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Company Radiant Energy Vacuum ( REV ) Dehydration Technology Vancouver-based industrial technology company, University of British Columbia spin-off REV is a proprietary method of drying a diverse range of sensitive materials such as foods and pharmaceuticals
Market Position REV Advantages* Replace freeze drying (FD) as a preferred method for drying sensitive materials: Lower Cost; typically ¼ FD costs or less. Fast typical drying process about ¼ hour to 8 hours Small rapid throughput means smaller footprint in plant Continuous Flexible controllable moisture levels Improved nutrients, flavour, colour, texture and/or biological activity. Other product-specific benefits: Excellent retention of texture, nutrition, colour and flavour Puffing for piece size similar to fresh *Subject to individual product applications
REV Technology Technology Overview REV technology applies microwave energy under vacuum to achieve high-speed dehydration at low temperatures Designed for dehydrating sensitive materials rapidly and retaining flavor, appearance, biological activity, nutrients rehydration potential, etc. Key discoveries: 1. Methods of distributing microwave field to avoid plasma discharge in vacuum, and 2. Means of achieving reliable, homogeneous dehydration across a large load.
Removing moisture to preserve products Better Product Faster Process Cheaper Cost EnWave s REV Technology Superior Color, Stronger Flavor, High Nutritional Retention Minutes or Hours (1.5 hours for Blueberries) Up to 80% lower processing costs (Combination of lower capital costs, lower labor costs and lower energy costs) Freeze Drying High Nutritional Retention Hours or Days (24 36 hours for Blueberries) High capital costs, High energy costs Hot Air & Spray Drying Heat & Oxygen Damages Color, Flavor, Nutrients & Texture Hours (6 hours for Blueberries) Low capital costs, Competitive energy costs 5
Commercial Licenses Signed for 4 of 5 Platforms We expect REV to replace freeze drying as the industry standard for drying sensitive, high-value biological materials: Faster Smaller footprint Lower capital & operating costs Continuous Process Technology developed over 15 years and protected by 16 patents issued or pending Platforms Expanded nutrarev MIVAP powderrev quantarev (In Development) freezerev (In Development) Functionality Dehydrates pieces of solid food; continuous tumble drying High-speed, low temperature drying of purees in trays Converts bulk frozen material to dry powder; accelerated, continuous freeze drying Dries pastes, gels, liquids, or particulates; continuous highvolume belt drying above freezing High-speed continuous dehydration of biomaterials in vials 6
nutrarev TM for Continuous Vacuum Drying of Solids Above Freezing www.enwave.net TSX-V: ENW FSE: E4U
nutrarev Technology Dried Puffed Blueberries Fresh blueberry nutrarev dried, puffed blueberry
nutrarev Technology Puffed Dried Cheese Balls
Example nutrarev production $/pound dry snack. $6.00 $5.00 $4.00 $3.00 $2.00 Operating $ Capital $ Fruit $ $1.00 $0.00 Chickpeas Banana Strawberries
nutrarev 100kW Commercial-scale dehydrator 15 m
Dry Chickpea Snack Process Dry peas soaked 24 h and boiled 40 minutes to 70% moisture. nutrarev dried and puffed to <5% moisture (~ 45min). Yield: 1 lb dry gives 0.94 lbs dry snack. Seasonings added. Package alone or mixed with other snack ingredients.
quantarev TM for Continuous Belt or Tray Vacuum Drying Above Freezing www.enwave.net TSX-V: ENW FSE: E4U
quantarev New REV design for continuous large scale vacuum drying Belt or tray conveyor (up to 5 wide) allows large scale processing of liquids, pastes, or solids (tons/hr) Extends REV potential into larger volume product areas: Fruit and vegetable pieces Protein gels, pastes or purees Etc. EnWave establishing exclusive collaborations with market leaders to broaden market acceptance of quantarev 1 st large-scale quantarev to be installed in Montreal late 2014 for dehydro-frozen vegetables
quantarev Platform for continuous large scale vacuum drying Single engine proved technical design capable of massive scale-up 18kW pilot-scale unit now being tested by multiple collaborators 120kW unit now being built to partially dry 500kg of vegetables per hour for Bonduelle ; dehydro-frozen mushrooms, onions, etc. Single Engine Unit 18kW Pilot-Scale Unit 120kW Commercial Unit
powderrev TM for Accelerated Drying Below Freezing www.enwave.net TSX-V: ENW FSE: E4U
Pharma & Biologics Evolution powderrev & freezerev Single vial unit proved viability in the pharma & biologic space 250 multi-vial unit proved successful scale up and has yielded multiple sets of valuable testing results powderrev accelerates drying below freezing for commercial quantities Single Vial Lab Unit 250 Multi-Vial Unit powderrev Platform
powderrev Frozen pellets (85% moisture) REV dried pellets (1.5% moisture)
REV Patent Overview Strong Intellectual Property 17 REV patents currently held or filed by EnWave Acquired 8 base patents from University of BC in 2011. Acquired US patents & know-how from German competitor Hans Binder GmbH in 2010 Purchased Binder in 2012 Filed new patents for freezerev, quantarev, Modular nutrarev, etc.
EnWave Business Model Exclusivity & Usage Fee Based EnWave holds controls REV dehydration technology with product, process and equipment patents EnWave supplies REV equipment and licenses use to customers for specific products or markets In return for a fee on usage, customers receive exclusive rights to the technology for their products or markets
(2) (2) 2010 2011 2012 2013 2014 (1) Research collaboration does not guarantee commercial success; commercial success requires positive product development and market evaluation either direct or via a strategic supplier. (2) EnWave signed a commercial royalty-bearing license with a division of Bonduelle on November 19, 2013 and signed a commercial royalty-bearing license with Hormel Foods Corporation on June 28, 2013. Refer to company press releases (filed on www.sedar.com) for further information. 23
Meat Products Food Enzymes Cheese Snacks Dehydrofrozen Products Herbs & Spices 10 Current Commercial Licenses Fruit & Vegetable Products NN nutradried Creations Sutro Biopharma 24
Contact Details Tim Durance Chairman & Co-CEO Phone: (604) 525-1178 Cell: (604) 319-8404 Email: tdurance@enwave.net www.enwave.net TSX-V: ENW FSE: E4U