REV Dehydration: Commercial Drying Technology for Foods and Food Ingredients Company Radiant Energy Vacuum (“REV”) Dehydration Technology Vancouver-based industrial technology company, UBC spin-off Proprietary method of drying food, bulk liquids, biological and pharmaceutical materials Method Radiant Energy Vacuum (“REV”) Microwave energy under vacuum enables high-speed, low temperature drying above or below freezing point Preserve nutritional value, bioactivity, flavor, color, texture better than high temperature methods such as spray or air drying Target to replace conventional drying for sensitive materials and enable new dry products REV Technology Technology Overview REV technology applies microwave energy under vacuum for high-speed drying at low temperatures Key discoveries: 1. Methods of distributing a microwave field to avoid plasma discharge in vacuum. 2. Means of achieving reliable, homogeneous dehydration across a large load. 3. Continuous processing. REV Technology Targeted Advantages Faster Continuous Better Dry in minutes or hours versus days, for reduced capital costs Reduces labour & energy, easily automated Most economical way to dry temperature sensitive products and retain quality, such as biological activity, nutrients, colour, solubility, etc. Puffing Steam & air bubbles inside material can expand & create puffed structure. If material is dehydrated until rigid, expansion will be retained Example: flour & water dough balls. Cross-section of REV Dough Ball cm REV Technology Platforms Functionality Positioned to Compete in Broad Markets Market Segments Dehydrates pieces of solid Low-fat snacks Functional foods nutraREV™ Platform food Continuous, tumble drying Nutraceuticals Pet food Baby food Dried fruits, vegetables, herbs Dried meats Probiotics Food cultures Proteins Pharmaceuticals Enzymes Bulk food powderREV™ Below freezing Converts bulk frozen material to dry powder Rapid, continuous freeze drying quantaREV™ Above freezing Dries pastes, gels, liquids, or particulates Continuous belt drying Fruit pomace Concentrates Ingredients Protein suspensions MIVAP™ High-speed, low temperature drying of purees in trays Meat purees Fruit slices Pomace Encapsulated enzymes TM nutraREV for Dehydration of berries, herbs, meats, vegetable pieces, etc. www.enwave.net | TSX-V: ENW | FSE: E4U nutraREV™ Technology 1.8 kW lab-scale machine nutraREV™ Technology Dried “Puffed” Blueberries Fresh blueberry nutraREV dried, puffed blueberry nutraREV™ Technology Production of biological powders Kale Blueberry Carrot Cranberry nutraREV™ Technology nutraREV™ dried products show similar or better nutrition retention than freeze dried: Product Fresh frozen Air Dried nutraREV ™ Freeze Dry Vitamin A (μg) Carrot 1500 1150 1280 1380 Vitamin C (μg) Carrot 450 150 400 450 Anthocyanins (mg) Blueberry 5.3 2.0 5.0 5.2 Phenolics (mg) Blueberry 35.5 21.5 33.5 24.5 Antioxidants (TBARS) Blueberry 32 20 23 23 Data is per grams of solids. * Sources: Durance et al. 2001 US Patent 6,312,745: Lin et al. 1998. Food Res. International 31:111. nutraREV™ Technology Four Basket 20 kW pilot-scale machine nutraREV Dehydration for production of biological powders. Kale Blueberry Carrot Cranberry powderREVTM for Rapid, Bulk Powder Freeze Drying www.enwave.net | TSX-V: ENW | FSE: E4U powderREV™ Processing biological materials in bulk Converts frozen liquids, purees, or solids into dried powder Collaboration project with Danisco AS, dominant global supplier of freeze dried food cultures & probiotics Successful prototype test completed March 2010 Delivery target for continuous pilot machine in Q2 2011 quantaREV™ Potential large-scale continuous vacuum bed-drying quantaREV™ New REV design for continuous large scale vacuum drying Modular design and belt conveyor allows very large scale processing of liquids, pastes, or solids Proprietary microwave design minimizes costs and prevents arcing Extends REV potential into larger volume product areas: Fruits & vegetables Proteins (soy, canola, milk, eggs, plasma) Meat purees Enzymes (detergents, bio fuels, rubber, beer, spirits) EnWave to establish exclusive collaborations with market leaders to broaden market acceptance of quantaREV™ MIVAP: Tray-based REV Dehydration MIVAP for Purees 180 kW MIVAP for drying chicken meat puree - installed in France Feed pump & hopper for puree Automatic Tray Washing and Storage High-speed, low temperature drying of purees; dried and ground. TM TM bioREV & freezeREV for Pharmaceutical Dehydration www.enwave.net | TSX-V: ENW | FSE: E4U 16 REV Patents Strong Intellectual Property Base patents (8) issued to University of BC, EnWave has exclusive global rights to their use. Company has been filing its own patents since 2008 Includes two issued Canadian patent for REV drying of gels, pastes and foams containing bioactive ingredients, also filed in US, EU, Australia, China, HK, and India, etc. MIVAP US Patents nutraREV™ and powderREV™ equipment patents filed by EnWave and pending in major jurisdictions around the world Commercial Progression Technology Development Targets as of October 2010 REV Technology Patents filed , issued or pending Conceptual prototype stage Pilot development stage Commercial development stage (1) nutraREV™ Multi-national collaboration partners Nestlé & Bimbo powderREV™ 9 to 12 months (2) Danisco quantaREV™ 12 to 18 months Grimmway MIVAP™ (1) (2) (3) N/A Commercial machine with dried capacity of up to 100 Kilo per hour sold to CAL-SAN Expected time required to complete pilot machine testing, Danisco licence agreement and secure first commercial machine order for delivery in first half of 2012 FDA GMP regulatory approvals required for therapeutic pharmaceutical applications Contact Details Contact Us Tim Durance John McNicol Chairman & Co-CEO President & Co-CEO Phone: (604) 822-4425 Cell: (604) 319-8404 Phone: (604) 603-2959 Email: tdurance@enwave.net Email: john.mcnicol@enwave.net