April has been extremely busy for EnWave Corp (TSXV:ENW – $1.05 CAD & OTC:NWVCF – $0.89 USD). Earlier this month, the Company, which offers revolutionary dehydration technology for the food and pharmaceutical industries, signed a technology evaluation agreement with Perdue Farms and a royalty-bearing commercial license with Umland LLC.
And this week, it installed and started up a 10kW commercial Radiant Energy Vacuum (REV) dehydration machine at Gay Lea Foods’ production facility in Ontario, Canada. First royalties from Gay Lea are expected in the early fall of this year.
After an extensive technology and market evaluation phase, Gay Lea, an industry leader in the production and processing of dairy products in Canada, signed a commercial royalty-bearing license and a 10kW machine purchase order in November 2014. That license gave Gay Lea the exclusive right to process certain types of cheese snacks in Canada, using REV technology. Interesting to know is that in order to retain the exclusive license, Gay Lea must [click to continue…]
Acme United (ACU – $18.99), the worldwide supplier of innovative cutting, measuring and safety products for the school, home, and office markets, again had an excellent first quarter in which it achieved record sales and earnings.
Sales during the three months ended March 31, 2015, reached $22.8 million, up 19% compared with sales of $19.2 million in the first quarter of 2014. Net income in the first quarter of 2015 rose by 18% to $436,000, or $0.12 per diluted share, versus $368,000, or $0.11 per diluted share, in the comparable quarter last year.
Especially the Westcott school & office products brand outperformed. Its scissors continue to gain market share, and Orbit, the latest member of the iPoint electric pencil sharpener family, is now available in all major retailers in the United States and also in Europe. Note that Westcott already sells between 60 and 80 million [click to continue…]
EnWave Corp. (TSXV:ENW – $1.08 CAD & OTC:NWVCF – $0.86 USD), which offers its proprietary Radiant Energy Vacuum (REV) dehydration technology as the new dehydration standard in the food and biological sectors, has signed a Technology Evaluation and License Option Agreement with Perdue Farms Incorporated.
The agreement grants Perdue, a leading food and agricultural products company, the right to evaluate EnWave’s technology. If the results are positive, Perdue can license the use of REV technology, on an exclusive basis, in the U.S. for a variety of food applications. It wasn’t mentioned in the release, but it’s safe to assume that, similar to previous R&D agreements with other companies, Perdue will lease a smaller scale REV unit from EnWave to do the R&D work.
Although at first sight this is nothing more than an R&D agreement of which we may see a positive outcome in a few quarters, it is an important event for a number of reasons. [click to continue…]
Soltoro Ltd. (SOL – $0.30), one of our favorite mining stocks, is being acquired by Agnico Eagle Mines (TSX: AEM) for approximately $0.325 per Soltoro common share. For each Soltoro share, shareholders will receive 0.00793 of an Agnico Eagle common share, C$0.01 in cash and one share valued at C$0.02 of a company to be newly formed and spun off holding certain assets of Soltoro (provisional name “SpinCo”).
As a result of the transaction, Agnico Eagle will acquire the El Rayo, El Tecolote, La Tortuga, San Pedro and Quila exploration projects held by Soltoro in the state of Jalisco, Mexico. Soltoro will transfer to SpinCo the assets and related liabilities associated with the Gavilan, El Santuario and Chinipas exploration properties that are located outside of the state of Jalisco, Mexico (see below).
SpinCo will be capitalized with approximately C$2.0 million in cash contributed by Agnico Eagle. The SpinCo shares will initially not be listed on any stock exchange, but we [click to continue…]
EnWave Corporation (TSXV:ENW – $1.05 CAD & OTC:NWVCF – $0.84 USD), which offers a revolutionary dehydration technology for the food and pharmaceutical industries, has signed a royalty-bearing commercial license and machine purchase order with Umland LLC.
The new license grants Umland the exclusive right to use EnWave’s Radiant Energy Vacuum (REV) technology in the United States to dehydrate high kosher (see below) cheese snack products.
EnWave is already building the 10Kw nutraREV machine for Umland, and will receive a 5% royalty on the wholesale value of all cheese snacks that are produced and sold. Production and distribution of the snacks are scheduled to start in the current quarter.
Point32 Foods LLC will handle the distribution. Point32 is one of the partners in Umland and has broad experience in the kosher and natural food industry. What makes is very interesting is that [click to continue…]
American Power Group (APGI – $0.25), which provides a cost-effective natural gas conversion technology for vehicular, stationary and off-road mobile diesel engines, is going through a rough patch.
The sharp and unexpected fall of oil prices, from $100 per barrel less than a year ago to about $50 per barrel today, has resulted in a drop in diesel prices. Because natural gas prices at the pump have remained relatively stable in the $2.00 to $2.25 per gallon range, the price spread between diesel and natural gas has tightened.
Because APG’s dual fuel technology displaces higher cost diesel fuel with lower cost, and cleaner burning natural gas, the recent oil/diesel pricing and tighter price spread have impacted inventory replenishment and implementation schedules of existing and prospective customers.
While the wait-and-see attitude of potential customers has its impact on the Company’s financials in the short term, it’s making [click to continue…]
Anuga FoodTec, one of the largest fairs in the world for the food and beverage industry, was a big success for EnWave Corporation (TSXV:ENW – $1.06 CAD & OTC:NWVCF – $0.85 USD). The Company received many enquiries from potential customers and took the opportunity to update current partners (see images below).
The show, which is organized once every three years in Cologne, Germany, brings together the newest technologies, machines and equipment for the manufacturing, processing and packaging of foods and beverages. It was an ideal spot for EnWave to demonstrate its revolutionary Radiant Energy Vacuum (REV) dehydration technology.
EnWave shared a booth with its German subsidiary Binder (see images below). It actively reached out to potential customers in the food industry so they could get to know the Company’s dehydration equipment, which is faster and cheaper than freeze drying, and has better end product quality than [click to continue…]