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EnWave inks deal with Australia's Bowen Gumlu - ICYMI
Proactiveinvestors NA· 2026-02-07 13:22
Core Viewpoint - EnWave Corp has announced a significant contract with Bowen Gumlu in North Queensland, Australia, which will enhance the adoption of its vacuum microwave drying technology in the processing of fruits and vegetables [1][3]. Group 1: Contract Details - The contract with Bowen Gumlu is the first to be finalized, with expectations for more deals to follow in the coming months [3]. - This agreement allows EnWave to connect with multiple new potential adopters of its technology, particularly in the agricultural sector focused on fresh and frozen products [3][4]. Group 2: Market Potential - The Bowen Gumlu area has an annual farmgate production valued at AU$650 million, primarily involving crops like tomatoes, beans, and corn, which are suitable for EnWave's technology [4]. - The utilization of vacuum microwave technology is expected to enable the production of various snack and ingredient forms, targeting both domestic and export markets, particularly in neighboring Asian countries [4]. Group 3: Equipment and Support - The deal includes the procurement of a ten-kilowatt unit that will be available to Bowen Gumlu's industry association partners for testing and development [5]. - EnWave has established a presence in Australia through a third-party machine reseller, Cytek, which will assist with product and process development, potentially leading to additional large-scale orders [5].