EnWave signs licence deal with Teagasc

Executive Summary

• EnWave Corp. has entered into a license agreement and equipment purchase agreement with Teagasc, the Agriculture and Food Development Authority of Ireland.
• The agreement grants Teagasc R&D rights to use EnWave's proprietary Radiant Energy Vacuum (REV) dehydration technology for collaboration with clients and research partners.
• Teagasc has purchased a 10-kilowatt REV machine to support the AIMBIO project, with delivery expected before the summer of 2026.

Key Details

• Agreement Type: License Agreement and Equipment Purchase Agreement.
• Counterparty: Teagasc (The Agriculture and Food Development Authority of Ireland).
• License Terms: Grants Teagasc R&D rights to use EnWave's proprietary REV dehydration technology in collaboration with current/future clients and industry/research partners.
• Equipment Purchase:
  • Item: 10-kilowatt REV machine.
  • Purpose: To showcase state-of-the-art facility capabilities and support the AIMBIO project.
  • Delivery Timeline: Expected before the summer of 2026.
• Strategic Context: The equipment will be used to support Teagasc's AIMBIO project (All Island Marine Bio-based Refineries for Circular Blue-Bioeconomy), which focuses on transforming marine and aquaculture side streams into high-value ingredients. REV technology will enable rapid, energy-efficient drying of these side streams for downstream extraction and product development.

Notable Quotes

• No direct quotes from EnWave management were included in the provided text.