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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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Edison Investment Research

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Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »