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Fourth pulse-processing company to set up shop in Alberta Copy

BioPower Operations Corporation (BOPO – OTC) announces entering into multiple agreements with PIP North America Inc of Canada, that includes technology licensing options for HyFi’s Vault and DeFi marketplaces and stock and token purchases.

Aventura, Florida., June 29, 2022 (GLOBE NEWSWIRE) — BioPower Operations Corporation (OTC: BOPO), currently in process of changing its name to HYFI Corp. (“HyFi”), *subject to clearance by FINRA announces the execution of multiple agreements with PIP North America (“PIP”) to raise funds in a non-dilutive manner through HyFi’s new DeFi ILO marketplace technology platform and includes undisclosed technology licensing options for HyFi’s Vault and DeFi marketplaces and stock and token purchases. Focused initially on raising funds for PIP’s large scale yellow pea wet fractionation processing facility, PIP will have conditional exclusive rights and renewal options to the agriculture sector.

During the term of the Agreement, PIP will work closely with HyFi’s team to fully execute and maximize global funding channels to meet PIP’s accelerated growth plans. PIP’s large-scale production will commence in late 2023 to fulfil the growing demand for pea protein isolate and derivative products.

Demand for high-quality pea protein isolate has increased dramatically in recent years with the popularization of plant-based diets and increasing consumer awareness regarding nutritional benefits offered by pea proteins. The lack of investment in the agriculture sector specifically prevents plant-based market growth. HyFi and PIP aim to bring a solution to this funding problem. Solving this problem is a key factor to successfully drive the growth of the pea protein market worldwide. The plant-based protein market is expected to increase at a compound annual growth rate (CAGR) of 12% and achieve sales revenue of $1.4B USD globally by 2025.

PIP’s CEO, Christine Lewington stated, “We are excited to be the first company to use the HyFi ILO marketplace in an effort to raise significant non-dilutive funds for PIP’s large capital fund raising demands.”

Troy MacDonald, HyFi Corp. CEO stated, “We are excited to enter into these various agreements with PIP as we are strong believers in plant-based proteins and believe this is only the beginning of major business dealings and initiatives together.”

About PIP INTERNATIONAL

PIP International (‘PIP’) is a Canadian-based Ag-Tech, Agri-food 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. They are 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 is disrupting the plant-based industry with their premium pea protein isolate called UP.P Protein. They are receiving unprecedented results compared to anything yet developed in plant-based proteins. UP.P Protein transcends across diverse product lines, from plant-based meats to spoon-ables to shelf-stable dairy beverages. All are developed with unparalleled ease, as UP.P Protein is effectively and easily optimized for existing and new plant-based products.

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 wet fractionation process that results in 30% less water demand than traditional methods.

For more information about PIP International, please visit pip-international.com or inquiries@pip-international.com.

About BioPower Operations Corporation or HYFI Corp.

BioPower Operations Corporation (OTC: BOPO) is a Nevada corporation that is currently in the process of changing its name, subject to clearance by FINRA, to HYFI Corp. Headquartered in the USA, HYFI Corp. is a fintech company that has developed and owns an innovative blockchain technology called “HyFi”.

The company licenses, operates and enables tokenized economies for various DeFi marketplaces. HyFi wants to make DeFi marketplaces accessible for client issuers who register offerings with the SEC or comparable international regulators to offer NFT initial license offerings (“ILOs”) and bridge loan offerings (“BLOs”).

HyFi also provides an NFT Vault offering which provides a modern marketing solution to reach today’s buyers and global Internet Community. The Vaults enable HyFi Partner companies to collaborate with HyFi, or license our technology, to market their products and services. This unique Blockchain technology marketing tool can also track distributors, affiliates and influencers successes and sales for the promotion and introduction of the products or services.

HyFi technology may also allow for the transparent trading of decentralized assets like NFTs and digital assets in the future. Information about the company can also be found on the Securities and Exchange Commission’s EDGAR site under the Issuer Profile of “BioPower Operations Corporation.”

For more information please visit: www.hyfi-corp.com

Media Contact

Troy MacDonald, CEO

+1-786-923-0272

Web: hyfi-corp.com

FORWARD LOOKING STATEMENTS

This Press Release contains “forward-looking” statements or statements which arguably imply or suggest certain things about our future. Statements which express that we “believe,” “anticipate,” “expect,” or “plan to,” and any other similar statements which are not historical fact, are forward-looking statements. These statements are based on assumptions that we believe are reasonable, but there are a number of factors that could cause our actual results to differ materially from those expressed or implied by these statements. You are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements speak as of the date hereof, and we do not undertake any obligation to update or revise any forward-looking statements, except as expressly required by law.

