EnWave Signs Collaboration Agreement with Grupo Bimbo SA

The Collaboration will focus on the development and testing of certain food products using EnWave’s nutraREV dehydration technology. Terms of the Agreement are confidential.

16 Nov 2010 --- EnWave Corporation announced that the Company has signed a Collaboration Agreement (“the Agreement” or “the Collaboration”) with the world’s largest producer of baked goods, and one of the largest global food companies, Grupo Bimbo SA based in Mexico City, Mexico. The Collaboration will focus on the development and testing of certain food products using EnWave’s nutraREV dehydration technology. Terms of the Agreement are confidential.

“This is potentially a major step forward in EnWave’s strategy for the world-wide introduction of nutraDried food products,” stated EnWave Chairman and Co-CEO, Dr. Tim Durance. “We have had a tremendous degree of interest from global food producers in our high-speed, low-cost dehydration technology, and this agreement with Grupo Bimbo represents our first collaboration with a Latin American-based company.”
 
With 2009 revenues of just under USD$9 billion, over 100,000 employees, and nearly 100 manufacturing facilities around the world, Grupo Bimbo is currently ranked among the largest food corporations in the world. With the 2009 acquisition of the Weston Foods Inc. fresh bakery business in the United States, and the recent announcement of the acquisition of the Sara Lee U.S. bakery business, Grupo Bimbo is also the world's largest bread manufacturer. Grupo Bimbo currently markets over 7,000 products under more than 150 different brands in Latin America, United States and China, with names including Oroweat, Bimbo, Entenmann’s, Boboli, and Thomas’. Grupo Bimbo’s distribution network comprises over 40,000 supply routes and 1.8 million points of sale.