EnWave Receives First Repeat Costco Order from Pacific Northwest Division for Moon Cheese
(firmenpresse) - EnWave Receives First Repeat Costco Order from Pacific Northwest Division for Moon Cheese
Vancouver, B.C., April 19, 2018, EnWave Corporation (TSX-V:ENW | FSE:E4U) (EnWave, or the "Company" - https://www.youtube.com/watch?v=AyKTfx_H0Tk&t=60s) announced today that NutraDried Food Company, LLC (NutraDried), a wholly owned subsidiary of the Company, has received a second purchase order for its Moon Cheese® snack product from Costco Wholesale Corporations (Costco) Pacific Northwest division after the initial rotation launch at the beginning of April 2018. The Company previously announced the first purchase order and product rotation in Costcos Pacific Northwest division in a press release dated March 14, 2018.
The recent repeat purchase orders from Costcos Pacific Northwest division along with the Midwest division demonstrates the success of club format packaging of Moon Cheese® in the Costco system. NutraDried will continue to pursue expanded distribution with Costco through both additional repeat orders and potential expansion into other Costco divisions. Each Costco purchase order represents significant revenue growth for NutraDried.
The current success of club format Moon Cheese® distribution in Costco does not guarantee future continued success.
About EnWave
EnWave Corporation, a Vancouver-based advanced technology company, has developed Radiant Energy Vacuum (REV) - an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV technology, shortening the time from harvest to marketable cannabis products.
REV technologys commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors including legal cannabis. EnWaves strategy is to sign royalty-bearing commercial licenses with industry leaders in multiple verticals for the use of REV technology. The company has signed over twenty royalty-bearing licenses to date, opening eight distinct market sectors for commercialization of new and innovative products. In addition to these licenses, EnWaves wholly-owned subsidiary, NutraDried Food Company, LLC, was formed to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese® brand.
EnWave has introduced REV as the new dehydration standard in the food and biological material sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently has three commercial REV platforms:
1.-nutraREV® which is used in the food industry to dry food products quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour;
2.-powderREV® which is used for the bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes below the freezing point, and
3.-quantaREV® which is used for continuous, high-volume low-temperature drying.
An additional platform, freezeREV®, is being developed as a new method 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
President & CEO
For further information:
John P.A. Budreski, Executive Chairman at +1 (416) 930-0914
E-mail: jbudreski(at)enwave.net
Brent Charleton, CFA, Senior Vice President, Sales and Business Development at +1 (778) 378-9616
E-mail: bcharleton(at)enwave.net
Deborah Honig, Corporate Development, Adelaide Capital Markets at +1 (604) 755-1348
E-mail: dhonig(at)enwave.net
Forward-Looking Information: 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 and market position are forward-looking statements. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions, including those relating to the expectation of commercially successful integration of the EnWave technology to the dehydration of cannabis, the outcome of EnWaves patent application, the ability of the Company to expand into the cannabis industry and successfully market its technology and patents, that the Company will be able to meet all applicable legal regulatory requirements in order to commercially exploit its patent, if and when its application is approved, or otherwise market its technology to cannabis industry participants, and other risks applicable to the Company as disclosed in its public filings. 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. EnWave does not undertake to update its forward-looking information unless required by applicable securities law. 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.
Leseranfragen:
EnWave Corporation ist ein in Vancouver ansässiges Technologieunternehmen das kommerzielle Applikationen für ihre geschützte Radiant Energy Vacuum (REV™) Trocknungstechnologie anbietet.
" alt="Quantum Initiates 2 Phase 2018 Work Program for Cobalt PortfolioDatum: 20.04.2018 - 09:17 Uhr
Sprache: Deutsch
News-ID 574658
Anzahl Zeichen: 5931
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 231 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"EnWave Receives First Repeat Costco Order from Pacific Northwest Division for Moon Cheese
"
steht unter der journalistisch-redaktionellen Verantwortung von
EnWave Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
