During the term of the Agreement,
Tempeh is a versatile plant-based protein that originates from Southeast Asian diets. Tempeh is soy-based making it similar to tofu and is popular among many vegetarian, vegan and plant-based consumers. Tempeh is very high in protein and can accept a wide variety of flavourings, making it well-suited as an alternative protein source in the rapidly growing vegan and plant-based product market.
The Agreement also grants SunRhize the exclusive right to license EnWave’s patented Radiant Energy Vacuum (“REV™”) technology for the production of dried tempeh products in
EnWave’s REVworx™ toll manufacturing division is for companies seeking third-party production to launch innovative REV™ dried products into the marketplace. This is the first large-scale REV™ processing facility in
REVworx™ will reduce the risk for companies looking to develop and launch innovative REV™ dried products into the marketplace by reducing upfront capital investment, increasing speed to market and allowing companies to launch products pragmatically to prove out the value proposition of using REV™ technology.
About
More information about
About EnWave
REV™ technology's commercial viability has been demonstrated and is multiplying across several market verticals in the food, and pharmaceutical sectors, including legal cannabis.
- nutraREV® which is a drum-based system that dehydrates organic materials quickly and at low-cost while maintaining high levels of nutrition, taste, texture and colour; and,
- quantaREV®, which is a tray-based system used for continuous, high-volume low-temperature drying.
More information about
Mr.
President and CEO
For further information:
E-mail: bcharleton@enwave.net
E-mail: dhenriques@enwave.net
For Media Inquiries:
Email: media@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 several risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors 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
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SunRhize Foods
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SunRhize Foods, Inc. aims to advance the alternative protein movement and transform the tempeh category by offering satisfying, innovative tempeh-based foods that redefine what it means to eat well.
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