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Fourth pulse-processing company to set up shop in Alberta

PIP International says it has licensed new fractionation technology that eliminates the “poor taste, colour, texture and compromised performance” of protein extracted from yellow peas. CEO Christine Lewington says the company will be producing commercial volumes by next year. Photo: PIP International/Anita Jeanine Photograph

Fourth pulse-processing company to set up shop in Alberta

PIP International says it has a superior way to process yellow peas that will give it a market advantage

A company that says it has licensed “a groundbreaking technological breakthrough in plant proteins” has been given $1 million in government funding towards a $20-million pea-processing pilot facility in Lethbridge.

And PIP International said it plans to start construction on a $150-million processing facility towards the end of the year.

In a release, the company said it had worked with a French company to develop an extraction technology that produces superior plant proteins.

“The innovative technology has finally cracked the code on pea protein’s poor taste, colour, texture and compromised performance,” the release stated.

It said PIP International has secured “an exclusive master licence agreement for the rights to use and sub-license a transformative ‘coercion’ technology. By using a targeted reaction, under strict parameters, the process quickly but gently separates or ‘coerces’ out the proteins without damaging their functional properties.”

The pilot facility was set up in a building that was a craft brewery but has been converted into a pea-processing and testing facility. The $1-million grant from the federal and provincial governments will be used for engineering work and the purchase of processing equipment, the province said in a release. The money came via the Canadian Agricultural Partnership.

“These funds were key to meeting fall 2022 protein isolate deliveries demanded by several plant-based multinational companies,” said Christine Lewington, the CEO of PIP International.

The company will produce “large” volumes of its trademarked ingredient UP.P (which is short for Ultimate Pea Protein) by next year, she said.

“Once operational, the facility will create 100 new jobs, process about 126,000 tonnes of yellow peas annually and support more than $75 million in annual pea contracts for local and regional growers,” said the release from the company, which described itself as ‘a privately owned, Canadian-controlled corporation.”

The facility would be the fourth major pulse-processing plant in Alberta. British company Lovingly Made Foods opened a facility in Calgary in 2021, More Than Protein Ingredients, is building a $100-million facility in Bowden that will open next year, and last month a Calgary company called Phyto Organix said it is poised to start construction on a $225-million fractionation plant in Strathmore.

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Plant protein sprouting new roots in Alberta

Plant protein sprouting new roots in Alberta

PIP International, a Canadian-based agrifood company, is celebrating the opening of a new $20-million pea-processing pilot facility in Lethbridge.

In partnership with the federal government, Alberta’s government awarded PIP $1 million through the Canadian Agricultural Partnership to support engineering and the purchase of processing equipment for the pilot facility.

The facility, which was previously a mid-sized craft brewery, was converted into a fully commercialized pea processing and testing centre.

As part of a two-phase project, the pilot facility is the first step in testing PIP’s new innovative extraction technology that will significantly improve the quality, purity and environmental impact of the protein isolates before scaling up production.

“With Prairie farmers producing such a large percentage of Canada's pulse crop, the opportunities to process these crops and create new, higher-value products closer to home are enormous. The Government of Canada’s investment in this innovative pilot facility will redefine plant-based protein for the region, support our economy and continue to position Canada as a global leader in sustainable production.”
Marie-Claude Bibeau, federal Minister of Agriculture and Agri-Food

Nate Horner, Minister of Agriculture, Forestry and Rural Economic Development
The first phase of the project received funding through the Emerging Opportunities program under the Canadian Agricultural Partnership, which supports strategic initiatives that contribute to significant sector growth and job creation in Alberta.

“With demand for plant-based foods increasing globally, investing in PIP’s pilot facility is part of a larger strategy to grow and diversify Alberta’s emerging agri-food sector. PIP’s new pilot facility is a stepping stone to a larger investment that will create new jobs and help grow Alberta’s budding plant protein sector.”
Nate Horner, Minister of Agriculture, Forestry and Rural Economic Development

The first phase of the project received funding through the Emerging Opportunities program under the Canadian Agricultural Partnership, which supports strategic initiatives that contribute to significant sector growth and job creation in Alberta.

“I am thrilled that PIP International has chosen Lethbridge to call home for their pilot pea processing and future large-scale production facilities. This kind of investment speaks to our city's ability to attract big business and economy builders to the region while providing a stable and prosperous outlook for our future."
Blaine Hyggen, mayor, City of Lethbridge

Future investment in Lethbridge
Phase 2 will establish a new $150-million yellow pea protein facility in the heart of Canada’s premier food corridor in Lethbridge. Construction of the facility will begin in late 2022.

