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IRW-Press: EnWave Subsidiary, Hans Binder Maschinenbau GmbH, Secures New Machine Orders



Published on 18 July 2014



by Press Office

(IRW-PRESS and WireNews)

Vienna, Austria


EnWave Corporation (TSX-V:ENW FSE:E4U) (“EnWave”, or the 'Company') - http://www.commodity-tv.net/c/search-adv/?v=285866 - is pleased to announce that its German subsidiary, Hans Binder Maschinenbau GmbH (“Binder”), has secured a machine order valued at approximately CDN$3,360,000, contributing to a total of roughly CDN$5,700,000 in conventional dryer orders from a variety of customers located throughout Europe, Africa and North America over the past several months. Based on the Company’s percentage of completion accounting method, the majority of these orders are expected to be gradually realized as revenue in the second half of calendar 2014 and Q1 calendar 2015.

About Hans Binder Maschinenbau GmbH

Established in 1950, Hans Binder Maschinenbau GmbH designs and develops custom driers and complete dehydration turn-key plants for customers worldwide from their engineering and machine building operation in Marzling, Germany. Binder has extensive experience in both the food and chemical industries with expertise in vacuum microwave drying through their unique continuous tray-based method sold under the MIVAP™ brand. For more information, please visit www.hans-binder.de.

About EnWave

EnWave Corporation is a Vancouver-based industrial technology company developing commercial applications for its proprietary Radiant Energy Vacuum (REV™) 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 ten royalty-bearing licenses, opening up eight distinct market sectors for commercialization with companies that include Bonduelle, a global leader in the production of vegetables; Hormel Foods Corporation, a major processed meat manufacturer in the United States of America; and Sutro Biopharma, a company developing a protein synthesis process for the pharmaceutical industry. In addition to these licenses, EnWave has formed a Limited Liability Partnership, NutraDried LLP, to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese brand. The Company has also signed a license and manufacturing agreement with NutraDried Creations to market the dried cheese and other REV™ snack products through private label distribution channels in the United States and Latin America.

EnWave has signed a wide range of research agreements with an expanding list of companies that include Nestlé, Kellogg’s, Ocean Spray Cranberries, Sun-Maid Growers, R.J. Reynolds and Merck among others. EnWave is introducing REV™ 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™ platforms: commercial-scale nutraREV and MIVAP are used in the food industry to dry food products quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour. The Company has also commercialized powderREV for bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes below the freezing point; quantaREV™ for continuous, high-volume low-temperature drying; and bioREV™ and freezeREV™ as new methods to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies. More information about EnWave is available at http://www.enwave.net.

EnWave Corporation

Dr. Tim Durance

President & CEO

For further information:

Mr. John Budreski, Executive Chairman

EnWave Corporation

Tel: +1 (416) 930-0914

Email: jbudreski@enwave.net

Mr. Brent Charleton, Vice President

Corporate Affairs at +1 (778) 378-9616

Email: bcharleton@enwave.net

EnWave Corporation

Suite 2000 - 1066 West Hastings Street, Vancouver, B.C., CANADA V6E 3X2

Tel (604) 806-6110; Fax (604) 806-6112

TSX Venture Exchange trading symbol: ENW

In Europe:

Swiss Resource Capital AG

info@resource-capital.ch

http://www.resource-capital.ch

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.


Contacts

  •  
  • Joachim Brunner
  • IRW-Press
  • PR Contact
  • Tel: +43724221193011
  •  
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Posted 2014-07-18 10:47:00