Burcon Updates on CLARISOY™ Commercialization Progress
December 17 2015 - 2:09PM
Burcon NutraScience Corporation (TSX:BU) (NASDAQ:BUR), a leader in
functional, renewable plant-based proteins, is providing an update
on the commercialization progress for CLARISOY™ soy protein.
Burcon expects ADM’s first full-commercial-scale CLARISOY™
production facility to be operational by mid-2016.
The demand for high-quality, plant-based protein ingredients
continues to grow, and CLARISOY™ is an ideal answer to numerous
on-trend consumer product applications. ADM is promoting CLARISOY™
soy protein as a clean-tasting, renewable plant-based protein
ingredient that offers supply and price stability. ADM marketed
CLARISOY™ at major global food ingredient industry trade shows
during 2015, highlighting CLARISOY™ in a wide variety of
applications as a replacement or partial replacement for more
expensive dairy proteins.
For example, at the 2015 International Food Technologists Annual
Meeting & Food Expo in Chicago, ADM sampled a high protein
smoothie product which included 17 grams of protein per 8 ounce
serving, where the primary protein source was CLARISOY™. At the
same show, ADM demonstrated a 100% dairy-free vegan rich vanilla
soft serve where CLARISOY™ was the sole protein source. For
customers seeking a convenient, delicious and nutritious beverage,
ADM showcased a dairy-free cold brew coffee that featured CLARISOY™
containing, non-dairy creamer, adding 5 grams of soy protein to the
beverage.
These applications demonstrate how CLARISOY™ is well-suited for
adding protein, nutrition and functionality to everyday products,
and how it excels particularly in beverage applications due to its
clean favor and smooth mouthfeel. These applications can help
meet consumer demand for good-tasting, convenient products
featuring plant-based protein and also provide solutions for
customers looking to replace dairy protein for products that appeal
to consumers who choose a vegan or other healthy lifestyles.
ADM’s focus on dairy replacement using CLARISOY™ not only
provides a price-stable and sustainable ingredient for food and
beverage manufacturers, but also addresses the large consumer base
that is lactose intolerant or sensitive to dairy products.
“We are excited to see ADM’s commercialization activities
bearing fruit and believe we are well-positioned for the coming
year as CLARISOY™ nears full-commercial-scale production,” said
Johann Tergesen, Burcon’s president and chief operating officer.
“ADM has made significant progress in bringing CLARISOY™ to diverse
markets and in particular, the dairy alternative market, and they
are continuing to market potential applications to customers in
both the U.S. and international markets.”
Burcon is also making progress on its second major protein
technology – Peazazz® pea protein – and is in discussions with
potential commercialization partners. Potential partnership
structures being considered range from production partnership
structures to licensing structures. Burcon’ Peazazz® pea
protein is a uniquely soluble and clean-tasting pea protein that is
also hypoallergenic and from a non-GMO source. Peazazz® is
able to add nutritional and functional benefits to a product
without the earthy, vegetable flavor commonly associated with the
existing pea proteins on the market.
CLARISOY™ soy protein and Peazazz® pea protein are both unique
and novel protein ingredients that offer solubility and a
clean-tasting profile for ease of formulation. Burcon
believes that its protein products such as CLARISOY™ and Peazazz®
are timely and fit perfectly with the current health and wellness
trend.
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.
ON BEHALF OF THE BOARD OF DIRECTORS“Johann F. Tergesen” Johann
F. TergesenPresident 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 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, statements regarding plans and timing for the
introduction or enhancement of our products, statements about the
type of business structure with potential strategic partners,
statements about future market conditions, supply and demand
conditions, and other expectations, 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 23, 2015 filed with the Canadian securities administrators on
www.sedar.com and contained in Burcon’s 40-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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