EnWave mit Durchbruch - erster Produktverkauf
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EnWave Corp. has signed a collaboration agreement with Hormel Foods Corp. to test EnWave's nutraREV food dehydration technology. Terms of the agreement are confidential.
"Our high-speed, low-cost nutraREV(TM) technology is being tested by many of the most innovative companies in the food and biomaterials sectors as a possible replacement for freeze drying, air drying and spray drying," stated Dr. Tim Durance, Chairman & Co-CEO, EnWave. "We are pleased to be working with Hormel Foods, one of the biggest names in high-quality meat processing."
About Hormel Foods
Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of the Standard & Poor's 500 Index, Dow Jones Sustainability Indexes, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders and was named one of "The 100 Most Trustworthy Companies" by Forbes in 2010. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit http://www.hormelfoods.com.
Quelle:http://www.stockwatch.com/News/...1905550&symbol=ENW®ion=C
Deutsch:
Vancouver, British Columbia, Kanada. EnWave Corporation (WKN: A0JMA0; TSX-V: ENW) gab heute bekannt, dass das Unternehmen ein Kooperationsabkommen zum Test von EnWaves nutraREV™-Nahrungsmittel-Deydratisierungstechnologie unterzeichnet hat. Die Konditionen des Abkommens sind vertraulich.
„Unsere sehr schnelle, kostengünstige nutraREV™-Technologie wird von vielen der neuerungsbereiten Unternehmen in den Nahrungsmittel- und Biomaterialien-Sektoren als ein möglicher Ersatz für die Gefriertrocknung, Lufttrocknung und Sprühtrocknung getestet,“ erklärte Dr. Tim Durance, Chairman und Co-CEO von EnWave. „Wir freuen uns auf die Zusammenarbeit mit Hormel Foods, eines der größten Unternehmen im Bereich der qualitativ hochwertigen Fleischverarbeitung.“
Über EnWave
EnWave Corporation ist ein Industrietechnologieunternehmen mit Sitz in Vancouver, das kommerzielle Anwendungen für ihre gesetzlich geschützte Radiant Energy Vacuum („REV™“)-Technologie entwickelt. REV™ wird zur Dehydratisierung von Nahrungsmitteln, großer Flüssigkeitsmengen und Arzneimittel verwendet. Es ist die Aufgabe des Unternehmens, die Technologie als einen neuen Dehydratisierungsstandard einzuführen: schneller und kostengünstiger als die Gefriertrocknung mit besserer Qualität der Endprodukte als bei der Luft- oder Sprühtrocknung. EnWave besitzt gegenwärtig sechs REV-Plattformen: die kommerziellen nutraREV™- und MIVAP™-Verfahren werden in der Nahrungsmittelbranche zum schnellen und kostengünstigen Trocknen von Früchten, Gemüse, Fleisch, Kräutern und Meeresfrüchten verwendet, wobei hohe Nährstoffgehalte, der Geschmack, die Konsistenz und die Farbe erhalten bleiben. Das Unternehmen entwickelt ebenfalls powderREV™ für die Trocknung großer Mengen von Nahrungsmittelkulturen, Probiotika und empfindlichen biochemischen Substanzen wie z.B. Enzyme; quantaREV™ für eine kontinuierliche Niedrigtemperaturdehydratisierung großer Mengen von Pasten, Gelen, Flüssigkeiten oder Schwebstoffen; sowie bioREV™ und freezeREV™ als neue Verfahren zur Stabilisierung und Dehydratisierung von biopharmazeutischen Stoffen wie z.B. Impfstoffe und Antikörper. Weitere Informationen über EnWave finden Sie unter www.enwave.net.
