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Enwave Corp ( (TSE:ENW) ) has provided an update.
EnWave Corporation has amended its royalty-bearing license agreement with Patatas Fritas Torres S.L. of Spain, allowing the latter to expand its product portfolio. By utilizing the existing distribution network, PFT aims to broaden its offerings in the nutritious, shelf-stable snack market, committing to pay additional annual royalties to EnWave. This expansion is expected to increase manufacturing utilization and could lead to further purchases of EnWave’s REV™ machinery, potentially boosting EnWave’s market position and stakeholder value.
More about Enwave Corp
EnWave Corporation is a global leader in vacuum microwave dehydration technology, providing innovative drying solutions for the food, pharmaceutical, and cannabis industries. The company is known for its Radiant Energy Vacuum (REV™) technology, which enhances efficiency, capacity, product quality, and cost-effectiveness compared to traditional drying methods. EnWave collaborates with over fifty royalty-generating partners across twenty-three countries, helping them create innovative snacks and ingredients while improving their existing offerings.
YTD Price Performance: -2.27%
Average Trading Volume: 74,342
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$23.88M
See more data about ENW stock on TipRanks’ Stock Analysis page.