Core Insights - EnWave Corporation has signed an Equipment Purchase Agreement with BranchOut Foods Inc. for a 120kW Radiant Energy Vacuum dehydration machine, marking the fourth large-scale REV™ machine acquired by BOF for its Peru production facility [1] - A License Amendment was also signed, granting BOF exclusive global rights to produce dragon fruit products using REV™ technology, with EnWave agreeing not to grant additional licenses for dragon fruit production as long as BOF meets minimum royalty requirements [2] Company Overview - BranchOut Foods Inc. specializes in high-quality dehydrated fruit and vegetable products using EnWave's REV™ technology, which preserves up to 95% of the original nutrition of fresh produce and is protected by over 17 patent families [3] - EnWave is a leader in vacuum microwave dehydration technology, with a robust intellectual property portfolio and a focus on providing efficient, scalable drying solutions for various industries, including food, pharmaceuticals, and cannabis [4][5] Strategic Positioning - EnWave's strategy involves signing royalty-bearing commercial licenses with food producers to enhance drying efficiency compared to traditional methods, allowing for faster moisture level optimization and improved product quality [6]

Core Insights - EnWave Corporation has signed a new royalty-bearing commercial license agreement with MicroDried® to expand its product offerings and has executed purchase agreements for three Radiant Energy Vacuum (REV™) machines [2][3][4] Group 1: License Agreement Details - MicroDried® gains exclusive rights to use EnWave's REV™ dehydration technology for producing mochi and Greek yogurt in North America, along with rights to manufacture additional dairy products like shredded cheese and cheesecake [3][15] - In exchange for these expanded rights, MicroDried® will pay incremental minimum annual royalties in addition to existing obligations under its fruit and vegetable license [3][16] Group 2: MicroDried® Expansion - MicroDried® is expanding its portfolio to include clean-label, nutrient-dense dairy and mochi ingredients, enhancing its position as a key supplier to major global food brands [4][17] - The company operates three large-scale vacuum-microwave drying lines in Nampa, Idaho, and is opening a new dairy processing facility in Washington State, expected to be operational this summer [5][18] Group 3: Equipment and Capacity - MicroDried® will install one of the newly purchased 10kW REV™ units and a 60kW machine at the new Dairy Facility, with the second 10kW machine designated for ongoing product development in Nampa [5][18] - With five large-scale REV™ machines, MicroDried® now holds the highest REV™ manufacturing capacity globally, prompting EnWave to begin building another large-scale REV™ machine for inventory [6][19] Group 4: Company Background - EnWave is a leader in vacuum microwave dehydration technology, with a robust intellectual property portfolio and a strategy to sign royalty-bearing commercial licenses with food producers [10][12][24] - The company has over fifty royalty-generating partners across twenty-four countries, enabling the creation of innovative snacks and ingredients [11][24]

Core Insights - EnWave Corporation has received a second progress payment from Procescir S.A. de C.V. for a 120kW Radiant Energy Vacuum (REV™) machine, aimed at commercial production of fruit and vegetable products in Mexico [1][2] - Procescir will utilize the REV™ machine to produce private-label and branded snack products, alongside a two-year toll drying agreement with a leading American healthy snack company, enhancing EnWave's royalty portfolio [2][3] Company Overview - EnWave is a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on providing efficient, scalable drying solutions for the food, pharmaceutical, and cannabis industries [5][6] - The company has over fifty royalty-generating partners across twenty-four countries, enabling them to create innovative snacks and ingredients while improving product quality and market speed [6][7] Strategic Developments - In anticipation of the payment from Procescir, EnWave began manufacturing the 120kW REV™ machine in late 2024, with delivery scheduled for July 2025 [3] - Concurrently, EnWave will start building an additional large-scale REV™ machine to meet future sales demands [3]

Core Insights - EnWave Corporation has signed an Equipment Purchase Agreement and License Amendment with MicroDried, enhancing their long-standing partnership [1][4] - MicroDried, a leading producer of premium fruit and vegetable ingredients, has utilized EnWave's REV™ technology since 2012 to provide high-quality, nutrient-dense products [2][3] Equipment Purchase Agreement - MicroDried will acquire an additional 60kW REV™ machine to increase production capacity in response to growing demand for its clean-label ingredients [3] - The agreement includes an option for MicroDried to purchase a second 60kW REV machine by July 31, 2025, with a pre-agreed bulk discount [3] License Amendment - The License Amendment grants MicroDried exclusive rights to use REV™ technology for apple ingredient production in Washington, Oregon, and Idaho, reinforcing its market leadership [4] MicroDried's Operations - MicroDried operates a state-of-the-art facility in Nampa, Idaho, with three large-scale vacuum-microwave drying lines and additional IQF production lines in Grandview, Washington [5] - The company emphasizes automation and food safety, maintaining top-tier certifications including BRC AA ratings and USDA Organic certification [6] EnWave's Technology and Strategy - EnWave is a leader in vacuum microwave dehydration, with a robust intellectual property portfolio and a focus on providing scalable drying solutions across various industries [8][10] - The company has over fifty royalty-generating partners globally, enabling them to create innovative snacks and ingredients while improving product quality [9]