Über Hormel Foods
Hormel Foods Corporation mit Sitz in Austin, Minnesota, ist ein multinationaler Hersteller und Vermarkter von Markennahrungsmittel- und Markenfleischprodukten. Viele dieser finden sich unter den am besten bekannten und zuverlässigsten Produkten in der Nahrungsmittelbranche. Das Unternehmen setzt seine beträchtlichen Fachkenntnisse, Innovation und die große Sachkunde bei der Schweinefleisch- und Truthahnfleischverarbeitung und bei der Vermarktung dazu ein, Marken- und Mehrwertprodukte auf den Weltmarkt zu bringen. Das Unternehmen ist Mitglied des Standard & Poor’s 500 Index, der Dow Jones Sustainability Indexes, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders und wurde von Forbes im Jahre 2010 zu den 100 vertrauenswürdigsten Unternehmen („The 100 Most Trustworthy Companies“) gezählt. Das Unternehmen genießt einen sehr guten Ruf unter den Kunden, Lebensmitteleinzelhändlern, den Kunden der Nahrungsmittelservicebranche und industriellen Kunden für Produkte, die für Qualität, Geschmack, Nährstoffgehalt, Zweckmäßigkeit und Wert sehr geschätzt werden. Für weitere Informationen besuchen Sie bitte: http://www.hormelfoods.com.
Quelle:http://www.goldinvest.de/index.php/...-hormel-foods-corporation-23047
-> Meldung zu Grimmway Farms
-> 1-2 neue Technologiekoorperationen
da war die erste Koorperation, sollte noch eine folgen, und noch eine Meldung zu Grimmway Farms als Weihnachtsgeschenk zum Kurs nach oben treiben)
...die Meldung an sich liest und hört sich "irgendwie" nicht sonderlich spektakulär an.
Vielleicht ist das ja Absicht,.... :-)
Dennoch könnte -rein subjektiv wie immer - mit Hormel ein Interssanter Partner gefunden worden sein.
Hormel nutzt das sog. High-Pressure Processing (HPP) - Verfahren
Zitat:
What is High Pressure Processing?
High Pressure Processing (HPP) is an emerging food treatment that makes food safer and extends its shelf life, while allowing the food to retain many of its original qualities and healthy attributes. HPP also tackles specific product quality and productivity issues without the use of flavor-altering additives or methods.
Quellen: http://www.hpp.vt.edu/
Alleine die für das HPP-Verfahren genutzten Anlagen/Maschinen "wirken" für mich als Laie sehr ähnlich denen von ENW.... grosser Unterschied so meine ich zu erkennen, besteht im relativ hohen Verbrauch von H2o. Hormel wie auch andere Unternehmen sind bemüht ihre Resourcen und somit auch die Resourcen der Umwelt zu schonen. Aus diesem Gesichtspunkt heraus könnte das REV-Verfahren von ENW eine Alternative sein.
z.b. >Anwendungs-Beispiel > Quelle:http://www.youtube.com/watch?v=GZL6jQjWu-M
Des weiteren beabsichtigt Hormel erstmals seit 20 Jahren zu expandieren. Unter anderem will Hormel sich auch räumlich um 28.000 Squarefood vergrössern. (1sq food = 0,09 Quadratmeter)
(http://de.wikipedia.org/wiki/Quadratfu%C3%9F)
News zur Corporate Expansion unter Quelle:
http://kaaltv.com/article/stories/S2114699.shtml?cat=10151
http://www.hormelfoods.com/newsroom/news/default.aspx
http://www.hormelfoods.com/newsroom/brandinfo/...ureProcessingFS.aspx
In diesem Sinne,
good things come to those who trade, or wait
Chinasky
-keine Aufforderung zu jegwelchem Handeln - keine Kaufempfehlung - Selbstverantwortung - ich bin in den im Posting genannten Wertpapieren z.Zt. nicht investiert - Keine Gewähr - Kein Haftung auf Vollständigkeit usw. usw.
TORONTO, ONTARIO -- (Marketwire) -- 12/07/11 -- The shareholders of Enwave Energy Corporation ("Enwave"), the City of Toronto and Ontario Municipal Employees Retirement System ("OMERS"), have directed the Board of Directors of Enwave to solicit proposals for a sale of 100% of the shares of Enwave through a competitive auction process. The Board of Directors of Enwave will create a special committee of the Board and retain a financial advisor to assist in their oversight of the process.
