EnWave signs commercial license and receives machine purchase order from second Chilean food processor
Lake Blue also plans to pursue other REVT-dried product opportunities, including dried fruit and vegetable products
EnWave Corporation is pleased to announce that the company has signed a royalty bearing commercial license agreement with Lake Blue Spa, a Chilean food processing company, for the production of dried cheese snack products.
This is the fourth royalty bearing license that EnWave has granted for dried cheese production. Lake Blue has agreed to pay a 5% royalty to EnWave on the wholesale value of the dried cheese products they sell.
The license grants Lake Blue the exclusive right to use EnWave's Radiant Energy Vacuum (REVT) dehydration technology for the production of dried cheese products in the country of Chile.
To enable initial commercial production and market testing, Lake Blue has submitted a purchase order and paid a deposit to obtain a small commercial REVT machine, which will be started-up in late 2015.
Lake Blue plans to build a market for several dried cheese products and if successful, purchase a large commercial REVT unit within the next 18 months. All other details of the License are confidential.