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Enwave Corp ( (TSE:ENW) ) has issued an announcement.
EnWave Corporation has entered an Equipment Purchase Agreement and License Amendment with Sprouted Proteins SAC in Peru, enhancing their collaboration. The amendment allows Sprouted Proteins exclusive rights to produce starch-based snacks and instant soups in Peru, with royalty payments to EnWave. Sprouted Proteins has also acquired REV™ machines to boost production, with plans to purchase a larger machine to maintain exclusive rights, strengthening EnWave’s market position.
More about Enwave Corp
EnWave Corporation is a global leader in vacuum microwave dehydration technology, headquartered in Delta, BC. It specializes in Radiant Energy Vacuum (REV™) technology, offering efficient and scalable drying solutions for the food, pharmaceutical, and cannabis industries, outperforming traditional methods in efficiency, capacity, product quality, and cost.
YTD Price Performance: 22.73%
Average Trading Volume: 77,664
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$29.99M
See more insights into ENW stock on TipRanks’ Stock Analysis page.