On November 30, 2011, Toronto City Council authorized the City of Toronto to sell its interest in Enwave. In connection with the proposed sale of their interests in Enwave, the City of Toronto and OMERS have waived their right of first refusal to purchase Enwave shares from a selling shareholder pursuant to the shareholders agreement between Enwave, OMERS and the City of Toronto. The change was made to promote an open auction process that maximizes the potential return to the two shareholders.
Enwave Energy Corporation is a leading provider of innovative, sustainable energy services. With district energy operations in Toronto and Windsor, Ontario, the company provides environmentally friendly heating and cooling to many of the most prestigious buildings and landmarks in both cities. In Toronto, 40 km of underground pipes interconnect over 140 buildings to three steam plants and to the company's world-renowned Deep Lake Water Cooling system. Customers include all the major downtown hospitals, multi-residential and class A commercial office towers, entertainment facilities and government buildings. In Windsor, the Enwave managed system supplies hot and chilled water to the City's Utilities Commission and the Windsor Casino.
With over 2,000 district energy systems operating in the United States and over 100 in Canada, the industry plays an important role in the broader energy sector - especially with respect to stated government objectives of achieving greater energy efficiency. Leveraging its proven reputation of bringing sustainable energy projects to market and drawing on its strong and stable financial base in Toronto, Enwave is well positioned to capitalize on many prospective growth opportunities both within the City of Toronto and throughout North America.
Contacts:
Enwave Corporation
Dennis Fotinos
President & Chief Executive Officer
(416) 338-8912
(416) 363-6052 (FAX)
Enwave Corporation
181 University Ave.
17th floor, P.O. Box 105
Toronto, Ontario M5H 3M7
TORONTO, ONTARIO -- (Marketwire) -- 12/07/11 -- The shareholders of Enwave Energy Corporation ("Enwave"), the City of Toronto and Ontario Municipal Employees Retirement System ("OMERS"), have directed the Board of Directors of Enwave to solicit proposals for a sale of 100% of the shares of Enwave through a competitive auction process. The Board of Directors of Enwave will create a special committee of the Board and retain a financial advisor to assist in their oversight of the process.
On November 30, 2011, Toronto City Council authorized the City of Toronto to sell its interest in Enwave. In connection with the proposed sale of their interests in Enwave, the City of Toronto and OMERS have waived their right of first refusal to purchase Enwave shares from a selling shareholder pursuant to the shareholders agreement between Enwave, OMERS and the City of Toronto. The change was made to promote an open auction process that maximizes the potential return to the two shareholders.
Enwave Energy Corporation is a leading provider of innovative, sustainable energy services. With district energy operations in Toronto and Windsor, Ontario, the company provides environmentally friendly heating and cooling to many of the most prestigious buildings and landmarks in both cities. In Toronto, 40 km of underground pipes interconnect over 140 buildings to three steam plants and to the company's world-renowned Deep Lake Water Cooling system. Customers include all the major downtown hospitals, multi-residential and class A commercial office towers, entertainment facilities and government buildings. In Windsor, the Enwave managed system supplies hot and chilled water to the City's Utilities Commission and the Windsor Casino.
With over 2,000 district energy systems operating in the United States and over 100 in Canada, the industry plays an important role in the broader energy sector - especially with respect to stated government objectives of achieving greater energy efficiency. Leveraging its proven reputation of bringing sustainable energy projects to market and drawing on its strong and stable financial base in Toronto, Enwave is well positioned to capitalize on many prospective growth opportunities both within the City of Toronto and throughout North America.
Contacts:
Enwave Corporation
Dennis Fotinos
President & Chief Executive Officer
(416) 338-8912
(416) 363-6052 (FAX)
Enwave Corporation
181 University Ave.
17th floor, P.O. Box 105
Toronto, Ontario M5H 3M7
Bei der Aktie des EnWave-Konzerns hat sich eine interessante Chartlage gebildet. Das Papier könnte vor einem Kaufsignal stehen.
