Vancouver-based EnWave Corp.'s share price (TSX-V:ENW) was up 12% during midday trading after it announced agreements with 15 food production companies to use its nutraREV food dehydration technology in new product areas.
The confidential deals were made with companies in North and South America, Europe and Korea.
The companies will help EnWave determine if its technology is compatible with, among other products, herbs, mushrooms, bananas, mangos, pineapples, vegetables, snack chips, shrimp, salmon and pet treats.
John McNicol, EnWave's president and co-CEO, said the company wants to sell and license its technology and expand its product lines through the deals.
EnWave sold its first commercial nutraREV system last March to a B.C.-based producer of dried "puffed" blueberries for the snack food, baking and cereal markets.
EnWave's share price this week ranged between $0.34 and $0.41; 52-week high: $0.48; 52-week low: $0.18