(Globe Newswire) Vancouver — EnWave Corporation announced today that it has signed a commercial royalty-bearing license with Michael Foods, a subsidiary of Post Holdings and a leading American multi-billion-dollar supplier of foodservice, food ingredient and retail offerings.
Michael Foods has also purchased a 10kW Radiant Energy Vacuum (REV) machine from EnWave after conducting product development research and development over the past several months.
The license grants Michael Foods the right to produce certain products using REV technology in the United States of America and provides for an ongoing royalty stream tied to the commercial sales of any REV-dried products produced and sold by Michael Foods during the term.
The license is the fifty-third active royalty-bearing agreement issued by EnWave.
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