Bei der Aktie der EnWave Corporation (WKN: A0JMA0) stehen die Chancen gut, dass das Papier eine charttechnische Trendwende vollziehen kann. Es wäre eine Trendumkehr nach einer Abwärtsbewegung, die einige Monate des Jahres geprägt hat und die Aktie von 2,69 Kanadischen Dollar (CAD) auf Anfang Oktober erreichte 1,32 CAD hat fallen lassen. Seit dem Sommer dieses Jahres spielt dabei eine Widerstandsmarke bei 1,80 CAD eine besondere Rolle. Hier ist EnWaves Aktienkurs immer wieder nach unten abgeprallt. Derzeit nimmt der Titel einen erneuten Anlauf, um diese wichtige Hürde zu überwinden. Den Dienstagshandel hat das Papier an der kanadischen Börse mit 1,80 CAD einen Cent unter dem Tageshoch beendet.
Vancouver, British Columbia, Kanada. 16. Dezember 2011. EnWave Corporation (WKN: A0JMA0; TSX-V: ENW) gab heute bekannt, dass das Unternehmen gemäß seines Aktienoptionsplans (der „Plan“) seinen Directors, Officers, Angestellten und Beratern 625.000 Aktienoptionen gewährt hat. Jede Option wird den Besitzer zum Erwerb einer Stammaktie des Unternehmens zum Ausübungspreis von 1,78 CAD pro Aktie über einen Zeitraum von fünf Jahren ab diesem Datum berechtigen. Die Optionen werden im Einklang mit den im Plan festgelegten Bestimmungen oder wie andererseits von der TSX Venture Exchange vorgeschrieben, übertragen werden.
....also die nächsten wochen und monate immer wieder bei canandian insider kucken und dann siehst du schon ob "die" was machen
wenn ja sollten sie ja dann vermutlich der meinung sein das es weiter gen norden geht...
http://canadianinsider.com/node/...u_tickersearch=EnWave+Corporation+|+ENW
2011-12-19 V ENW 1.80 1.80 1.80 1.80 -0.05 70,450
2011-12-16 V ENW 1.78 1.85 1.78 1.85 0.07 83,647
2011-12-15 V ENW 1.75 1.78 1.75 1.78 -0.01 99,000
2011-12-14 V ENW 1.75 1.79 1.75 1.79 0.04 79,525
2011-12-13 V ENW 1.77 1.80 1.75 1.75 -0.01 89,350
2011-12-12 V ENW 1.68 1.80 1.68 1.76 0.06 76,450
2011-12-09 V ENW 1.65 1.70 1.64 1.70 -0.05 62,800
2011-12-08 V ENW 1.74 1.75 1.65 1.75 0.08 126,100
2011-12-07 V ENW 1.80 1.80 1.67 1.67 -0.13 31,114
2011-12-06 V ENW 1.75 1.81 1.75 1.80 0.05 96,150
2011-12-05 V ENW 1.75 1.80 1.75 1.75 0.01 118,402
2011-12-02 V ENW 1.71 1.74 1.65 1.74 0.03 23,600
2011-12-01 V ENW 1.69 1.74 1.67 1.71 0.02 23,867
2011-11-30 V ENW 1.66 1.69 1.65 1.69 27,100
2011-11-29 V ENW 1.57 1.69 1.57 1.69 0.14 51,100
2011-11-28 V ENW 1.58 1.63 1.55 1.55 -0.07 29,200
http://www.stockwatch.com/Quote/Detail.aspx?action=go&snapshot=SX&symbol=ENW®ion=C
http://wirtschaftslexikon.gabler.de/Definition/window-dressing.html
??????????
