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/.

エンウェーブについて  

EnWave社は、真空マイクロ波脱水の革新と応用の世界的リーダーです。EnWave社は、BC州デルタに本社を置き、強固な知的財産ポートフォリオを開発し、放射エネルギー真空(REV™)技術を完成させ、革新的なアイデアを、食品、製薬、大麻産業用の、実績のある、一貫した、拡張可能な乾燥ソリューションに変えました。

世界26カ国、5大陸にまたがる50社以上のロイヤリティ創出パートナーとともに、EnWaveのライセンスパートナーは、同社の特許技術、ライセンス機械、専門家の指導により、収益性の高い、これまでにないスナック菓子や食材を生み出し、既存商品の品質と一貫性を向上させ、無駄のない経営を実現し、より早く市場に投入している。

エンウェーブの戦略は、凍結乾燥、ラック乾燥、風乾よりも、より良く、より速く、より経済的に乾燥させ、エキサイティングな新製品を生産し、最適な水分レベルに最大7倍速く到達し、製品の味、食感、色、栄養価を向上させるという次のようなメリットを享受したいと考える食品製造業者と、ロイヤリティを伴う商業ライセンスを締結することである。

詳しくはEnWave.netをご覧ください。 

エンウェーブ・コーポレーション 

ブレント・チャールトン CFA 

社長兼CEO 

詳細はこちら： 

ブレント・チャールトン、CFA、社長兼CEO、電話：+1 (778) 378-9616
E-mail: bcharleton@enwave.net  

ディラン・マレイ、CFO、電話：+1 (778) 870-0729
E-mail:dmurray@enwave.net   

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