During this period, Gay Lea will retain an exclusive option to license REV technology for the production of a number of dried dairy products in Canada. However, its distinct focus will be on the development of a number of dehydrated cheese products.
Gay Lea has agreed to pay EnWave CAD $30,000 to obtain this extension, allowing it to continue product development and marketing evaluations.
“EnWave has recently received significant interest from a number of dominant cheese-producing companies throughout the world,” said Dr Tim Durance, chairman and co-CEO of EnWave. “Our decision to grant Gay Lea this extension was based on their quality as a company and their clear focus on developing a number of dried cheese products for the Canadian marketplace.”
“We are very encouraged by the results we have derived from the use of REV technology thus far,” said Larry Hook, Gay Lea vice president of sales and marketing. “In order to make an educated commercial decision, additional work needs to be completed.”
Source: EnWave Corporation
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