Award Description

The recipients of this award are pre-commercialization companies and are recognized for their potential. They will have distinguished themselves from their peers with demonstrated technology innovation and achieved milestones.

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EnWave Corporation - 2011 Early Stage Company of the Year - Ind. & Ag Winner

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EnWave Corporation is an industrial technology company developing commercial applications for their Radiant Energy Vacuum (REV) dehydration technology. Since 2006, they have developed or acquired the rights to six REV platforms for high-speed drying of food, bulk liquids, and pharmaceuticals. EnWave’s commercial nutraREV™ technology is used in the food industry to produce high-quality dried fruits, vegetables, herbs, meats and seafood more quickly and less expensively than conventional methods. EnWave is also developing powderREV™ for the bulk dehydration of food cultures, probiotics and fine biochemicals such as enzymes. EnWave’s newest prototype is quantaREV™, a high-volume low-temperature continuous platform for the dehydration of pastes, gels, liquids, or particulates. The com¬pany’s proprietary bioREV™ and freezeREV™ technologies are also under development for the stabilization and dehydration of biopharmaceuticals in vials.

In April 2009, EnWave announced a collaboration with Danisco AS, a global player in the production of food cultures and fine bio¬chemicals, to develop their prototype pow¬derREV™ technology, and in July 2010, the Company entered into an R&D Agreement with a subsidiary of Nestlé SA involving nutraREV™ technology. EnWave also has collaboration agreements with Grimmway Farms, the world’s leading producer of organic carrots and vegetables, to evaluate quantaREV™ technology, and with Grupo Bimbo SA, the world’s largest producer of baked goods to evaluate nutraREV™.  The Company plans to expand their current list of multinational collaborators for each of the platforms, with the goal of achieving their first commercial license agreement by the end of 2011.