EnWave

EnWave Corporation operates as a technology company in the dehydration space, providing machinery and expertise to the food, pharmaceutical, and cannabis industries. The company was co-founded in 1999 by Dr. Tim Durance, a former professor at the University of British Columbia, where the core technology was developed in his lab. Dr. Durance, who holds a Ph.D. in Food Science, was instrumental in developing the company's intellectual property. After a period of focusing on R&D and selling smaller lab units to survive, the company shifted its strategy to licensing. Brent Charleton was appointed CEO in 2018, having previously led business development and sales.

The company's primary business revolves around its patented Radiant Energy Vacuum (REV™) technology, a proprietary method for dehydrating organic materials. This technology combines vacuum pressure and microwave energy to achieve rapid, low-temperature drying, which preserves the nutrition, taste, texture, and color of the end product more effectively than traditional methods like air drying or freeze drying. EnWave's business model is centered on signing royalty-bearing commercial licenses with companies globally. This dual revenue stream consists of selling the REV™ machinery, with prices for large-scale equipment ranging from $200,000 to over $3 million, and then collecting ongoing royalties, typically 3-5% of the licensee's wholesale revenue. The company serves a diverse client base that includes major food manufacturers like Dole and Calbee, and has also engaged in development with the U.S. Army for military rations.

EnWave offers several commercial REV™ platforms tailored to different applications. The `nutraREV®` is a drum-based system for drying foods like fruits, vegetables, and dairy products. The `quantaREV®` is a continuous, tray-based system for high-volume, low-temperature drying of various products, including cannabis. For the pharmaceutical sector, the company is developing `freezeREV®` to stabilize biopharmaceuticals like vaccines and has a joint development agreement with GEA Lyophil to advance this technology. To further de-risk technology adoption for partners, EnWave also offers toll manufacturing services through its REVworx™ facility. The company previously owned and operated NutraDried Food Company, which manufactured the popular Moon Cheese® snacks, a brand that demonstrated the commercial viability of the REV™ technology. This subsidiary served its purpose in proving the technology's merits and EnWave has since refocused its strategy primarily on machine sales and its royalty portfolio.

Keywords: Radiant Energy Vacuum, REV technology, vacuum microwave dehydration, food dehydration, pharmaceutical drying, cannabis dehydration, food processing equipment, technology licensing, royalty business model, industrial drying, snack manufacturing, ingredient technology, shelf-stable products, low-temperature drying, food preservation, biopharmaceutical stabilization, NutraDried, Moon Cheese, Dr. Tim Durance, Brent Charleton