BURCON ENTERS LICENSE AGREEMENT WITH ADM FOR CLARISOY® PROTEIN TECHNOLOGY
04 Mars 2011 - 9:43PM
PR Newswire (Canada)
VANCOUVER, March 4 /CNW/ -- VANCOUVER, March 4 /CNW/ - 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(®) 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(®) CLARISOY(®) 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® and Supertein™ canola protein isolates with
unique functional and nutritional attributes, and CLARISOY(®), 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. To view this news release in HTML formatting,
please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/04/c8237.html
p align="center"Jade Cheng, Chief Financial Officerbr/ Burcon
NutraScience Corporationbr/ (604) 733-0896 / (888) 408-7960
toll-freebr/ a href="mailto:jcheng@burcon.ca"jcheng@burcon.ca/a a
href="http://www.burcon.ca"www.burcon.ca/a/p
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