BranchOut Food Inc. Expands Partnership with EnWave Corporation. Increasing Manufacturing Capacity by an Additional ~$15mm Annually & Secures Additional Product Exclusivities.
BranchOut has agreed to purchase a second large-scale, continuous throughput dehydration machine from Enwave.
- BranchOut has agreed to purchase a second large-scale, continuous throughput dehydration machine from Enwave.
- Under the terms of the new Equipment Purchase Agreement (the "Agreement"), the 120kW REV™ machine is slated for delivery to BranchOut in late calendar 2024 and will add an additional $15mm in estimated topline capacity.
- Enwave's Radiant Energy Vacuum (REV™) technology and associated patent portfolio was previously licensed to BranchOut along with exclusivity for its original core products.
- Under the new Agreement, the product exclusives have been significantly expanded to encompass the new and innovative products BranchOut has recently developed and will be launching in the very near future.