DGAP-News: Burcon NutraScience Corp.: BURCON UPDATES ON PEAZAZZ(TM) PEA PROTEIN
(firmenpresse) - DGAP-News: Burcon NutraScience Corp. / Key word(s): Miscellaneous
Burcon NutraScience Corp.: BURCON UPDATES ON PEAZAZZ(TM) PEA PROTEIN
29.01.2013 / 19:33
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BURCON UPDATES ON PEAZAZZ(TM) PEA PROTEIN
FIRST COMMERCIAL PRODUCTION FACILITY UNDER CONSTRUCTION
Vancouver, British Columbia, January 29, 2013- Burcon NutraScience
Corporation (TSX - BU; NASDAQ - BUR) ('Burcon') reports today that it has
commenced building a Peazazz semi-works production facility: a first
commercial-scale plant to produce PeazazzTM, the world's premier pea
protein that offers exceptional usability and high-quality protein
nutrition. The transparent, pea protein is expected to be available for
customers looking to purchase commercial-scale market development
quantities beginning in July of this year.
Planning and engineering for this semi-works production plant began in the
summer of 2012. Equipment orders are now in-place and, subject to timely
delivery, Burcon projects to have the facility completed and operational by
mid-year.
'Since announcing Peazazz in November 2011, interest from potential
customers for a clean-tasting, transparent pea protein has been very
encouraging,' said Johann F. Tergesen, president and chief operating
officer, adding 'Creating a dedicated plant to produce our Peazazz product
will allow us to grow customer demand for this innovative protein.'
The Peazazz semi-works plant, which is being built in Winnipeg, Manitoba,
will enable Burcon to provide market development quantities (tonnage
amounts) to customers for product and market development activities. Burcon
has gained a great deal of experience in ramp up production over the last
two years, with a highly competent production team, headed by Burcon's
senior vice president process, Randy Willardsen.
Peazazz is created through a proprietary patent-pending process that
delivers a highly purified product with a greater than 90 percent protein
concentration on a moisture-free basis. The Peazazz protein extraction
technology produces a pea protein that has exceptional flavor
characteristics and is completely soluble and transparent in beverage
applications with a pH below 4.0.
Burcon intends to launch and demonstrate Peazazz at the 2013 IFT Annual
Meeting and Food Expo in Chicago in July.
In August 2012 Burcon announced the signing of a non-binding letter of
intent with an unnamed potential commercial partner with the intention of
commercializing Burcon's Peazazz with that partner. In that regard, Burcon
also announces today that it has formally requested to terminate that
letter of intent and to thereby terminate the requirement that Burcon
negotiate exclusively with that partner.
The economics of the plant protein industry continue to improve as a result
of steady increases in the pricing of mainstream animal protein
ingredients, dairy protein and egg protein, and this is a trend that is
expected to continue. The implied economic value of Burcon's pea protein
extraction technology is supported by the combination of an increasing
demand for protein ingredients and the simultaneous increase in price of
competing protein ingredients. Burcon is investigating multiple avenues
for commercializing Peazazz including alternatives ranging from licensing
the technology to an existing producer or through a joint venture or the
possibility of building a future full-scale production facility on its own.
'Opening up new options to commercialize this exciting protein while we
accelerate our production efforts is a smart strategy,' said Brad Allen,
Burcon's lead director, adding, 'Our first commercial Peazazz production
facility, expected to come online later this year, will allow us to explore
many more partnering opportunities while preserving the option of
commercializing this exciting protein on our own.'
PEAZAZZ(TM)
Peazazz(TM) is 100% soluble, transparent and heat stable in low pH
solutions. Peazazz(TM) has clean flavour characteristics and is 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 valuable
nutritional and functional characteristics make Peazazz(TM) an attractive
product for food and beverage producers looking for an alternative plant
protein ingredient.
Pea is a widely accepted and consumed vegetable, recognized for its
nutritional value and health benefits. Field peas (otherwise known as dry
peas) belong to the family of cool season legume crops commonly referred to
as pulses, which includes lentils, fababeans, kidney beans and chickpeas.
Canada is among the largest producers of field peas in the world along with
Europe and Asia with Canadian production now regularly exceeding two
million tonnes per year.
Food ingredient processors recognize the high protein content in peas and
have been extracting pea protein for almost 40 years. Today, a variety of
food products contain pea protein including: snacks and cereals; weight
management products; as well as gluten-free, vegetarian and vegan foods.
Not only are peas high in protein, fibre, starch, vitamins and minerals,
but they are also non-allergenic and are grown sustainably.
Peazazz(TM) 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.
Protein ingredients are valued by the food and beverage industry for two
fundamental properties: nutrition and function.
Nutritionally Peazazz(TM) is consistent with existing pea proteins which
are valued for their high digestibility and low potential for allergic
responses, Peazazz(TM) pea protein isolate is also from a non-GMO source.
Functionally Peazazz(TM) lends itself to numerous potential applications
due to its unique solubility and clean flavour profile.
Pea protein is widely accepted by food processors and consumers alike. The
quest for healthier lifestyles has led consumers to search for alternatives
to animal proteins. This factor - the pursuit of health and wellness in
food products - is expected to drive and sustain the market demand for
Peazazz(TM), which can be incorporated into a wide variety of beverage and
food products.
For more information about Peazazz, visit www.burcon.ca
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, which offers clarity and complete protein
nutrition for low pH beverage systems; Peazazz(TM) a uniquely soluble and
clean-tasting pea protein 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 217 issued patents
in various countries, including 36 issued U.S. patents, and in excess of
400 additional pending patent applications, 80 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.
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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:
Michael Kirwan, Director, Corporate Development
Burcon NutraScience Corporation
(604) 733-0896 / (888) 408-7960 toll-free
mkirwan(at)burcon.ca www.burcon.ca
End of Corporate News
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