EnWave Announces Exclusive Partnership with Medical Cannabis Producer Tilray(R) and the Shipment of First Radiant Energy Vacuum Machine for the Commercial Production of Medical Cannabis

VANCOUVER, BC--(Marketwired - February 01, 2018) - EnWave Corporation (TSX VENTURE: ENW) (FRANKFURT: E4U) ("EnWave", or the "Company") reports today that for the first time, it has shipped a commercial Radiant Energy Vacuum (REV™) dehydration machine for further research refinement and also the commercial production of medical cannabis. Additionally, the Company has named Tilray ("Tilray"), a major Canadian Licensed Producer ("LP"), as its licensed partner under the terms of an exclusive, sub-licensable, royalty bearing commercial license (the "License") signed in October 2017. The License grants Tilray an exclusive right to use and sub-license the Company's proprietary REV™ dehydration technology in Canada for efficient production of high-quality dried and decontaminated cannabis products.

The shipment and installation marks EnWave's entrance into the rapidly growing Canadian cannabis market. The partnership with Tilray has been designed to pair EnWave's disruptive cannabis processing technology with Tilray's industry-leading processing capabilities and regulatory expertise. The Company's strategy, in partnership with Tilray, is to secure additional royalty bearing sub-licenses with additional licensed producers in the cannabis sector.

This first small-scale 10 kW REV™ dryer will be used by Tilray to initiate commercial production and for advanced product development. A second, larger-scale, continuous 60kW commercial REV™ machine will be shipped to the LP before mid-2018 to initiate large-scale commercial production.

EnWave's patented technology pasteurizes and uniformly dries cannabis in its natural state, without any additives, in under one hour, dramatically shortening the time from harvest to marketable products and circumvents the need to transport medical cannabis to highly-specialized and expensive off-site decontamination facilities. EnWave's continuous high-volume REV™ drying process is energy efficient and eliminates the need for large-scale in-house drying rooms and the associated potential for product loss due to mold growth during the traditional multi-day drying process. The automation of the drying process by EnWave's scalable REV™ machinery is expected to reduce personnel costs and provide a highly cost-effective solution for high-quality cannabis production.