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Major Plant Protein Processing Investment Announcement

May 30, 2022

Lethbridge, AB… PIP International Inc. (PIP) will be celebrating the formal kick-off of its yellow pea wet fractionation pilot facility and commercial testing centre as well as, unveiling their progress towards the construction of a large wet fractionation protein processing facility in Lethbridge’s Sherring Business and Industrial Park.

Members of the media are invited to join Hon. Rajan Sawhney, Alberta’s Minister of Transportation along with His
Worship, Mayor Blaine Hyggen and Christine Lewington, CEO, PIP International Inc. for this exciting announcement.

Date: Monday, May 30, 2022

Time: Program and speakers begin at 11:00 am with media interviews to follow.
Feel free to come early beginning at 10:00 am to take a tour and to enjoy taste testing.

Location: PIP Pilot Facility and Commercial Testing Centre
4085 2 Avenue South (formerly Coulee Brewing Co)

With an early-stage investment of nearly $20 million, this innovative and first of its kind, fully continuous, Agrifood
Processing and Testing Facility represents the first phase of a much larger project. This initial investment
combined with the Government’s support, demonstrates a strong commitment for the further development of a
globally recognized agrifood focused innovation ecosystem in southern Alberta. In addition to creating
approximately 7 full-time highly skilled jobs and 35 temporary construction jobs, this collaboration will result in new
business opportunities and drive further economic growth.

PIP will also provide an update on the next phase of their project to establish a wet fractionation yellow pea protein
facility with a forecasted annual capacity of approximately 126,000 metric tons. This major facility at the heart of
Canada’s Premier Food Corridor will be a milestone development for Alberta’s growing presence in the plant
protein sector.

PIP International (‘PIP’) is a Lethbridge-based agrifood premium plant-based ingredient processor. PIP’s gentler
and innovative patented process delivers an additive free, neutral taste, neutral color, smooth texture, high
functioning protein derived from yellow peas. PIP is dedicated to the expansion of a more sustainable protein
solution on a local and global level. Their team of food industry experts bring decades of design, operations, and
business acumen to this first of its kind greenfield project. PIP’s commitment to adapt and adopt innovative
sustainable practices across all of its business functions right from farm to end consumer level was further
solidified by owning the rights to a revolutionary new patent pending wet fractionation process that results in 30%
less water use than traditional methods.

For more information, contact:
Mark Neskar
Director, Marketing & Communications
Economic Development Lethbridge

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