DGAP-News: Burcon NutraScience Corp.: BURCON UPDATES ON PEAZAZZ(TM)
(firmenpresse) - DGAP-News: Burcon NutraScience Corp. / Key word(s): Miscellaneous
Burcon NutraScience Corp.: BURCON UPDATES ON PEAZAZZ(TM)
24.02.2012 / 10:39
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BURCON UPDATES ON PEAZAZZ(TM)
Vancouver, British Columbia, February 23, 2012- Burcon NutraScience
Corporation (TSX - BU; NASDAQ - BUR) ('Burcon') is pleased to provide an
update of our Peazazz(TM) pea protein.
As reported in Burcon's November 15, 2011 news release, Burcon is in
discussions with a potential partner for the commercialization of its
Peazazz(TM) pea protein. Those discussions have now progressed to an
advanced stage with Burcon agreeing to a period of exclusivity while the
two parties continue their due diligence investigations and negotiations
with the goal of forming an alliance, although no assurance can be made
that an agreement will be reached.
Like soy, pea protein is an existing global industry with market acceptance
by both consumers and food processors of pea protein in general.
Similarly, pea protein enjoys global regulatory approval for its use in
food and nutritional products. Burcon anticipates that the existing pea
protein industry and the established regulatory approval will facilitate
the process of bringing Peazazz(TM) to market.
'The growing demand for alternative nutritious and functional plant
proteins sets the stage for our Peazazz(TM) pea protein,' said Johann F.
Tergesen, President and Chief Operating Officer, adding, 'We are pleased
with the market interest that our Peazazz(TM) has generated and we are now
making Peazazz(TM) a top commercialization priority.'
Peazazz(TM) is 100% soluble, transparent and heat-stable in low pH
solutions. Peazazz(TM) has clean flavour characteristics and should be
well suited for use in low pH beverages, as well as a variety of other
healthy and great tasting food and beverage product applications. Its
nutritional and functional characteristics should make Peazazz(TM) an
attractive ingredient to companies looking for an alternative plant protein
ingredient.
Pea is a widely accepted and consumed vegetable, recognized for its
nutritional value and health benefits. Burcon's Peazazz pea protein can
easily be incorporated into a variety of foods and beverages including low
pH fruit juices and juice blends, sport nutrition drinks, powdered
beverages, fortified waters, bars, baked goods and vegetarian and vegan
foods.
Burcon's Peazazz(TM) pea protein isolate is non-allergenic and can be
produced from a non-GMO source.
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 have developed
CLARISOY(TM) soy protein, the only vegetable-based protein that offers
clarity and complete protein nutrition for low pH beverage systems;
Peazazz(TM) a uniquely soluble and clean-tasting pea protein isolate and
Puratein(R), Supertein(TM) and Nutratein(TM) canola protein isolates with
unique functional and nutritional attributes. 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 179 issued patents in various
countries, including 31 issued U.S. patents, and in excess of 350
additional pending patent applications, 68 of which are U.S. patent
applications.
CLARISOY(TM) is under license from Archer Daniels Midland Company.
CLARISOY(TM) 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, 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 more information, please contact:
Jade Cheng, Chief Financial Officer
Burcon NutraScience Corporation
(604) 733-0896 / (888) 408-7960 toll-free
jcheng(at)burcon.ca www.burcon.ca
End of Corporate News
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157961 24.02.2012
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