EnWave Corp (TSX-V:ENW, OTC:NWVCF) announced it has expanded its collaboration with Mexican agro-industrial firm Procescir SA de CV, signing an amendment to their existing royalty-bearing license agreement.
The updated license enables Procescir to broaden its use of EnWave’s proprietary Radiant Energy Vacuum (REV) technology across a wider range of fruit and vegetable products.
The company said the expansion supports Procescir's ongoing efforts to capitalize on commercial opportunities and develop new product lines.
As part of the deal, EnWave will deliver a 120kW REV machine to Procescir’s facility in July 2025. The equipment will be used immediately to begin commercial-scale production of fruit snacks for a major American snack brand.
Additionally, Procescir has signed an Equipment Purchase Agreement valued at C$170,000 to acquire auxiliary infeed and outfeed systems to support the new REV machine.