Mr. Brent Charleton reports
ENWAVE REPORTS ACQUISITION OF EREGLI AGROSAN BY ALARKO HOLDINGS
EnWave Corp. has approved the acquisition of Eregli Agrosan Dogal Urunler ve Turevleri Tarlm Uretim ve Ticaret AS, a Turkish licensor of the company's radiant energy vacuum (REV) dehydration technology, by Alarko Tarim Sanayi ve Ticaret AS, which is a subsidiary of Alarko Holdings AS, one of the largest and most respected business conglomerates in Turkey. Alarko Tarlm has acquired 100 per cent of Eregli and has been assigned the existing licence between EnWave and Eregli.
Alarko Tarlm intends to make material investments into Eregli to expand its drying business and further improve the commercialization of its REV-dried product portfolio. Eregli currently produces an extensive list of dried fruit, vegetable and dairy products using REV technology.
About EnWave Corp.
EnWave is a global leader in the innovation and application of vacuum-microwave dehydration. From its headquarters in Delta, B.C., 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.
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