Once operational, the facility will create 100 new jobs, process about 126,000 tonnes of yellow peas annually and support more than $75 million in annual pea contracts for local and regional growers.

“PIP appreciates ongoing government support that encourages further investment and growth in the agri-food industry. These funds were key to meeting fall 2022 protein isolate deliveries demanded by several plant-based multinational companies. Our pilot plant ensures the market will be ready and primed for the large production volumes of our UP.P™ protein isolate in 2023.”
Christine Lewington, CEO, PIP International

Quick facts

  • The Canadian Agricultural Partnership is a five-year, $3-billion commitment by Canada’s federal, provincial and territorial governments that supports Canada’s agriculture, agri-food and agri-products sectors. This includes a $2-billion commitment that is cost-shared 60 per cent federally and 40 per cent provincially/territorially for programs that are designed and delivered by provinces and territories.
    • Programs and activities are focused on:
    • growing trade and expanding markets
    • innovative and sustainable growth of the sector
    • supporting diversity and a dynamic, evolving sector
  • In Alberta, the Partnership has committed a federal-provincial investment of up to $406 million over five years towards strategic programs and services that are aligned to national objectives and tailored to priorities in Alberta.
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Visionary Canadian Ag-Tech Company PIP International Launches Groundbreaking Technology

Visionary Canadian Ag-Tech Company PIP International Launches Groundbreaking Technology

Revolutionary UP.P™, Ultimate Pea Protein, Unlocks the Potential of Plant-Based Protein

Canadian Ag-tech plant-based processor, PIP International (PIP), announced today a groundbreaking technological breakthrough in plant proteins.  The innovative technology has finally cracked the code on pea protein’s poor taste, colour, texture and compromised performance, driving “UP” industry standards and the potential to shift consumers’ enjoyment of plant-based foods.  UP.P™ or ‘Ultimate Pea Protein’ offers what no other pea protein can, a demonstrable visual appeal and superior functionality while providing a level of affordability that is attracting global attention from leading food manufacturers.

In 2020, PIP International, a privately owned Canadian-controlled corporation, secured an exclusive master license agreement for the rights to use and sub-license a transformative “coercion” technology. By using a targeted reaction, under strict parameters, the process quickly but gently separates or “coerces” out the proteins without damaging their functional properties. In addition, PIP demonstrates evidence of their commitment to the environment by harnessing alternate industry technologies to significantly reduce water, generate and store abundant green power, eliminate waste, and drastically drop the natural gas demands.

“The growing demand for plant proteins is at an all-time high, but consumers still want more enjoyable and sustainable plant-based options. PIP’s UP.P™is responsibly extracted with an unrelenting focus on a neutral taste without diminishing performance, creating a product with the unparalleled potential to disrupt the industry,” said Christine Lewington, CEO of PIP International.“PIP is excited to introduce UP.P™, as we saw what others have seen, but we are now doing what others have never done.”
Christine Lewington

Knowing where our food comes from and how it is processed is changing how many companies do business. To implement full transparency of PIP’s supply chain, in late 2021, PIP secured the required acres to grow their current and future pea demand. PIP has the unique ability to implement a leading-edge Ag-tech traceability program, controlling from seed to final protein. 

Committed to accelerating the global adoption of sustainable plant proteins, UP.P™ transcends across diverse applications for food manufacturers including: dairy, cheeses, spoon-ables, beverages, confectionery and specialty foods. Renowned for their complete essential amino profile and soil-fixing environmental benefits, peas are also an excellent protein source, high in fibre, low-fat, digestible, low allergens, and use less water to grow.

“IMPROVE SAS has been working with PIP International closely for over two years to commercialize a significant advancement in plant protein extraction technology,” said Denis Chereau, CEO IMPROVE SAS, France. “PIP owns an Exclusive Master License Agreement for IMPROVE’s innovative, patent pending, sustainable extraction technology that will bring the cleanest tasting, highest functioning, most sustainable pea protein to the market!”

With the plant-based protein industry expected to reach over $14 billion USD in the next three years, and the increasing criticism of unsustainable processing, the agri-food sector requires more investment and innovation.  PIP International’s vision and emerging ecosystem is a bright light in the food industry and Canada’s Food Corridor as they invest and innovate to maximize new product developments, value-added economic streams, and environmental stewardship. As a result, consumers will soon have a cleaner, tastier and more optimized option for their plant-based protein, thanks to UP.P™.

