Dr. Tim Durance reports

ENWAVE SIGNS COLLABORATION AGREEMENT WITH HORMEL FOODS CORPORATION

EnWave Corp. has signed a collaboration agreement with Hormel Foods Corp. to test EnWave's nutraREV food dehydration technology. Terms of the agreement are confidential.

"Our high-speed, low-cost nutraREV technology is being tested by many of the most innovative companies in the food and biomaterials sectors as a possible replacement for freeze-drying, air drying and spray drying," stated Dr. Tim Durance, chairman and co-chief executive officer, EnWave. "We are pleased to be working with Hormel Foods, one of the biggest names in high-quality meat processing."

About Hormel Foods

Hormel Foods, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of Standard & Poor's 500 Index, Dow Jones Sustainability Indexes, Maplecroft Climate Innovation Indexes, Global 1000 Sustainable Performance Leaders and was named one of the 100 most trustworthy companies by Forbes in 2010. The company enjoys a strong reputation among consumers, retail grocers, food service and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit its website.

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