EnWave Signs License Agreement, and Equipment Purchase Agreement with Teagasc, the Agricultural and Food Development Authority of Ireland
MWN-AI** Summary
EnWave Corporation, a pioneer in vacuum microwave dehydration technology, announced a significant partnership with Teagasc, the Agricultural and Food Development Authority of Ireland. This collaboration is comprised of a license agreement and an equipment purchase agreement aimed at advancing the use of EnWave's proprietary Radiant Energy Vacuum (REV™) technology within Ireland's agricultural and food sectors.
Under the terms of the license agreement, Teagasc gains research and development rights to utilize EnWave’s REV™ technology in conjunction with its existing and future partners. This collaboration promises to foster innovation in food processing and enhance the efficiency of resource utilization in agricultural practices. To facilitate this initiative, Teagasc will acquire a 10kW REV™ machine, which is set to be delivered before summer 2026. The installation of this equipment at Teagasc's state-of-the-art facility will highlight the technological advantages of REV™, notably rapid and energy-efficient dehydration.
Teagasc's role is crucial as it serves as Ireland's primary authority for research, advisory, and training in the agriculture and food industry. The organization is engaged in various projects, including the recently funded AIMBIO initiative, which aims to convert by-products from marine and aquaculture sectors into valuable resources for industries such as food and cosmetics. The new REV™ dryer will support AIMBIO by efficiently drying side streams for enhanced downstream processing.
EnWave’s commitment to innovation in drying technology positions it as a key player in transforming food processing not only in Ireland but across its network of global partners. This strategic move reinforces EnWave’s vision of delivering scalable solutions that elevate product quality while reducing costs compared to conventional drying methods.
MWN-AI** Analysis
EnWave Corporation (TSX-V:ENW | FSE:E4U) recently made a significant stride by signing a License Agreement and Equipment Purchase Agreement with Teagasc, Ireland's Agricultural and Food Development Authority. This partnership opens avenues for EnWave’s Radiant Energy Vacuum (REV™) dehydration technology, which has been a game changer in the food, pharmaceutical, and cannabis sectors.
The License granted to Teagasc allows them to utilize EnWave's innovative technology within their research and client projects, potentially accelerating the adoption of REV™ technology in the European market. This strategic move not only enhances EnWave’s visibility but also positions them firmly within the EU's robust agricultural innovation landscape, particularly as Teagasc undertakes the AIMBIO project aimed at transforming marine side-streams into high-value ingredients.
Investors should view this partnership with optimism. Teagasc’s commitment to using the 10kW REV™ machine signifies confidence in the technology’s ability to deliver consistent, high-quality outcomes—key factors in sectors driven by stringent quality requirements. Additionally, the expectation that the unit will be operational before summer 2026 suggests a rapid path to generating potential revenue through demonstrable results and further partnerships.
From a market perspective, the growing focus on sustainable and efficient processing methods supports EnWave’s long-term growth trajectory. With a diverse portfolio already spanning 24 countries, leveraging Teagasc’s research capabilities could refine and expand EnWave’s market offerings.
However, potential investors should also consider inherent risks associated with technological adoption and market fluctuations. While the short- and medium-term outlook appears promising, continuous monitoring of project outcomes and Teagasc’s advancements will be crucial. Overall, EnWave stands to benefit from this partnership, making it a stock to watch as developments unfold.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
VANCOUVER, British Columbia, March 10, 2026 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a license agreement (the “License”) and equipment purchase agreement (the “Equipment Purchase”) with Teagasc, the Agriculture and Food Development Authority of Ireland. Teagasc is the national body providing integrated research, advisory and training services to the agriculture and food industry and rural communities in Ireland.
The license grants R&D rights to Teagasc to use EnWave’s proprietary Radiant Energy Vacuum (“REV™”) dehydration technology in collaboration with its current and future clients and industry and research partners. The Equipment Purchase made by Teagasc is for a 10kW REV™ machine that will showcase their state-of-the-art facility with the value proposition of REV™ technology. The 10kW REV™ machine is expected to be delivered to Teagasc before the summer of 2026.
About Teagasc – the Agricultural and Food Development Authority of Ireland
Teagasc (Irish pronunciation: [?t?a??s?k], meaning "Instruction") is the national authority in Ireland responsible for research and development, training and advisory services in the agri-food sector. The official title of the body is Teagasc – the Agriculture and Food Development Authority. The authority has several county advisory centres, colleges and research centres in which it carries out its main business. Teagasc has recently been awarded funding by the Department of Agriculture, Food and the Marine, that will support the delivery of a new project titled AIMBIO – All Island Marine Bio?based Refineries for Circular Blue?Bioeconomy. The project is coordinated by Teagasc and brings together a strong all?island partnership of academic, research, and industry stakeholders. AIMBIO will demonstrate how side?streams from Ireland’s marine and aquatic sectors, including aquaculture and seafood processing, can be transformed into high?value ingredients for sectors such as food, feed, cosmetics, and chemicals. Teagasc will employ the new REV™ dryer to support the project by enabling rapid, energy?efficient drying of marine and aquaculture side?streams prior to further processing. REV™ dehydration technology will allow the team to generate consistent, scalable dried fractions for downstream extraction, formulation, and product development, strengthening the project’s ability to demonstrate industry?relevant bioprocessing solutions.
Learn more at https://aim-bio.ie/ & Home - Teagasc | Agriculture and Food Development Authority.
About EnWave
EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, BC, EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REV™) technology, and transformed an innovative idea into a proven, consistent, and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality, and cost.
With more than fifty partners spanning twenty-four countries and five continents, EnWave’s licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner and getting to market faster with the company’s patented technology, licensed machinery, and expert guidance.
EnWave’s strategy is to sign royalty-bearing commercial licenses with food producers who want to dry better, faster and more economical than freeze drying, rack drying and air drying, and enjoy the following benefits of producing exciting new products, reaching optimal moisture levels up to seven times faster, and improve product taste, texture, color and nutritional value.
Learn more at EnWave.net.
EnWave Corporation
Mr. Brent Charleton, CFA
President and CEO
For further information:
Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
E-mail: bcharleton@enwave.net
Dylan Murray, CPA, CA, CFO at +1 (778) 870-0729
E-mail: dmurray@enwave.net
Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third-party claims referred to in this release are not guaranteed to be accurate. All third-party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ**
How will the partnership between Enwave Corp Canada NWVCF and Teagasc enhance the application of REV™ technology in Ireland’s agri-food sector?
What specific benefits does Enwave Corp Canada NWVCF expect to see from Teagasc's utilization of the REV™ technology in the AIMBIO project?
How does Enwave Corp Canada NWVCF plan to leverage Teagasc's research capabilities to further develop its market position in the European food industry?
What challenges might Enwave Corp Canada NWVCF face in scaling the deployment of its REV™ technology within international markets like Ireland?
**MWN-AI FAQ is based on asking OpenAI questions about Enwave Corp Canada (OTC: NWVCF).
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