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Enter Symbol
or Name
USA
CA



EnWave Corp
Symbol ENW
Shares Issued 71,406,522
Close 2011-09-14 C$ 1.60
Market Cap C$ 114,250,435
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EnWave signs R&D deal with Bonduelle Canada

2011-09-15 11:34 ET - News Release

Dr. Tim Durance reports

ENWAVE SIGNS RESEARCH & DEVELOPMENT AGREEMENT WITH AN OPTION TO LICENSE WITH BONDUELLE CANADA INC.

EnWave Corp. has signed a research and development agreement with an option to license with Bonduelle Canada Inc., a subsidiary of Bonduelle SAS, for production in Canada and the Eastern United States.

"Having developed many partnerships with companies outside of Canada, we are excited to begin a collaboration with a Canadian company that holds such a substantial presence in the global food sector," stated Dr. Tim Durance, chairman and co-chief executive officer, EnWave. "Bonduelle is a global leader in fresh, frozen and canned vegetables, and they have a significant corporate focus on the use of innovation to provide the highest-quality products to the market."

About Bonduelle

Bonduelle is Canada's leading processor of canned and frozen vegetables. Its expertise, along with that of its highest-calibre agricultural partners in the most fertile croplands in North America, guarantee products of superior quality that meet the very highest customer standards. The company's products are marketed under the private-brand labels of the major North American food distributors and supermarket chains, as well as under Bonduelle's own labels, which include Arctic Gardens frozen fruits and vegetables, a popular Canadian brand. Bonduelle has seven plants in Canada harvesting more than 335,000 tons of vegetables annually, with three plants in Ontario's famed Horseshoe Valley and four in the fertile St. Lawrence River Valley in Quebec.

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