First Large-Scale CLARISOY™ Production Facility Fully Commissioned
November 08 2016 - 11:24AM
Burcon NutraScience Corporation (TSX:BU) (NASDAQ:BUR) (“Burcon”)
announced today that Archer Daniels Midland Company (NYSE:ADM),
Burcon’s license and production partner for CLARISOY™ soy protein,
notified Burcon that ADM has successfully commissioned the first
large-scale CLARISOY™ production facility.
The CLARISOY™ soy protein technology was
developed by Burcon and licensed, exclusively, to ADM to
manufacture, market and sell CLARISOY™ soy proteins.
Unique to any other proteins on the market,
ADM’s CLARISOY™ line of soy proteins are the only vegetable-based
proteins that offer exceptionally high solubility, clean flavor and
complete protein nutrition for low pH and neutral pH beverage
systems. This product line is well-positioned to help beverage
manufacturers meet the ever-growing demand of health and
wellness-minded consumers for great-tasting, nutritionally enhanced
beverages with natural ingredients and clean labels.
CLARISOY™ can be used to increase nutritional
content in a variety of applications, from coffee creamers,
smoothies and powdered beverage mixes, to yogurts and frozen
desserts. For example, CLARISOY™150 serves as an ideal
replacement for sodium caseinate, a protein found in milk, in
coffee creamers and whiteners, creating substantial cost savings as
well as providing vegan alternatives for product developers.
CLARISOY™ 170 and 180 are specifically designed for neutral pH
products, such as meal replacement beverages, yogurts and ice
creams, and can increase the protein percentage to levels that were
previously unachievable using soy protein while at the same time
reducing costs and allowing for vegan and lactose-free
labels.
”Today’s announcement marks the culmination of
years of effort," said Johann Tergesen, Burcon’s president and
chief operating officer, adding, “developing and launching such an
innovative and timely line of plant-based proteins, as ADM is doing
with CLARISOY™, has required commitment and dedication from both of
our teams. Burcon could not have chosen a better partner than
ADM to enhance the value of our CLARISOY™ soy protein technology
and bring CLARISOY™ to wellness-minded consumers around the
globe.”
About Burcon NutraScience Corporation
Burcon NutraScience is a leader in developing
functionally and nutritionally valuable plant-based proteins. The
company has developed a portfolio of composition, application, and
process patents originating from a core protein extraction and
purification technology. Burcon’s CLARISOY™ soy protein
offers clarity and high-quality protein nutrition for low pH
beverage systems and excellent solubility and exceptionally clean
flavor at any pH; Peazazz® is a uniquely soluble and clean-tasting
pea protein; and Puratein®, Supertein® and Nutratein® are canola
protein isolates with unique functional and nutritional attributes.
For more information about the company, visit www.burcon.ca.
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 or forward-looking information within the meaning of the
U.S. Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities legislation. Forward-looking
statements or forward-looking information involve risks,
uncertainties and other factors that could cause actual results,
performances, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward- looking statements or forward-looking information can be
identified by words such as “anticipate,” “intend,” “plan,” “goal,”
“project,” “estimate,” “expect,” “believe”, “future,” “likely,”
“may,” “should,” “could”, “will” and similar references to future
periods. All statements other than statements of historical fact
included in this release are forward-looking statements, including,
without limitation, intentions and plans contained in this press
release. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ
materially from those anticipated in such statements or
information. Important factors that could cause actual results to
differ materially from Burcon’s plans and expectations include the
actual results of business negotiations, marketing activities,
adverse general economic, market or business conditions, regulatory
changes and other risks and factors detailed herein and from time
to time in the filings made by Burcon with securities regulators
and stock exchanges, including in the section entitled “Risk
Factors” in Burcon’s annual information form dated June 27, 2016
filed with the Canadian securities administrators on www.sedar.com
and contained in Burcon’s 20-F filed with the U.S. Securities and
Exchange Commission on www.sec.gov. Any forward-looking statement
or information only speaks as of the date on which it was made and,
except as may be required by applicable securities laws, Burcon
disclaims any intent or obligation to update any forward-looking
statement, whether as a result of new information, future events or
otherwise. Although Burcon believes that the assumptions inherent
in the forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance, and
accordingly, investors should not rely on such statements.
CLARISOY is a trademark of Archer Daniels Midland Company.
Media & Industry Contact:
Michael Kirwan
Director, Corporate Development Burcon NutraScience Corporation
Tel (604) 733-0896, Toll-free (888) 408-7960
mkirwan@burcon.ca
www.burcon.ca
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