DGAP-News: Burcon NutraScience Corp.: BURCON ENTERS LICENSE AGREEMENT WITH ADM FOR CLARISOY(R) PROTEIN TECHNOLOGY
(firmenpresse) - DGAP-News: Burcon NutraScience Corp. / Key word(s): Miscellaneous
Burcon NutraScience Corp.: BURCON ENTERS LICENSE AGREEMENT WITH ADM
FOR CLARISOY(R) PROTEIN TECHNOLOGY
07.03.2011 / 07:14
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BURCON ENTERS LICENSE AGREEMENT WITH ADM FOR CLARISOY(R) PROTEIN TECHNOLOGY
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 issuedpatents 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 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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07.03.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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114555 07.03.2011
Datum: 07.03.2011 - 07:14 Uhr
Sprache: Deutsch
News-ID 33390
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