EnWave Reports Acquisition of Eregli Agrosan by Alarko Holdings
Vancouver, BC, September 18, 2023
EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has approved the acquisition of Ereğli Agrosan Doğal Ürünler ve Türevleri Tarım Üretim ve Ticaret A.Ş. (“Eregli”), a Turkish licensor of the Company’s Radiant Energy Vacuum (“REV™”) dehydration technology, by Alarko Tarim Sanayi ve Ticaret A.Ş. (“Alarko Tarım”) which is a subsidiary of Alarko Holdings A.S. (“Alarko”), one of the largest and most respected business conglomerates in Turkey. Alarko Tarım has acquired 100% of Eregli and has been assigned the existing license between EnWave and Eregli.
Alarko Tarım intends to make material investments into Eregli to expand its drying business and further improve the commercialization of their REV™-dried product portfolio. Eregli currently produces an extensive list of dried fruit, vegetable and dairy products using REV™ technology.
About Alarko
Founded in 1954 as a limited partnership by İshak Alaton and Üzeyir Garih, Alarko Holding is one of the most respected enterprises of the Turkish economy with its leading brands, extensive knowledge and experience in various fields, high technology driven R&D investments, national sales network, international projects and ambition for global competition.
Alarko Group companies operate in power generation and utilities under energy segment, construction, industry and trade, tourism, real estate investments and property development, agriculture and food sectors along with investment arm. The holding company aside from itself has two listed subsidiaries; one is Alarko Gayrimenkul Yatırım Ortaklığı A.Ş. (ALGYO) and the other is Alarko Carrier Sanayi ve Ticaret A.Ş. (ALCAR). The Energy Group produces and distributes electric power through its power plants across Turkey. The Contracting Group companies operate as general contractors and are engaged in the construction of commercial buildings and industrial plants. The Industry and Trade Group produces and markets heating, ventilation, air conditioning units and pumps, as well as providing after-sale services. The Tourism Division operates and manages hotels and holiday resorts. The Property Development Group is involved in the development, design and construction of recreational facilities. The Agriculture and Food division operations include construction and operation of geothermal backed greenhouses, organomineral & microgranule fertilizer production, seed cultivation and food processing. Investment group makes selective investments via becoming partner in public equities, private equities, and VC’s.
For more information about Alarko please visit www.alarko.com.tr.
About Eregli Agrosan
Eregli was established in order to produce high-value, natural products and derivatives from plants, vegetables and fruits grown in Turkey. Eregli aims to operate in a vertical integration model ranging from raw material production to end product production to achieve its goal. Eregli’s target in the medium term is to produce dried fruit and vegetables for both the domestic market and for export.
Eregli’s head office is located in Istanbul and their Production, R&D and Quality Control Laboratory is located in Tarsus-Mersin, which is used for the production of dried powders and pieces of fruit and vegetables, new and advanced technologies and high quality products have been produced to address niche markets.
The core value of Eregli is its talented and experienced management team. Combining their past experience in various important areas such as production, construction, establishment and management of process industries, international trade, marketing and public relations, these people complement each other well. The company has a significant wealth of connectivity in the industry due to its key people.
For more information about Eregli, please visit https://www.eregliagrosan.com/.
À propos d'EnWave
EnWave est un leader mondial dans l'innovation et l'application de la déshydratation par micro-ondes sous vide. Depuis son siège à Delta, en Colombie-Britannique, EnWave a développé un solide portefeuille de propriété intellectuelle, perfectionné sa technologie Radiant Energy Vacuum (REV™) et transformé une idée novatrice en une solution de séchage éprouvée, cohérente et évolutive pour les industries alimentaire, pharmaceutique et du cannabis, qui surpasse largement les méthodes de séchage traditionnelles en termes d'efficacité, de capacité, de qualité des produits et de coût.
Avec plus de cinquante partenaires générateurs de redevances répartis dans vingt-six pays et sur cinq continents, les partenaires licenciés d'EnWave créent des en-cas et des ingrédients rentables et inédits, améliorent la qualité et la régularité de leurs offres existantes, réduisent leurs coûts et accèdent plus rapidement au marché grâce à la technologie brevetée de la société, à ses machines sous licence et à ses conseils d'experts.
La stratégie d'EnWave consiste à signer des licences commerciales assorties de redevances avec les producteurs de denrées alimentaires qui souhaitent sécher mieux, plus rapidement et plus économiquement que la lyophilisation, le séchage sur claies et le séchage à l'air, et profiter des avantages suivants : produire de nouveaux produits intéressants, atteindre des niveaux d'humidité optimaux jusqu'à sept fois plus rapidement, et améliorer le goût, la texture, la couleur et la valeur nutritionnelle des produits.
Pour en savoir plus, consultez le site EnWave.net.
EnWave Corporation
M. Brent Charleton, CFA
Président et directeur général
Pour plus d'informations :
Brent Charleton, CFA, président et directeur général au +1 (778) 378-9616
E-mail : bcharleton@enwave.net
Dylan Murray, CFO at +1 (778) 870-0729
E-mail : dmurray@enwave.net
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