After successfully introducing Moon Cheese in North America, and securing an exclusive distribution agreement for the snacks with Spire Enterprises Inc., NutraDried, a 51% owned subsidiary of EnWave Corp. (TSXV:ENW – $0.96 CAD & OTC:NWVCF – $0.75 USD) is looking to expand its product portfolio of healthy dried snack products.
In order to do so, EnWave and NutraDried signed a Technology Evaluation and License Option Agreement that grants the latter the right to develop various protein matrix products, such as sports nutrients, protein bars, complete meal replacement snacks, and dietary products. Upon signing, NutraDried paid EnWave an upfront fee.
We can’t help feeling that this deal will rapidly evolve. Especially because it was immediately mentioned in the press release that if commercial protein matrix products were developed by NutraDried, that Spire Enterprises would become the distributor in the United States. In our opinion, the first Radiant Energy Vacuum (REV) dried protein bars and nutrients could see the light of day in [click to continue…]
Since our initial interview with representatives of EnWave Corp. (TSXV:ENW – $1.03 CAD & OTC:NWVCF – $0.77 USD) in February of this year, numerous exciting developments have taken place at the Company. So we’re very pleased that Mr. Brent Charlton, the Senior Vice President Corporate Affairs freed up some time to give us an update on the developer of revolutionary dehydration technologies for the food and pharmaceutical sectors.
Mr. Charlton starts by explaining the catalysts behind the first ever net income that EnWave achieved in the second quarter, ended March 31, 2015. And he discusses guidance for the third quarter and beyond.
The interview obviously also digs deeper into the launch of Cheddar and Gouda Moon Cheese snacks at about 3,400 Starbucks locations in the United States and the coffee chain’s recent re-order. [click to continue…]
Despite being impacted by store closures at large office supply retail chains such as Target, Staples, and Office Depot, Acme United (ACU – $18.10) set a new all-time quarterly sales and earnings record. The second quarter benefited from new customers that were attracted and new product families that were launched. In particular, sales of first aid items, Cuda fishing tools, and Camillus knives overcame the weakness in the office channel.
As for the following quarters, we expect Acme to resume its regular growth path. The Company has picked up a large new scissors account, for which deliveries have started late June. And many new tools are bound to hit the shelves in the coming weeks.
The Cuda fishing tools brand is adding lots of new business. Recreational fishing is a $46 billion annual market, and there are 40 million licensed anglers in the United States alone. Backed by the Cuda Pros, who use the Cuda tools during tournaments and on their popular TV shows, big box and sporting goods stores continue to [click to continue…]
Less than five weeks after the start of a 16-week long trial at 3,400 Starbucks locations across the United States, NutraDried, EnWave Corporation’s (TSXV:ENW – $1.03 CAD & OTC:NWVCF – $0.77 USD) subsidiary, received substantial re-orders from the large coffee chain.
Remember that Moon Cheese is part of a snack selection at Starbucks created for millions of Americans on the go during the summer months. The standard 2oz cheese packs are promoted in-store during the first nine weeks of the program, while the following seven weeks will be used to collect sales data and to determine whether the product can sell without extra promotion. Based on this trial period, Starbucks will determine if it’s justified to continue selling the product.
NutraDried now received over forty reorders from different Starbucks distribution outlets that supply the stores. This leads us to believe that Moon Cheese is selling well at [click to continue…]
EuroSite Power (EUSP – $0.81), which installs, owns, and operates Combined Heat & Power (CHP), and cooling systems in the United Kingdom, reached revenues of $542,973 in the second quarter, ended June 30, 2015, up more than 30% versus sales of $416,559 in the comparable period of 2014.
Although the Company still reported a small net loss for the quarter, it was cash flow positive for the first time in its history thanks to a UK tax incentive of $625,000 that it received in May. EuroSite Power will continue to receive such incentives annually, at least until 2018 (also see Financials below).
Becoming cash flow positive is an important event, as it will enable the Company to initiate talks with banks to open a line of credit at much more favorable terms than in the past. Because the business is capital intensive, having a line of credit will eliminate, or at least reduce, the need to [click to continue…]
After signing commercial licenses for various parts of the world, EnWave Corp. (TSXV:ENW – $0.86 CAD & OTC:NWVCF – $0.63 USD), this week, landed its first partnership in Europe.
Dominant Slice Lda, a Portuguese snack company, received an exclusive license that allows it to produce and sell dried cheese snacks in Portugal and Spain using EnWave’s patented Radiant Energy Vacuum (REV) dehydration technology. Not much information is available on Dominant Slice, but we were able to find out that it has an extensive distribution network in the Spanish and Portuguese markets.
In return for the license, Dominant Slice bought a 10kW commercial-scale nutraREV machine, which is scheduled to be installed at its Portuguese facilities late 2015. In addition, the company will pay [click to continue…]
EuroSite Power Inc. (EUSP – US$0.81) installs, owns, and operates Combined Heat & Power (CHP), and cooling systems at smaller industrial and commercial facilities in the United Kingdom. It provides these facilities with clean, reliable power, cooling, heat and hot water without any capital or start-up costs to the customer and at lower costs than charged by conventional energy suppliers.
The Company has developed an innovative financial solution that offers significant economic and operational benefits to properties, such as healthcare facilities, hotels, multi-family housing facilities, leisure centers, schools, and colleges.
Because EuroSite Power’s CHP systems operate at up to 90% efficiency, versus less than 33% for the existing power grid, it’s able to [click to continue…]