Burcon Updates on Peazazz® and Multiple Patent Grants
May 09 2017 - 8:00AM
Burcon NutraScience Corporation (TSX:BU) (NASDAQ:BUR) (“Burcon”) is
pleased to announce today that it has been granted a U.S. patent,
covering technology for the production of its Peazazz® pea protein:
U.S. patent no. 9,635,875, was granted on May 2, 2017.
This patent is the first to be granted for Burcon’s pea technology
by the United States Patent and Trademark Office and confirms that
the Company’s approach is unique, distinct and defensible.
Burcon anticipates further positive progress, with its patent
filings, in due course. Burcon also announces today that it
has been granted two more U.S. patents covering technologies for
the production of CLARISOY™, and it has also received two notices
of allowance from the United States Patent and Trademark Office for
two more patents for the production of CLARISOY™ soy protein.
A notice of allowance from the United States Patent and
Trademark Office is a written notification that a patent
application has cleared internal review, is pending issuance and
will grant in the near future. CLARISOY™ soy protein patents:
U.S. patent no. 9,629,381 was granted April 25, 2017; and U.S.
patent no. 9,603,377 was granted on March 28, 2017; and U.S. patent
application 15/094386 was allowed on March 14, 2017, and U.S.
patent application 14/117384 was allowed on March 29, 2017.The five
U.S. patent grants and allowances, as announced above, bring the
company’s patent portfolio to over 215 issued patents in various
countries, including 65 in the U.S., as well as over 350 active
patent applications, including 47 additional U.S. patent
applications.Also, during the first part of 2017, Burcon continued
its efforts toward commercializing its other unique plant protein
extraction technologies. Burcon has focused in particular on
working with a select group of potential partners in the
commercialization process for our Peazazz® pea protein. The
team at the Winnipeg Technical Centre continues to support these
ongoing discussions with: due diligence visits; applications work;
and sample production. The potential partners’ activities have
included undertaking applications work, detailed market analyses
and the investigation of production logistics."The interest in, and
need for, alternative plant protein ingredients continue to be a
major trend within the food, beverage and nutritional products
industries," said Johann Tergesen, Burcon’s president and chief
operating officer, adding, “We are thrilled to see Burcon’s novel
plant proteins progressing toward full commercialization and are
confident of our ability to profit from this major 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.
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 the 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 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:
Paul Lam
Manager, Business Development
Burcon NutraScience Corporation
Tel (604) 733-0896, Toll-free (888) 408-7960
plam@burcon.ca
www.burcon.ca
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