The licence grants Natural Nutrition the exclusive right to process blueberry products using EnWave’s Radiant Energy Vacuum dehydration technology and the non-exclusive right to process apple, plum, strawberry, cherry, peach, grape, raspberry and blackberry products.
In exchange for these rights, Natural Nutrition has agreed to pay EnWave a royalty on the revenue derived from the sale of the aforementioned products.
Pursuant to the purchase order, EnWave will build and install a small, commercial-scale nutraREV machine at Natural Nutrition’s facility in the second half of 2014 to support initial market development efforts and commercial production.
The licence specifies that Natural Nutrition must purchase an additional nutraREV machine within one year from the commissioning of the first machine, and a third within one year from the startup of the second nutraREV unit.
All remaining details of the licence and the purchase order are confidential.
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