02:02 PM EST - Blackhawk Growth Corp. : Provided a corporate update on its latest investment NuWave Foods Inc. (“Nu Wave”). NuWave recently signed a “Technology Evaluation and License Option Agreement” (“TELOA”) with EnWave Corporation (“EnWave”) (TSX.V:ENW). During the term of the TELOA, NuWave will have full access to EnWave’s patented drying technology and access to their food engineers for product development and technology evaluation purposes. In addition, NuWave has the option to license EnWave’s Radiant Energy Vacuum (“REV™”) technology for donuts and fritters in North America. REV™ equipment is expected to arrive at NuWave’s Edmonton facility in the coming weeks. "This is a huge leap forward,” said Frederick Pels CEO of Blackhawk. “Access to EnWave’s proven equipment for the dehydration of baked goods will allow NuWave to rapidly expand its product line through collaborative product development. We couldn't be more excited to be working with the amazing team at EnWave, and the timing of this agreement could not be more important. Amid the growing threat of COVID-19, people all over North America have been scrambling to stock their pantries with limited options available. NuWave is positioned to bring high quality, shelf stable baked goods to the marketplace at a time when it's needed the most. With EnWave’s technology and NuWave's quality products and methods, we are able to keep food preservative free and get it to the market quickly. We look forward to growing with NuWave as they create products designed for the world's rapidly changing needs. " Blackhawk Growth Corp.
shares BLR:CNX are trading unchanged at $0.04.
