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EnWave Studies Acquisition of Eregli Agrosan by Alarko Holdings Categorical Occasions

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VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) — EnWave Company (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Firm”) introduced in the present day that it has accepted the acquisition of Ereğli Agrosan Doğal Ürünler ve Türevleri Tarım Üretim ve Ticaret A.Ş. (“Eregli”), a Turkish licensor of the Firm’s Radiant Vitality Vacuum (“REV™”) dehydration know-how, by Alarko Tarim Sanayi ve Ticaret A.Ş. (“Alarko Tarım”) which is a subsidiary of Alarko Holdings A.S. (“Alarko”), one of many largest and most revered enterprise conglomerates in Turkey. Alarko Tarım has acquired 100% of Eregli and has been assigned the prevailing license between EnWave and Eregli.

Alarko Tarım intends to make materials investments into Eregli to develop its drying enterprise and additional enhance the commercialization of their REV™-dried product portfolio. Eregli at the moment produces an intensive checklist of dried fruit, vegetable and dairy merchandise utilizing REV™ know-how.

About Alarko
Based in 1954 as a restricted partnership by İshak Alaton and Üzeyir Garih, Alarko Holding is among the most revered enterprises of the Turkish financial system with its main manufacturers, intensive data and expertise in numerous fields, excessive know-how pushed R&D investments, nationwide gross sales community, worldwide tasks and ambition for world competitors.

Alarko Group corporations function in energy technology and utilities underneath vitality phase, development, business and commerce, tourism, actual property investments and property improvement, agriculture and meals sectors together with funding arm. The holding firm apart from itself has two listed subsidiaries; one is Alarko Gayrimenkul Yatırım Ortaklığı A.Ş. (ALGYO) and the opposite is Alarko Service Sanayi ve Ticaret A.Ş. (ALCAR). The Vitality Group produces and distributes electrical energy by its energy crops throughout Turkey. The Contracting Group corporations function as common contractors and are engaged within the development of business buildings and industrial crops. The Trade and Commerce Group produces and markets heating, air flow, air con items and pumps, in addition to offering after-sale providers. The Tourism Division operates and manages inns and vacation resorts. The Property Growth Group is concerned within the improvement, design and development of leisure amenities. The Agriculture and Meals division operations embrace development and operation of geothermal backed greenhouses, organomineral & microgranule fertilizer manufacturing, seed cultivation and meals processing. Funding group makes selective investments through changing into associate in public equities, non-public equities, and VC’s.

For extra details about Alarko please go to www.alarko.com.tr.

About Eregli Agrosan
Eregli was established with the intention to produce high-value, pure merchandise and derivatives from crops, greens and fruits grown in Turkey. Eregli goals to function in a vertical integration mannequin starting from uncooked materials manufacturing to finish product manufacturing to realize its aim. Eregli’s goal within the medium time period is to provide dried fruit and greens for each the home market and for export.

Eregli’s head workplace is situated in Istanbul and their Manufacturing, R&D and High quality Management Laboratory is situated in Tarsus-Mersin, which is used for the manufacturing of dried powders and items of fruit and greens, new and superior applied sciences and top quality merchandise have been produced to handle area of interest markets.

The core worth of Eregli is its proficient and skilled administration crew. Combining their previous expertise in numerous vital areas resembling manufacturing, development, institution and administration of course of industries, worldwide commerce, advertising and marketing and public relations, these folks complement one another effectively. The corporate has a major wealth of connectivity within the business attributable to its key folks.

For extra details about Eregli, please go to

About EnWave
EnWave is a worldwide chief within the innovation and software of vacuum microwave dehydration. From its headquarters in Delta, BC, EnWave has developed a strong mental property portfolio, perfected its Radiant Vitality Vacuum (REV™) know-how, and reworked an progressive thought right into a confirmed, constant, and scalable drying answer for the meals, pharmaceutical and hashish industries that vastly outperforms conventional drying strategies in effectivity, capability, product high quality, and value.

With greater than fifty royalty-generating companions spanning twenty-six nations and 5 continents, EnWave’s licensed companions are creating worthwhile, never-before-seen snacks and substances, enhancing the standard and consistency of their current choices, working leaner and attending to market quicker with the corporate’s patented know-how, licensed equipment, and professional steering.

EnWave’s technique is to signal royalty-bearing business licenses with meals producers who need to dry higher, quicker and extra economical than freeze drying, rack drying and air drying, and revel in the next advantages of manufacturing thrilling new merchandise, reaching optimum moisture ranges as much as seven occasions quicker, and enhance product style, texture, coloration and dietary worth.

Be taught extra at EnWave.web.

EnWave Company

Mr. Brent Charleton, CFA
President and CEO

For additional data:

Brent Charleton, CFA, President and CEO at +1 (778) 378-9616
E-mail: [email protected]       

Dylan Murray, CFO at +1 (778) 870-0729
E-mail: [email protected]

Protected Harbour for Ahead-Wanting Info Statements: This press launch might comprise forward-looking data based mostly on administration’s expectations, estimates and projections. All statements that handle expectations or projections in regards to the future, together with statements in regards to the Firm’s technique for development, product improvement, market place, anticipated expenditures, and the anticipated synergies following the closing are forward-looking statements. All third-party claims referred to on this launch aren’t assured to be correct. All third-party references to market data on this launch aren’t assured to be correct because the Firm didn’t conduct the unique main analysis. These statements aren’t a assure of future efficiency and contain quite a lot of dangers, uncertainties and assumptions. Though the Firm has tried to determine vital elements that would trigger precise outcomes to vary materially, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.

enwave reports acquisition of eregli agrosan by alarko holdings
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