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EnWave and PiP International Inc. Sign Technology and Evaluation License Option Agreement to Develop Best-in-Class Pea Protein Isolate Products

EnWave and PiP International Inc. Sign Technology and Evaluation License Option Agreement to Develop Best-in-Class Pea Protein Isolate Products

EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a Technology Evaluation and License Option Agreement (the “Agreement”) with Protein Isolate Plant International Inc. (“PiP International”) to evaluate the potential commercial use of the Company’s Radiant Energy Vacuum (“REV™”) dehydration technology in their high-volume pea isolate protein manufacturing process. During the limited evaluation term, PiP International has exclusive rights to evaluate the Company’s patented REV™ drying technology for pea protein isolate and derivative products globally.

During the term of the Agreement, PiP International will lease a 10kW REV™ machine for intensive product development at its processing facility in Lethbridge, Alberta. If commercially viable pea protein isolate applications are developed under the Agreement, PiP International will look to purchase large-scale REV™ machinery to commence commercial production to fulfil the growing demand for pea protein isolate and derivative products.

This Agreement marks the first time EnWave has formerly engaged in an evaluation for this area of product development. PiP International’s pea protein isolate products will be used as a food ingredient with a neutral taste that could be usedin dairy alternatives and to increase the protein content in smoothies and shakes. Pea proteins are often useful ingredients to provide structure to gluten-free foods or improve texture as well.

Demand for high-quality pea protein isolate and its derivative products has increased dramatically in recent years with the popularization of plant-based diets and increasing consumer awareness regarding nutritional benefits offered by pea and pea proteins. These are the key factors that are projected to drive the growth of the pea protein market worldwide, which is expected to increase at a compound annual growth rate (CAGR) of 12% and achieve sales revenue of $1.4B USD globally by 2025.1

1 https://www.globenewswire.com/en/news-release/2020/11/13/2126530/0/en/Global-Pea-Protein-Market-
Size-Share-Will-Reach-USD-1450-Million-by-2026-Facts-Factors.html

About PiP INTERNATIONAL

PiP International is a Canadian-based food manufacturer that specializes in producing the ultimate pea protein. They are dedicated to the expansion of alternative protein solutions 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 is disrupting the plant-based industry with their premium pea protein isolate called UP.P. They are receiving unprecedented results compared to anything yet developed in plant-based proteins with UP.P transcending across unlimited product lines with unparalleled ease as it is effectively and easily optimized for all plant-based product development.


PiP International is now aiming to speed its sustainability goals, determined to adapt and adopt sustainable practices across all of its business functions right from farm to end consumer level. They own the rights to a revolutionary new wet fractionation process for the highest functioning plant protein from peas, resulting in 30% less water use than traditional methods.


For more information about PiP International, please visit: pip-international.com.

About EnWave

EnWave Corporation, a Vancouver-based advanced technology company, has developed a Radiant Energy Vacuum (“REV™”) – an innovative, proprietary method for the precise dehydration of food and cannabis applications. EnWave holds a robust intellectual property portfolio protecting several unique processes relating to specific food applications produced using vacuum-microwave technology.

REV™ technology’s commercial viability has been demonstrated and is growing rapidly across several market verticals in the food, and pharmaceutical sectors, including legal cannabis. EnWave’s strategy is to sign royalty-bearing commercial licenses with innovative, disruptive companies in multiple verticals for the use of REV™ technology. It has signed over forty-five licenses to date in twenty countries worldwide. In addition to these licenses, EnWave established a Limited Liability Corporation, NutraDried Food Company, LLC, to manufacture, market, and sell REV™-dried snack products in North America, including the Moon Cheese ® brand, as well as co-manufacture for third parties.

EnWave has introduced REV™ as a disruptive dehydration platform in the food and cannabis sectors: faster and cheaper than freeze drying, with better end product quality than air drying or spray drying. EnWave currently offers two distinct commercial REV™ platforms:

  1. nutraREV ® which is a drum-based system that dehydrates organic materials quickly and at low cost, while maintaining high levels of nutrition, taste, texture, and colour; and,
  2. quantaREV ® which is a tray-based system used for continuous, high-volume low-temperature drying.

EnWave is also active in the pharmaceutical industry through a joint development agreement with GEA Lyophil, a leader in GMP drying machinery.

More information about EnWave is available at enwave.net.

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Visionary Canadian Ag-Tech Company PIP International Launches Groundbreaking Technology

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