EnWave Named to TSX Venture Top 50 for Second Straight Year

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2011) - EnWave Corporation (TSX VENTURE:ENW)(FRANKFURT:E4U) ("EnWave", or the "Company") was today named as one of the TSX Venture Top 50 companies for 2011, an annual ranking of Canada's top 50 emerging publicly traded companies. The TSX Venture 50 includes the top 10 companies in 5 major industry sectors that have been identified as leaders in providing shareholder value on Canada's junior stock exchange. EnWave was ranked eighth in the list of ten leading Canadian Technology and Life Sciences companies for the year.

"This award reflects the viewpoint shared by our investors around the world in the sheer potential of EnWave's dehydration technology," said John McNicol, EnWave's President and Co-CEO. "With six technology platforms, and collaboration agreements with four multinational corporations, we are on the verge of delivering a new standard in industrial processing to the global market."

The 2011 TSX Venture 50 companies were selected based on four equally-weighted criteria that include share price appreciation, trading volume, market capitalization growth and analyst coverage growth in the Clean Technology, Mining, Oil & Gas, Diversified Industries, and Technology & Life Sciences sectors. The results were obtained from data to December 31, 2010.

About TSX-V

The TSX Venture Exchange includes over 2000 companies in a diverse mix of industry sectors, including mining, energy, industrial, life sciences, technology, clean technology and financial services. The Exchange's total market capitalization is over CDN$60.8 billion. More information about the Top 50 list is available at the following link: www.tsx.com.

About EnWave

Using proprietary technologies developed in conjunction with the University of British Columbia, EnWave is commercializing a new method for dehydrating food and biological materials using Radiant Energy Vacuum ("REV") technology under its nutraREV™, powderREV™, quantaREV™, bioREV™, freezeREV™ and MIVAP™ brands. REV technology combines microwave energy transfer under vacuum to dehydrate and alter structures and drive chemical reactions, thereby creating unique product characteristics for both food products and medical applications that include fruit, vegetables, probiotics, enzymes, proteins, food cultures, vaccines and antibodies. More information about EnWave is available at www.enwave.net.

EnWave Corporation

John McNicol, President & 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.