EnWave Corp (TSX-V:ENW, OTC:NWVCF) announced that it has signed a new royalty-bearing commercial license with Hokkai Yamato Foods Japan, a Sapporo-based food manufacturer specializing in soups, furikake, ochazuke, and other processed foods.
Hokkai Yamato has purchased a 10kW Radiant Energy Vacuum (REV) machine for product development and early-stage commercial production in the Japanese market.
The agreement grants Hokkai Yamato the rights to use EnWave's patented REV technology to produce various food products in Japan, with royalties paid under terms similar to EnWave's other licenses.
EnWave will continue to collaborate with Hokkai Yamato to support product development.