VANCOUVER,
Oct. 20, 2011 /PRNewswire/ - Burcon
NutraScience Corporation (TSX:BU) (NASDAQ:BUR) ("Burcon" or the
"Company") is pleased to announce that its common shares have been
authorized to commence trading on The NASDAQ Global Market under
the symbol "BUR" on October 27,
2011.
To acknowledge this achievement, Burcon is
scheduled to ring The NASDAQ Opening Bell on October 27th, 2011. The NASDAQ
Opening Bell Ceremony will take place from 9:15 am to 9:30 am ET. A live webcast of The
NASDAQ Opening Bell Ceremony will be available at:
http://www.nasdaq.com/about/marketsitetowervideo.asx or
http://social.nasdaqomx.com
Burcon's common shares will continue to be listed
on the Toronto Stock Exchange under the symbol "BU".
Burcon is a world leader in the innovation and
development of highly functional sustainable plant protein
ingredients.
"Having our shares trade on NASDAQ is a natural
progression for our company," said Johann
F. Tergesen, president and COO of Burcon, adding "The NASDAQ
Stock Market is the de facto global market for innovation and
technology companies, making it ideally suited for Burcon which is
focused on innovation in the agri-food technology sector. It is
also a natural evolution for us as U.S.-based Archer Daniels
Midland Company has just recently launched our lead protein
product, CLARISOY™, in the
United States. The U.S. investment community recognizes
that food security and food technology are important investment
themes. Our NASDAQ listing will help us to raise awareness of
Burcon's timely opportunity in the vital food and agri-food
technology sectors and make our shares more accessible to U.S.
investors."
Burcon's business strategy is focused on developing
a sound patent portfolio that broadly protects our core protein
extraction and protein application inventions. In general, we
have sought to protect our processing technologies, the functional
applications of our novel plant proteins as they may be used in
food and beverage products, and also to protect the signature
characteristics of the proteins themselves.
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
isolate which is 100% soluble and completely transparent in low pH
solutions. Our team of highly specialized scientists and engineers
work from our private research facility to develop and optimize
environmentally sound technologies. To-date, our patent portfolio
consists of 173 issued patents in various countries, including 30
issued U.S. patents, and in excess of 300 additional pending patent
applications, 71 of which are U.S. patent applications.
CLARISOY™ is a trademark of
Archer-Daniels-Midland Company.
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, the
schedule for the commencement of trading on NASDAQ, 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 or reliance on our
development partner. 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.
SOURCE Burcon NutraScience Corporation