EnWave Signs License Agreement, and Equipment Purchase Agreement with Teagasc, the Agricultural and Food Development Authority of Ireland

Core Insights - EnWave Corporation has signed a license and equipment purchase agreement with Teagasc, the Agriculture and Food Development Authority of Ireland, to utilize its Radiant Energy Vacuum (REV™) dehydration technology [1][2] Group 1: License Agreement - The license grants Teagasc R&D rights to use EnWave's REV™ technology in collaboration with its clients and partners [2] - Teagasc will purchase a 10kW REV™ machine to enhance its facility and demonstrate the value of REV™ technology [2] Group 2: Teagasc Overview - Teagasc is responsible for research, advisory, and training services in the agri-food sector in Ireland [3] - The organization has received funding for the AIMBIO project, which focuses on transforming marine and aquatic side-streams into high-value ingredients [3] Group 3: Project AIMBIO - The AIMBIO project aims to demonstrate bioprocessing solutions using side-streams from aquaculture and seafood processing [3] - Teagasc will utilize the REV™ dryer to enable efficient drying of marine side-streams for further processing [3] Group 4: EnWave Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and proven drying solutions for various industries [5] - The company has over fifty partners across twenty-four countries, enhancing product quality and market speed through its technology [6] Group 5: EnWave's Strategy - EnWave aims to sign royalty-bearing commercial licenses with food producers to improve drying efficiency compared to traditional methods [7] - The benefits of using REV™ technology include faster moisture level achievement and improved product attributes such as taste and nutritional value [7]