Episode Details

EnWave Corporation CEO Brent Charleton joined Steve Darling from Proactive to announce that the company has signed an exclusive, royalty-bearing commercial license agreement with The Dry Hub, an Egyptian food processing company specializing in premium dried fruits, vegetables, and herbs. Charleton explained that under the agreement, The Dry Hub will acquire a 10kW REV™ machine to begin commercial production at its facility in Egypt. The license grants exclusive rights to use EnWave’s patented REV™ technology for drying select fruit, vegetable, and herb products within the Egyptian market. As part of the agreement, The Dry Hub will pay royalties consistent with EnWave’s existing commercial licenses. The companies will also work closely together to optimize product development and ensure successful commercialization. To maintain exclusivity, The Dry Hub is required to purchase additional REV™ equipment within 18 months of commissioning the initial 10kW unit and meet minimum royalty commitments. The initial system represents the first phase of The Dry Hub’s broader expansion strategy, as the company looks to scale production capacity and serve both business-to-consumer and business-to-business markets domestically and internationally. #proactiveinvestors #enwavecorporation #tsxv #enw #REVTechnology #FoodInnovation #AgriTech #DehydrationTech #RAndD #FoodScience #SustainableFood #CleanTech #CulinaryInnovation #FoodProcessing #AgInnovation #ProductDevelopment #FoodTech #Innovation #thedryhub #egypt