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EnWave Announces Collaboration and Initial Testing Results with Danisco AS |
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April 07, 2009
Vancouver, B.C. - EnWave Corporation (TSX-V: ENW) (“EnWave” or “the Company") today announced the successful completion of tests using its recently developed powderREV technology in the dehydration of cultures and probiotics from the Danish group Danisco. The tests were conducted as the first phase of an Agreement signed with Danisco last year. The objective of the Agreement is to create a dehydration method delivering high-speed continuous bulk powder processing capable of handling sensitive biological materials, such as cultures. Based on the success of these early results, EnWave and Danisco will now undertake the second phase of the Agreement to evaluate the commercial viability of EnWave’s powderREV dehydration technology on a wider scope. The terms of the Agreement grant Danisco with exclusivity for a limited period of time. EnWave and Danisco expect this second phase to be completed in the 2nd quarter of 2010.
With 7,200 employees operating from more than 80 locations in the world, Danisco reported annual revenues of 18.7 billion DKK (US$3.1 billion) in its 2007/2008 year end results. The Danish group is a global leading supplier of cultures and probiotics for food, supplements and feed and holds a dominant position in cultures under dried form. Easier to handle, dried cultures bring greater flexibility to manufacturers in terms of storage volume and conditions as well as shelf-life stability. To hear EnWave Co-CEO John McNicol speak about the significance of this Agreement with Danisco AS, click here. Probiotics: Fast Facts · Probiotics are living bacteria that reside in the intestinal tract and are commonly added to foods such as yogurt and other dairy products to promote good health. · According to Frost & Sullivan's Strategic Analysis of the North American Probiotics Markets for Human Nutrition, the probiotics sector earned revenues of $698 million in 2006. It is expected to reach $1.70 billion in 2013, with a compound annual growth rate of 13.7 per cent. Click here to access Functional Ingredients' November, 2008 article entitled Probiotics: the Potential of Billions to read more about the probiotic market. > EnWave Homepage |
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