EnWave Corp’s CEO Brent Charleton discussed recent contracts enhancing business in Peru and Spain, including exclusive agreements with BranchOut Foods and Patatas Fritas. The CEO highlighted the significance of these deals in boosting royalty revenues and reaffirmed their commitment to expanding in various global markets, reflecting strong validation of their technology.
Brent Charleton, the CEO of EnWave Corp (TSX-V:ENW, OTC:NWVCF), recently updated Proactive about the company’s significant commercial activities in Peru and Spain. EnWave has entered into new contracts, including exclusive blueberry production rights with BranchOut Foods in Peru, thereby enhancing their royalty revenue. In Spain, Patatas Fritas has diversified its product range, leading to increased royalty obligations for their partnership with EnWave.
EnWave also finalized a deal with Sprouted Proteins in Peru to provide new equipment aimed at creating French fry-style snack products for both domestic and international markets. Charleton emphasized the importance of these agreements in bolstering their operational capabilities abroad, particularly in South America. Moreover, he mentioned participating in a trade mission to Australia to explore new business opportunities.
Reflecting on the impact of their agreements, Charleton noted the success of BranchOut Foods, which is nearing maximum output capacity with its existing EnWave machinery. This success opens doors for further investment in additional equipment, highlighting a continuous demand for EnWave technology among its partners. He also expressed their intent to pursue expansion in various global markets, ensuring respect for intellectual property laws across all regions.
Overall, EnWave is not only securing new contracts but also supporting existing partners in scaling their operations, demonstrating robust market validation. The firm is actively looking to grow outside of Peru, targeting markets in Australia, Southeast Asia, Europe, and throughout both North and South America.
In summary, EnWave Corporation is rapidly expanding its presence in international markets, marked by significant contracts in Peru and Spain. The company is successfully increasing its revenue through new agreements while also assisting existing partners to maximize their production capabilities. With a strategic focus on global expansion, EnWave aims to penetrate diverse markets while maintaining a commitment to intellectual property rights.
Original Source: www.proactiveinvestors.com
