First Large-Scale CLARISOY™ Production Facility Scheduled to be Commissioned in Fourth Quarter
September 06 2016 - 8:38AM
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,
has confirmed plans to achieve full commercial production of
CLARISOY this year. ADM plans to begin commissioning the first
large-scale CLARISOY production facility at its North American
headquarters in Decatur, Illinois, during the fourth quarter of
2016.
“This is a truly significant milestone in the
commercialization of CLARISOY,” said Johann Tergesen, Burcon’s
president and chief operating officer, adding, “ADM is committing
considerable resources to commercializing CLARISOY and is the ideal
partner for such innovative proteins. ADM’s line of CLARISOY
soy proteins is truly on-trend to meet the demand by consumers for
great-tasting, nutritionally enhanced products targeted to the ever
growing number of health and wellness-minded consumers.”
About ADM
For more than a century, the people of Archer
Daniels Midland Company (NYSE:ADM) have transformed crops into
products that serve the vital needs of a growing world. Today,
we’re one of the world’s largest agricultural processors and food
ingredient providers, with more than 32,300 employees serving
customers in more than 160 countries. With a global value chain
that includes 428 crop procurement locations, 280 ingredient
manufacturing facilities, 39 innovation centers and the world’s
premier crop transportation network, we connect the harvest to the
home, making products for food, animal feed, industrial and energy
uses.
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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