Put this in your pipe and smoke it!BURCON ENTERS LICENSE AGREEMENT WITH ADM FOR CLARISOY® PROTEIN TECHNOLOGY
VANCOUVER, March 4 /CNW/ - Burcon NutraScience Corporation (TSX - BU)announced today that the company has entered into a license agreementwith Archer Daniels Midland Company ("ADM") for the worldwideproduction, distribution and sale of Burcon's CLARISOY® soy protein. CLARISOY is a unique soy protein product that is 100percent soluble, transparent and very low in viscosity in low pH(acidic) beverages. Use of CLARISOY allows for the production oftransparent, protein fortified beverages such as juices, soft drinksand sport drinks in the low pH range.
The license agreement gives ADM exclusive rights across all geographicregions and all potential product applications to produce, market andsell CLARISOY soy protein.
"We are excited to bring CLARISOY to market," said Bruce T. Bennett,general manager of Protein Specialties for ADM. "CLARISOY's potentialin the global protein ingredient industry will be well served throughour license agreement with Burcon. The versatility of CLARISOYcomplements our current product portfolio and increases applicationopportunities for our customers."
"Burcon is thrilled to work with ADM in commercializing CLARISOY. ADM'sdemonstrated excellence in the production and sale of food ingredientsmakes the company the ideal partner to commercialize CLARISOY soyprotein," commented Johann F. Tergesen, president and COO ofBurcon.
ADM will make royalty payments to Burcon on the sales of CLARISOY underthe twenty-year license agreement. The maintenance of the CLARISOY soyprotein patent portfolio during the term of the license agreement willbe the responsibility of Burcon.
Today's announcement marks a watershed development for Burcon as thecommercialization of CLARISOY provides Burcon with its first earningsstream.
About CLARISOY®
CLARISOY® soy protein is 100 percent soluble and completely transparent in low pH("acidic") solutions. CLARISOY is also heat stable, allowing thermalprocessing such as hot fill without any loss of clarity or notablechange in viscosity. In addition to its use in ready-to-drinkbeverages, CLARISOY may also be used to fortify powdered beverages.CLARISOY may also be used in a variety of food applications beyondbeverages as a result of its superior flavor profile.
About Burcon NutraScience
Burcon is a leader in nutrition, health and wellness in the field offunctional, renewable plant proteins. Since 1999, Burcon has developeda portfolio of composition, application, and process patentsoriginating from our core protein extraction and purificationtechnology. We are developing Puratein® and Supertein™ canola proteinisolates with unique functional and nutritional attributes, andCLARISOY®, a revolutionary soy protein which is 100% soluble and completelytransparent in acidic solutions. Our team of highly specializedscientists and engineers work from our own research facility to developand optimize environmentally sound technologies. To-date, our patentportfolio consists of 151 issued patents in various countries,including 25 issued U.S. patents, and in excess of 250 additionalpending patent applications, 65 of which are U.S. patent applications.
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ON BEHALF OF THE BOARD OF DIRECTORS
"Johann F. Tergesen"
Johann F. Tergesen
President and Chief Operating Officer