEO
(604) 601-8524
john.mcnicol@enwave.net


EnWave Corporation
Mr. Brent Charleton
Vice President, Corporate Affairs
(778) 378-9616
bcharleton@enwave.net
EnWave (TSXV:ENW)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more EnWave Charts.
EnWave (TSXV:ENW)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more EnWave Charts.