EnWave receives R&D funding to develop REV dehydration technologies

Sep 30 2009

EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U) ("EnWave" or "the Company") today announced that it has received research and development funding from three separate Canadian federal and provincial government agencies totaling $370,000 to continue the Company's development of its Radiant Energy Vacuum ("REV") dehydration technology for food, food cultures, and biopharmaceuticals.

"We are grateful for the support from all three government agencies as we continue our important work of developing dehydration technology for food, food cultures, and for the production of stable vaccines and antibodies at room temperature," said Dr. Durance. "In addition to our own shareholders, government funding has been an integral aspect of EnWave's continued development and it is encouraging to see that significant research and development initiatives in the Canadian private sector are rewarded. We would like to thank the Natural Sciences and Engineering Research Council, the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) and the B.C. Innovation Council for their continued support of Enwave's revolutionary dehydration technology."

The Natural Sciences and Engineering Research Council ("NSERC") has awarded Dr. Tim Durance, EnWave's Chairman & Co-CEO, $190,000 payable over 5 years to continue his work at the University of British Columbia on Radiant Energy Vacuum technology for drying and stabilizing vaccines, probiotic bacteria, and natural antimicrobial agents. This technology is designed to produce room temperature stable vaccines and antibodies at a fraction of the cost and processing time over freeze drying which, when proven commercially, would be a considerable breakthrough over that technology.

NRC-IRAP is providing EnWave with over $175,000 in matching funds over two years to continue the development of EnWave's powderREV bulk powder dehydration technology. powderREV is being designed to provide high-speed dehydration of live or active organisms at significantly reduced cost than the current industry standard of freeze drying. This is the second major contribution received by EnWave from the NRC-IRAP program in less than five years.

EnWave was also selected by the B.C. Innovation Council - Commercialization of Agricultural Technology Competition ("BCIC CAT Competition") to receive a $10,000 grant to develop a business plan for the Company's next version of the nutraREV^TM food dehydration technology. Companies selected for grants are also eligible to compete for additional technology commercialization grants of up to $250,000 for their proposed technologies. Companies must submit business plans by October 31, 2009 and the plans chosen by the BCIC will receive the second stage of grants in Q4 2009.