EnWave Provides Progress Update On Advanced Development Project With US Army To Create Nutrient Rich Field Rations

January 29, 2018

Vancouver, B.C.

EnWaveCorporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) is pleased to announce that it has achieved a series of positive product development results in partnershipwith the US Army Natick Soldier R&D Center (“US Army”) as part of a projectto create superior, phytonutrient-rich field rations for soldiers in the field.

Protein is a readily available source ofnourishment for field soldiers however, the highly perishable nature of fruitsand vegetables presented a challenge for the US Army. By comparison totraditional dehydration techniques, Dr. Tom Yang, leading food technologist forthe US Army, has capitalized on the unique solution that EnWave’s innovativeRadiant Energy Vacuum (REV™) technology provides. By using theCompany’s REV™ technology, nutrient-rich rations can be provided tofield soldiers in high volumes, with a longer shelf life, without compromise tofood quality or soldier performance.

Furthermore, Dr. Yang believes theinitial effort has only scratched the surface for future possibilities. Thejoint project between EnWave and the US Army has brought together government,academia and industry to advance the US Army’s objective of creating new innovativefield rations for soldiers. All contracted work is taking place at EnWave’spilot plant facility in Vancouver, Canada. With the first phase of positiveresults achieved, the US Army and EnWave plan to continue in the project withthe ultimate goal of employing REV™ on a commercial basis for theproduction of soldier field rations.

The innovation and success of the Company’songoing project with US Army is highlighted by the recently published articleby NSRDEC Public Affairs entitled “Natick’s compressed “Salad Bar” is tip ofthe iceberg in Soldier food revolution.” This article can be accessed via the following web address: https://www.army.mil/article/199240/naticks_compressed_salad_bar_is_tip_of_the_iceberg_in_soldier_food_revolution

Cantech Investment Conference

EnWave will also be presenting at the2018 Cantech Investment Conference on January 31st, 2018, at theToronto Convention Centre, Canada. With 3,000+ attendees, EnWave will be showcasingto the top thought leaders, fastest growing companies, and the most influentialinvestors in the country. John P.A. Budreski, EnWave’s Executive Chairman, willbe presenting at 11:40am EST at the TSX Stage. The company will also beoccupying Booth #517 for the duration of the conference.

About US Army Natick Soldier Research, Development and Engineering Center (NSRDEC)

The Soldier’s RDEC – Ensuringdominance through superior Scientific and Engineering expertise NSRDEC providesthe Army with innovative science & technology solutions to optimize soldier/teamperformance and improve combat readiness. By focusing on the soldier domain,NSRDEC incorporates the latest innovations to maximize the warfighter’ssurvivability, sustainability, mobility, combat effectiveness and field qualityof life. Using advanced science and technologygeneration/application/transition that enables rapid evaluation of new equipmentwhen it is needed, NSRDEC continues to empower, unburden and protect warfighters.NSRDEC’s Portfolios and focus areas concentrate on the “The Science Behind theSoldier” and include Soldier & Squad Performance Optimization,Expeditionary Force Projection, Maneuver and Sustainment, Human SystemsIntegration, Individual Multi-Threat Protection, and Soldier Systems EngineeringArchitecture.

About EnWave

EnWave Corporation, a Vancouver-based advanced technology company, has developed Radiant Energy Vacuum (“REV™”) – an innovative, proprietary method for the precise dehydration of organic materials. REV™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, legal cannabis and pharmaceutical sectors. EnWave’s strategy is to sign royalty-bearing commercial licenses with industry leaders in multiple verticals for the use of REV™ technology. The company has signed over twenty royalty-bearing licenses to date, opening up eight distinct market sectors for commercialization of new and innovative products. In addition to these licenses, EnWave has formed a Limited Liability Partnership, NutraDried LLP, to develop, manufacture, market and sell all-natural cheese snack products in the United States under the Moon Cheese® brand.

EnWave has introduced REV™ as the new dehydration standard in the food and biological material sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently has three commercial REV™ platforms:
1.    nutraREV® which is used in the food industry to dry food products quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour;
2.    powderREV® which is used for the bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes below the freezing point, and
3.    quantaREV® which is used for continuous, high-volume low-temperature drying.
An additional platform, freezeREV®, is being developed as a new method to stabilize and dehydrate biopharmaceuticals such as vaccines and antibodies. More information about EnWave is available at www.enwave.net.

EnWave Corporation

Dr. Tim Durance
President & CEO

For further information:
John Budreski, Executive Chairman at +1 (416) 930-0914
E-mail: jbudreski@enwave.net

Brent Charleton, Senior Vice President, Sales and Business Development at +1 (778) 378-9616
E-mail: bcharleton@enwave.net

Deborah Honig, Corporate Development, Adelaide Capital Markets at + 1 (647) 203-8793
E-mail: dhonig@enwave.net

Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management’s expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company’s strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third party claims referred to in this release are not guaranteed to be accurate. All third party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.