EnWave expands partnership with MicroDried, signing new royalty-bearing agreements

Proactive - Interviews for investors

EnWave Corporation CEO Brent Charleton joined Steve Darling from Proactive to announce a significant expansion of the company’s longstanding relationship with MicroDried, EnWave’s most established and high-capacity royalty partner. The latest agreement includes a new royalty-bearing commercial license and the purchase of three additional Radiant Energy Vacuum machines—two 10kW units and one 60kW unit. Under the terms of the expanded agreement, MicroDried® secures exclusive rights to deploy the company’s dehydration technology for the production of mochi and Greek yogurt-based products in North America. Additionally, the license allows MicroDried® to expand into other dairy-based applications, including shredded cheese and cheesecake, reinforcing its move into the clean-label, high-nutrient dairy segment. In return for these broadened production rights, MicroDried® has agreed to incremental minimum annual royalty payments, which are additive to its existing royalty structure for the production of fruit and vegetable products. MicroDried, a U.S.-based leader in premium dried fruit and vegetable ingredients, is now enhancing its capabilities to meet rising consumer demand for clean-label, shelf-stable dairy and mochi snacks. With the acquisition of three more REV™ machines, MicroDried® now controls five large-scale REV™ units, making it the largest commercial operator of EnWave’s dehydration technology worldwide. #proactiveinvestors #enwavecorporation #tsxv #enw #DehydrationTech #VacuumMicrowave #RoyaltyBusinessModel #BluechipClients #FoodTech #BusinessNews #Investing #RadiantEnergyVacuum #Agritech #Procescir #DehydrationTechnology #FoodInnovation #SupplyAgreement #InvestmentNews #ProactiveInvestors #microdried