EnWave Corporation - Commercial licence signed with Hormel Foods

Thursday, Jul 11 2013 by

Jul 11th 2013 - Edison Investment Research today published a report on EnWave Corporation entitled "Commercial Licence Signed With Hormel Foods". In summary, the report says:

The signing of a royalty bearing commercial licence by Hormel Foods (NYSE:HRL) validates EnWave’s core business model. The new JV with Lucid, to manufacture a cheese snack, should bring EnWave an additional revenue stream and clearly demonstrate to potential customers the value of its technology. These expected revenues also offset the impact of the delays of royalty receipts from existing customers such as Milne Fruits.




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