EnWave, Hormel Foods Sign Licensing Deal For Dehydrating Technology

EnWave Corp. said it has licensed its Radiant Energy Vacuum dehydrating technology to Hormel Foods Corp. As part of the licensing agreement, EnWave and Hormel Foods have agreed to long-term royalty rates, expanded global market rights, and the use of EnWave’s nutraDRIED trademark on packaging of Hormel Foods products. EnWave is also supporting Hormel Foods’ testing of the technology by leasing the food company a large pilot-scale nutraREV manufacturing unit that will be operational in summer 2013.