13:01:51 V 1.64 -0.16 500§79 CIBC 9 BMO Nesbitt K
13:01:47 V 1.64 -0.16 2,300§79 CIBC 99 Jitney K
13:01:17 V 1.65 -0.15 2,700§1 Anonymous 39 Merrill Lynch K
12:52:41 V 1.65 -0.15 100§1 Anonymous 9 BMO Nesbitt K
12:49:25 V 1.65 -0.15 100§1 Anonymous 9 BMO Nesbitt K
12:46:05 V 1.65 -0.15 700§1 Anonymous 9 BMO Nesbitt K
12:45:25 V 1.65 -0.15 1,000§1 Anonymous 99 Jitney K
12:44:59 V 1.64 -0.16 1,500§79 CIBC 39 Merrill Lynch K
12:42:53 V 1.63 -0.17 400§1 Anonymous 9 BMO Nesbitt K
12:23:07 V 1.63 -0.17 100§99 Jitney 9 BMO Nesbitt K
12:19:10 V 1.63 -0.17 100§99 Jitney 9 BMO Nesbitt K
12:16:11 V 1.63 -0.17 200§99 Jitney 9 BMO Nesbitt K
12:16:11 V 1.63 -0.17 500§99 Jitney 9 BMO Nesbitt K
12:15:20 V 1.64 -0.16 1,000§99 Jitney 39 Merrill Lynch K
12:15:20 V 1.64 -0.16 1,000§99 Jitney 39 Merrill Lynch K
11:14:37 V 1.62 -0.18 1,300§99 Jitney 9 BMO Nesbitt K
11:11:29 V 1.65 -0.15 1,000§99 Jitney 9 BMO Nesbitt K
11:11:29 V 1.65 -0.15 2,900§1 Anonymous 9 BMO Nesbitt K
sooooo billig die Mascheeee von den Instis,.... und damit auch der letzte Kleine noch reingeht wird durch die "gold-jungs" noch auf die Charttechnik verwiesen.....
hat richtig System ,...... ?!
Time ET Ex Price Change Volume Buyer Seller Markers
10:21:50 V 1.53 -0.07§ 100 7 TD Sec 9 BMO Nesbitt K
10:18:38 V 1.53 -0.07§ 200 7 TD Sec 9 BMO Nesbitt K
10:15:43 V 1.53 -0.07 1,100§7 TD Sec 9 BMO Nesbitt K
10:15:35 V 1.55 -0.05§ 100 7 TD Sec 9 BMO Nesbitt K
10:14:36 V 1.55 -0.05 1,900§7 TD Sec 9 BMO Nesbitt K
10:14:36 V 1.55 -0.05 2,000§9 BMO Nesbitt 9 BMO Nesbitt K
10:14:28 V 1.56 -0.04 1,900§58 Qtrade 9 BMO Nesbitt K
10:13:20 V 1.60§ 24,400 15 UBS 9 BMO Nesbitt K
10:13:03 V 1.60§ 5,000 15 UBS 9 BMO Nesbitt K
10:12:06 V 1.60§ 25,000 15 UBS 9 BMO Nesbitt K
Quelle:http://www.stockwatch.com/Quote/Detail.aspx?symbol=ENW®ion=C
Guten Rutsch und viel Erfolg im kommenden Jahr,
"good things come to those who wait, or trade",..........
Chinasky
(Quelle:http://www.cantechletter.com/2011/09/...views-tim-durance-of-enwave/)
Zitat:
Durance on EnWave patents: "It's perhaps not obvious, but it actually makes it easier for a customer to invest in a technology if they know they are going to have some ownership of it, even if it’s in a limited area because they don't have to worry about their competitor two years down the road jumping on the bandwagon. "
Durance on EnWave patents: "It's perhaps not obvious, but it actually makes it easier for a customer to invest in a technology if they know they are going to have some ownership of it, even if it’s in a limited area because they don't have to worry about their competitor two years down the road jumping on the bandwagon. "
There are big markets and then there are big markets. While still miniscule, revenue wise, Vancouver’s EnWave (TSXV:ENW) stands on the shoulders of giants.
The company’s Radiant Energy Vacuum technology, developed at the University of British Columbia in the 1990′s, might be the first significant development in food drying technology in a more than a generation.
