EnWave agrees to sell 120 kW REV machine to BranchOut

Executive Summary

• EnWave Corp. has entered into an equipment purchase agreement with BranchOut Foods Inc. (BOF) to supply a 120-kilowatt radiant energy vacuum (REV) dehydration machine, marking BOF's fourth large-scale unit for its Peruvian production facility.
• Concurrently, EnWave granted BOF exclusive global rights to produce dragon fruit products using REV technology, contingent upon BOF meeting specific minimum royalty requirements.
• This agreement expands EnWave's commercial footprint in the food industry, leveraging its patented vacuum microwave dehydration technology to compete against traditional drying methods like freeze drying and air drying.

Key Details

• Equipment Sale: EnWave signed an Equipment Purchase Agreement (EPA) with BranchOut Foods Inc. (BOF).
• Machine Specifications: The deal involves the delivery of a 120-kilowatt radiant energy vacuum (REV) dehydration machine.
• Customer Context: This is the fourth large-scale REV machine acquired by BOF; the company produces dried fruit and vegetable products sold under its own brand, as private-label applications, and as bulk ingredients to other food manufacturers.
• Licensing Agreement: EnWave and BOF signed a license amendment granting BOF exclusive global rights to produce dragon fruit products using REV technology.
• Exclusivity Terms: EnWave agreed not to grant additional licenses for REV technology for dragon fruit production, provided BOF satisfies certain minimum royalty requirements throughout the term of the license agreement.
• Technology Benefits: The REV technology is described as offering faster moisture removal (up to seven times faster than traditional methods), improved taste, texture, color, and nutritional value, and lower costs compared to freeze drying, rack drying, and air drying.
• Company Footprint: EnWave reports having more than 50 partners across 24 countries and five continents.

Notable Quotes

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