EnWave enters licence deal with royalty with U.S. co.

Executive Summary

• EnWave Corp. signed a royalty-bearing commercial license agreement with a U.S. snack company to utilize its radiant energy vacuum dehydration technology for producing fruit- and vegetable-based snacks.
• The licensee purchased a 10-kilowatt radiant energy vacuum dehydration machine for initial commercial production, which will be installed at a third-party manufacturing partner in Mexico before the end of 2025.
• The licensee has secured global rights to produce its proprietary snack products, subject to meeting contracted annual minimum royalty requirements, with product launches planned for Mexico in Q1 2026 and the U.S. market in 2027.

Key Details

• Agreement Type: Royalty-bearing commercial license agreement.
• Counterparty: A U.S. snack company (specific identity to be released in conjunction with the official product launch in 2026).
• Product: Ultrahealthy, fruit- and vegetable-based snacks; the licensee claims its proprietary snack is the "healthiest salty snack ever produced."
• Equipment Sale: Sale of a 10-kilowatt radiant energy vacuum dehydration machine.
• Installation Location: Large third-party manufacturing partner in Mexico.
• Installation Timeline: Before the end of 2025.
• Commercial Launch Schedule:
  • Mexico: First calendar quarter of 2026.
  • U.S. Market Expansion: 2027.
• License Terms:
  • Licensee secured global rights to produce proprietary fruit- and vegetable-based snack products.
  • Rights are contingent upon meeting contracted annual minimum royalty requirements.
  • Licensee holds non-exclusive rights to produce several other fruit and vegetable snack products under its own brand.
• Technology Application: The technology is used for drying processes, offering benefits such as reaching optimal moisture levels up to seven times faster than traditional methods and improving taste, texture, color, and nutritional value.