12:27:06 EDT Thu 08 May 2025
Enter Symbol
or Name
USA
CA



EnWave Corp
Symbol ENW
Shares Issued 80,771,276
Close 2014-04-24 C$ 1.21
Market Cap C$ 97,733,244
Recent Sedar Documents

EnWave amends lease agreement with Bonduelle

2014-04-25 09:06 ET - News Release

Dr. Tim Durance reports

ENWAVE AMENDS LEASE AGREEMENT WITH BONDUELLE TO DELIVER 120KW QUANTAREV(R) MACHINE

EnWave Corp. has amended the existing lease agreement with a division of Bonduelle, the world's leading vegetable producer, to provide a 120-kilowatt quantaREV machine, rather than a 120-kilowatt MIVAP plant, to create and develop dehydrofrozen (DHF) vegetables as part of its business development efforts.

DHF vegetables are partially dehydrated and then quickly frozen. The purpose of this process is to retain nutritional content, colour, flavour and, most importantly, texture when cooked from the frozen state.

Recent advancements made by EnWave's engineering group regarding the development of the quantaREV platform have enabled this change to occur, which will establish an increased synergy for the overall project and relationship with Bonduelle going forward. The two companies will concurrently collaborate on the research and development and on the design of an operational quantaREV machine, up to 400 kilowatts, for DHF vegetable production with target finished frozen product capacity of between three tonnes and four tonnes per hour. The larger quantaREV machine design is expected to be completed in 2015, providing Bonduelle with the opportunity to launch DHF products in a broader way.

"It is Bonduelle's preference to work with the quantaREV platform throughout our development process with EnWave as it is the platform we plan to ultimately use," stated Daniel Vielfaure, chief executive officer of Bonduelle Americas. "Continued collaboration through the next stage of development is critical to the ultimate success of our project."

"The advancement of our quantaREV technology allows us to offer an appropriate platform for the next stage of Bonduelle's project," stated Dr. Tim Durance, chairman and co-chief executive officer of EnWave. "Working with quantaREV throughout the entire project should provide opportunities to increase efficiencies and reach a potentially positive outcome sooner."

About Bonduelle

Bonduelle has a clear goal -- to be a nutrition partner for consumers. It does all it can to encourage people to eat vegetables by offering a very wide product range, which is extensively available in over 100 countries around the world. Today, the company has over 80 types of vegetable and has been present since 1998 in four segments: canned, frozen, fresh and delicatessen salads. Bonduelle is, above all, a corporate brand and a family brand. The brand name is both the name of the company and the name of the founding family, the activities of which began back in the middle of the 19th century. Giving the family's name to the product ensures that consumers immediately identify the product and recognize the name, Bonduelle. Its chief executive officer, Christophe Bonduelle, represents the sixth generation of this family business.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.