EnWave Corp’s Future Has Never Looked Better

As EnWave’s (TSXV:ENW – $1.00 CAD & OTC:NWVCF – $0.79 USD) unique dehydration technology is becoming widely known, companies recognize its potential. The food industry is extremely competitive and producers are constantly looking to make the difference. For the first time in many years a brand new dehydration technology enters the market, which is faster and cheaper than freeze drying, and has better end product quality than air drying or spray drying.

More and more food and biopharmaceutical products are realizing that REV is the way to go if they want to stay one step ahead of the competition. Because of EnWave’s business model, in which territorial exclusivity is granted for certain products, it’s a matter of signing an agreement first.

This is especially notable by the number of research and commercial contracts that EnWave has closed the past few months. While the deal flow at most companies is relatively slow during the summer, it’s been extremely busy at EnWave. Hardly a week goes by without a new agreement being announced. This indicates that there’s no time to waste and that companies want to move forward fast. As a result, EnWave is growing at a substantial rate, as indicated by its financials.

The Company is also expanding internationally. The first commercial license in Europe is an important step, as EnWave can now leverage this relationship, and the upcoming commercial start-up, to encourage further European adoption of the technology.

In the coming months several companies, such as Bonduelle, Gay Lea Foods, and Umland, will initiate commercial sales with REV manufactured products. This will obviously have a positive effect on EnWave’s royalty income.

Finally, Moon Cheese may very well become the first blockbuster product for EnWave. The large amount of reorders and the extension of the availability of the snacks at Starbucks, again indicate that Moon Cheese is wanted by consumers.

EnWave’s share price doesn’t reflect the announcements made in the past months. It’s a matter of time before the market realizes what a bargain it truly is. Based on our estimate of 92 million shares outstanding, the intrinsic value of EnWave’s shares derived from our model is $3.14, about equal compared to our previous report.

Download the third quarter 2015 EnWave Corp. Company Report. Download

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