EnWave Chairman Wins Award of Excellence for Innovation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2012) - EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U) ("EnWave" or "the Company") today announced that the Investment Agriculture Foundation of B.C. ("IAF") has awarded Dr. Timothy Durance, Chairman and Co-CEO of EnWave, with the 2012 Award of Excellence for Innovation in Agriculture and Agri-Food.

"The Award of Excellence for Innovation is about celebrating the innovative thinkers who help drive B.C.'s agriculture and agri-food industry forward, for the benefit of all British Columbians," said IAF chair Stuart Wilson. "We are very pleased to honour Dr. Durance for his innovation and advancement of superior food dehydration technology."

nutraREV™ food dehydration technology uses a combination of vacuum pressure and microwave energy to deliver a high-speed, low-temperature food dehydration process. The technology can be used to dry fruits, vegetables, low-fat snacks, herbs, meats and seafood at, or below, 37°C (98°F).

"It is very gratifying to be recognized in B.C., where I've spent more than a decade of my career developing this technology," stated Dr. Durance. "B.C. is an ideal environment for agricultural innovators, given the diversity of the agri-food industry. nutraREV™ has the potential to benefit all agri-food sectors by providing producers with an economical, high quality method to diversify their operations."

About IAF

The Investment Agriculture Foundation is a not-for-profit organization that strategically invests funds on behalf of the federal and provincial governments in support of innovative projects that benefit the agriculture and agri-food industries in British Columbia. More information about IAF is available at www.iafbc.ca.

About EnWave

EnWave Corporation is a Vancouver-based industrial technology company developing commercial applications for its proprietary Radiant Energy Vacuum (REV) dehydration technology. In collaboration with an expanding list of multinational partners, including Nestlé, Kellogg's, Grupo Bimbo, Grimmway Farms, Ocean Spray Cranberries, Hormel, Bonduelle and Merck. EnWave is introducing REV as a new dehydration standard in the food and biological material sectors: potentially faster and cheaper than freeze drying, with better end product quality than air drying or spray drying.

EnWave currently has six REV platforms: commercial-scale nutraREV™ and MIVAP™ are used in the food industry to dry fruits, vegetables, meat, herbs and seafood quickly and at low-cost, while maintaining high levels of nutrition, taste, texture and colour. The Company is also developing powderREV™ for bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes; quantaREV™ for continuous, high-volume low-temperature drying of pastes, gels, liquids, or particulates; and bioREV™ and freezeREV™ as new methods 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, Chairman & Co-CEO

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 financial results are forward-looking statements. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. There is no guarantee that the Company's REV technology can or will improve processes in the target industry; even if the Company's REV technology can be used as described in this document, there is no guarantee that such use will result in orders for the Company's REV technology. All figures comparing REV technologies to freeze drying or other dehydration technologies are provided as examples of data obtained through the Company's own scientific and testing programs; each product must be tested individually to determine the benefits of using REV.