EnWave Corp (TSX-V:ENW, OTC:NWVCF) announced that it has amended its royalty-bearing license agreement with Creations Foods US, expanding the partnership to include pet treat applications.
The agreement, originally signed in March 2023, gave Creations Foods the rights to produce dried cheese snacks using EnWave’s Radiant Energy Vacuum (REV) dehydration technology.
Under the new terms, Creations Foods is now permitted to produce these cheese snacks for pet treat applications on a non-exclusive basis in the US.
According to EnWave, Creations Foods sees a growing opportunity in the pet food industry, citing confirmed demand from multiple pet treat customers.
The company’s facility located in Washington State, currently produces a variety of snacks, including mini-cookies, crackers, wafers, and cheese crisps, for both branded and private-label markets.
EnWave said it hopes to see Creations Foods fully utilize its current REV capacity and potentially invest further in production.