Burcon Enters License Agreement With ADM for CLARISOY(R) Protein Technology
By Burcon Nutrascience Corporation, PRNEThursday, March 3, 2011
VANCOUVER, British Columbia, March 4, 2011 - Burcon NutraScience Corporation (TSX - BU) announced today that
the company has entered into a license agreement with
Archer Daniels Midland Company ("ADM") for the worldwide production,
distribution and sale of Burcon's CLARISOY(R) soy protein. CLARISOY is a
unique soy protein product that is 100 percent soluble, transparent and very
low in viscosity in low pH (acidic) beverages. Use of CLARISOY allows for the
production of transparent, protein fortified beverages such as juices, soft
drinks and sport drinks in the low pH range.
The license agreement gives ADM exclusive rights across all geographic
regions and all potential product applications to produce, market and sell
CLARISOY soy protein.
"We are excited to bring CLARISOY to market," said Bruce T. Bennett,
general manager of Protein Specialties for ADM. "CLARISOY's potential in the
global protein ingredient industry will be well served through our license
agreement with Burcon. The versatility of CLARISOY complements our current
product portfolio and increases application opportunities for our customers."
"Burcon is thrilled to work with ADM in commercializing CLARISOY. ADM's
demonstrated excellence in the production and sale of food ingredients makes
the company the ideal partner to commercialize CLARISOY soy protein,"
commented Johann F. Tergesen, president and COO of Burcon.
ADM will make royalty payments to Burcon on the sales of CLARISOY under
the twenty-year license agreement. The maintenance of the CLARISOY soy
protein patent portfolio during the term of the license agreement will be the
responsibility of Burcon.
Today's announcement marks a watershed development for Burcon as the
commercialization of CLARISOY provides Burcon with its first earnings stream.
About CLARISOY(R)
CLARISOY(R) soy protein is 100 percent soluble and completely transparent
in low pH ("acidic") solutions. CLARISOY is also heat stable, allowing
thermal processing such as hot fill without any loss of clarity or notable
change in viscosity. In addition to its use in ready-to-drink beverages,
CLARISOY may also be used to fortify powdered beverages. CLARISOY may also
be used in a variety of food applications beyond beverages as a result of
its superior flavor profile.
About Burcon NutraScience
Burcon is a leader in nutrition, health and wellness in the field of
functional, renewable plant proteins. Since 1999, Burcon has developed a
portfolio of composition, application, and process patents originating from
our core protein extraction and purification technology. We are developing
Puratein(R) and Supertein(TM) canola protein isolates with unique functional
and nutritional attributes, and CLARISOY(R), a revolutionary soy protein
which is 100% soluble and completely transparent in acidic solutions. Our
team of highly specialized scientists and engineers work from our own
research facility to develop and optimize environmentally sound technologies.
To-date, our patent portfolio consists of 151 issued patents in various
countries, including 25 issued U.S. patents, and in excess of 250 additional
pending patent applications, 65 of which are U.S. patent applications.
ON BEHALF OF THE BOARD OF DIRECTORS
"Johann F. Tergesen"
Johann F. Tergesen
President and Chief Operating Officer
The TSX has not reviewed and does not accept responsibility for the
adequacy of the content of the information contained herein. This press
release contains forward-looking statements that involve risks and
uncertainties. These forward-looking statements relate to, among other
things, plans and timing for the introduction or enhancement of our products,
statements about future market conditions, supply and demand conditions, and
other expectations, intentions and plans contained in this press release that
are not historical fact. Our expectations regarding the prospect for future
success depend upon our ability to develop and sell products, which we do not
produce today and cannot be sold without further research and development.
When used in this press release, the words "goal", "intend", "believes" and
"potential" and similar expressions, generally identify forward-looking
statements. These statements reflect our current expectations. They are
subject to a number of risks and uncertainties. In light of the many risks
and uncertainties surrounding the development of a source of protein from
canola meal, you should understand that we cannot assure you that the forward
looking statements contained in this press release will be realized.
For further information: Jade Cheng, Chief Financial Officer Burcon NutraScience Corporation +1(604)733-0896 / +1(888)408-7960 toll-free jcheng@burcon.ca
www.burcon.ca
(BU.)
Jade Cheng, Chief Financial Officer, Burcon NutraScience Corporation, +1(604)733-0896 / +1(888)408-7960 toll-free, jcheng at burcon.ca
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