While commercialization of the science has been necessarily slow, EnWave is starting to get noticed by all the right people; the company has signed recent deals with cereal king Kellogg and Grupo Bimbo, the world’s largest bread manufacturer. These food giants, without doubt, see a day not so far in the future when the strawberries in your Special K taste better and your Wonder Bread is more nutritious. Cantech Letter’s Nick Waddell joined EnWave Chairman Tim Durance for a plant tour at the company’s R&D facility on Annacis Island in suburban Vancouver, and then sat down to discuss what’s next for EnWave.
Tim, can you circle back and tell us a bit about the history of EnWave?
EnWave Corporation started out as a series of research projects at The University of British Columbia in the food science department. I was a professor in food processing and food engineering. I started developing the basic concepts of our Radiant Energy Vacuum technology, but in order to see them translated into the industry I needed a corporate vehicle. I initially met some businessmen from Vancouver who helped set up a private company in 1996, we took that public, and the company has been developing from that time to where we are today.
Now it is 16 years later, you have a deal with Kellogg’s, with all these big food companies. It seems like you are about to take this science to the world. How does that feel?
Well, it feels pretty good. We do have two commercial deals now that are signed, one with a blueberry manufacturer in Richmond, BC and the other with Milne Fruit from the United States. Currently we are working on reaching deals with larger companies; however, they take a little longer to bring to completion, but of course the payback is much, much bigger.
I imagine that for a company as large as Kellogg’s, a one percent improvement in technology can mean millions of dollars. What, ultimately do you see as the core benefit that you would be offering a company as large as that?
In almost all cases its product improvement that they are looking for. They are looking for better flavour, better appearance and/or improved nutrition in the food products. Of course, they would like to be able to gain these improvements without spending a lot of money, but they know they have to invest appropriately to achieve their desired outcomes and they are prepared for that.
Where do you feel is, as a public company, the best use of your capital and your time? Where do you feel is the slam-dunk application for your technology, out of the gate? Do you get to pick and choose where it is applied?
We pick and choose a lot, actually. We find there is a lot of interest in these areas. Virtually all our clients have come to us. We do go to a food industry trade show once a year, where we are available, but that’s about the only promotion we do. Virtually all of the companies we are working with, and we’re working with a couple dozen, at one level or another, and maybe a dozen in a more advanced way, have come to us. These companies have their own ideas about what they are looking for. There hasn’t been many new advancements in drying technology for a long time and drying is used a lot in food as well as other industries, so they tend to get quite excited about the potential.
Let’s talk about that potential. I have seen from the plant tour we just did that there are a myriad of applications for your technology. If we are to imagine it’s twenty years from now and your technology has been successfully implemented, how is the world going to be different, how will your technology impact the world?
I think that for the high nutrition dry food products this will be the method of choice. In the snack segment in particular, there is a lot of potential there. Most currently popular snacks aren’t very healthy. There usually are very high in fat, sugar or salt or sometimes all three. But it is possible to make very attractive and delicious snacks with natural ingredients. So I think that’s one place we’ll see an impact. There are other places that are maybe not so obvious to the consumer, however.
We saw some strawberries on the tour that you mentioned actually taste better than current methods. Can we look forward to them tasting better in Special K, for instance?
I would say the biggest plus we bring to products is better flavour. We kind of push the nutritional advantages, because that was where we started and what first got us excited about the technology and it does bring people to us, but I think the flavour is what keeps the bigger customers attention.
When I first heard of EnWave my mind leapt to international aid to the third world.
Well, eventually it may be a way to dry products in those parts of the world, because often they produce good products but can’t get them to market. But at this stage we’re focused on North America and Europe where new technologies can be more easily developed and commercialized. Eventually, yes, I think it will be widely used around the world, and for that reason we patented our REV technology around the world.
Many investors are hyper-aware of patents right now. You have some interesting ones.
We have fifteen patent families that are patented in throughout the world. About half of them have been granted at this point. Corporately, we put a lot of effort into the development of our patents, because we license our technology exclusively to our customers. It’s really the patents that bring them to us. It’s perhaps not obvious, but it actually makes it easier for a customer to invest in a technology if they know they are going to have some ownership of it, even if it’s in a limited area because they don’t have to worry about their competitor two years down the road jumping on the bandwagon.
