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VANCOUVER, British Columbia, Feb. 19, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the "Company") announced today that it has signed an Equipment Purchase Agreement (the “EPA”) and a License Amendment (the “Amendment”) with Sprouted Proteins SAC (“Sprouted Proteins”) of Peru. Sprouted Proteins signed a royalty-bearing license agreement (the “License Agreement”) with EnWave on February 26, 2024.
The Amendment grants Sprouted Protein with the exclusive right to produce certain starch-based snack products and instant soup mixes in Peru and sets annual minimum exclusivity royalty payment amounts payable to EnWave.
Further, Sprouted Proteins has purchased a 10kW REV™ machine and is leasing a second 10kW REV™ machine to ramp up commercial production. Pursuant to the Amendment, Sprouted Proteins must purchase a large-scale REV™ machine prior to September 30, 2025 to keep their exclusive license rights.
About Sprouted Proteins SAC
Sprouted Proteins SAC, headquartered in Peru, is a leading player in the health and wellness industry, specializing in high-quality plant-based protein products. Founded in 2015, the company has rapidly established itself as a trusted name in the market, focusing on sustainable sourcing and innovative processing techniques that enhance nutritional value.
Beyond its own product line, Sprouted Proteins SAC is a specialized manufacturer providing production services for diverse brands. The company operates eight state-of-the-art product lines dedicated to extruded products, cereal and protein bars, cookies, sauces, tortilla snacks, powders, and supplements. Every product is 100% gluten-free and GMO-free, ensuring the highest standards of purity and safety.
With its unique sprouting process that enhances digestibility and maximizes nutrient absorption, Sprouted Proteins SAC caters to health-conscious consumers while maintaining a strong commitment to sustainability and innovation. As one of the most diverse manufacturers in the region, the company continues to set industry standards, meeting the growing demand for plant-based nutrition across South America and beyond.
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.