Core Insights - EnWave Corporation has signed an amendment to its royalty-bearing license agreement with Procescir S.A. de C.V., expanding the range of fruit and vegetable products covered under the license [1] - The amendment allows Procescir to capitalize on current commercial opportunities and explore new projects, with the delivery of a 120kW Radiant Energy Vacuum (REV™) machine scheduled for July 2025 [1] - Procescir will commence commercial production of fruit snack products for a prominent American snack brand immediately after the machine's delivery [1] Group 1: Company Developments - The Equipment Purchase Agreement (EPA) signed by Procescir involves the acquisition of auxiliary support equipment for the 120kW REV™ machine, with a transaction amount of approximately CA$170k [2] - Procescir has been operating in Northwest Mexico since 1960 and began commercializing frozen vegetables in 2022 at its processing plant in Hermosillo, Sonora [3] - EnWave is recognized as a leader in vacuum microwave dehydration technology, with a strong intellectual property portfolio and a focus on providing efficient drying solutions across various industries [4][6] Group 2: Market Position and Strategy - EnWave's strategy includes signing royalty-bearing commercial licenses with food producers to enhance drying efficiency compared to traditional methods, enabling faster production and improved product quality [6] - The company has established partnerships with over fifty partners across twenty-four countries, facilitating the creation of innovative snacks and ingredients [5] - EnWave's technology allows producers to achieve optimal moisture levels up to seven times faster, enhancing taste, texture, color, and nutritional value of the products [6]

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]