EnWave Chairman Durance: "Our goal is to work with companies that have between 25-30% market share in a specific category. "
EnWave Chairman Durance: "Our goal is to work with companies that have between 25-30% market share in a specific category. "
Perhaps this is a nice lead in to talk about how you intend to make money. It is through licensing agreements?
Yes, but we also supply equipment, usually through third parties, that we develop, design and patent. Going forward, the bulk of our revenue will be through royalties on products. Usually when we’re working with a company it starts with an R&D project, in which we write an R&D agreement with the partner company and within that agreement there would be milestones and the range of royalties that they might be expected to pay. Then what we do is give them the option to license the technology for the category that they are interested in.
How do you calculate that payment?
It’s based on product sales. There is a range for the royalty payment depending on the product, and its really based upon the value we would bring to it.
So there would be instances where you technology is more highly related to the value of the product than others?
Yes, exactly. It comes down to advantage. If you can own the advantage for a particular product it provides lasting value. In those cases the companies should be happy to pay royalties for that advantage.
What are some of the applications of EnWave technology that you are most excited about?
I think the ones that are going to come first are the food ingredients, because those are the easiest to market. If you have a better quality food ingredient that will improve an existing product all you have to do is convince on person to buy that and you’re in business. An example of that would be dried blueberries, dried vegetable or fruit powders that are used in bakery products and energy bars, things like that. Those can be very large categories. The ones that probably get the most public visibility would be stand-alone products, but to produce a new line of snack products, get appropriate distribution and recognition takes years, so that’s a longer term return. We are mainly doing product development with nutraREV™, our drying technology that we are most advanced with and have the most commercial interest in at this time. All our drying technologies end with the suffix REV, which stands for Radiant Energy Vacuum. nutraREV™ is for snack products, pieces of food, basically. We have powderREV™ for producing powders, we have quantaREV™, which is our larger scale design, but is just a pilot-scale project at this time. Then we have bioREV™ and freezeREV™ in the pharmaceutical area.
So you have accomplished a lot. Patented technology, major partnerships. You are looking out onto a market that is huge, but no real revenue yet. When can investors start to look for you to produce revenue?
It’s hard for us to put a timeline on it at this point. We’re pretty well financed now, so we have some time. We expect some appreciation of our stock’s value as our partnerships advance, but it’s going to be some time before we are generating revenue with our larger partners.
Up until this point you have been R&D focused. Are you prepared for the transition to commercialization?
That is a huge concern and one that we have tackled over the years. Our approach has been to put as much of that on other companies as possible. So we don’t, for instance, try to develop food products and then go out and sell them. We work with companies to develop the products they need. We will help them, but they still do most of the product development work. The upside is we don’t need a huge staff for that. In the pharmaceutical area we do the same thing. We understand our drying technology and we work with companies that understand their science, and they provide the lion’s share of the work there. We focus a lot on the patents and the intellectual property development and make sure things are well protected. In terms of the engineering we have a good research engineering group who develop prototypes and in some cases will build the first commercial machine for a client, but we have no intention of being a major machine builder. The company we are working with most closely is Hans Binder in Germany. We have a partnership with them and we work with other equipment manufacturers as well. We don’t really want or require the larger workforce that is necessary to build and service the kind of equipment we need.
So what can EnWave investors and those looking at the company look forward to in the next year?
We are hoping to sign between seven and eight R&D agreements. We want to complete the commercial deal we announced with Milne Fruit earlier in the year. The equipment is to be delivered there before the end of this year. That’s a commercial deal, we’ll get royalties from that when they start production. We have the R&D and license option in place with Nestle, with Group Bimbo in Mexico, with Grimmway Farms in California, with Kelloggs and with Danisco for bacterial cultures. We’re trying to add to those, and we’re getting close. Each of our partnerships is someone we have identified as a leader in a particular global market segment. Our agreement with Kellogg’s is exclusive to cereals and cereal bars, a segment in which they are dominant. And that’s really our goal going forward; to work with companies that have between 25-30% market share in a specific category.
gruss Chinasky