EnWave (NWVCF) announced that it has signed an amendment to the royalty-bearing license agreement entered into with BranchOut Foods (BOF) of Peru. The Amendment grants BranchOut the exclusive right to produce dried blueberry products using EnWave’s Radiant Energy Vacuum dehydration technology in Peru. Pursuant to the Amendment, BranchOut will pay a minimum of US$50,000 in annual royalties relating to the sales of blueberry products beginning in 2025. BranchOut is also contracted to pay additional minimum exclusivity royalties to EnWave in 2025 for the other existing rights granted in the License Agreement.
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