Vancouver, British Columbia, March 4, 2009 – Burcon NutraScience Corporation (“Burcon”) (TSX-V: BU) announces that it has entered into material transfer agreements (“MTAs”) and non-disclosure agreements (“NDAs”) with a number of globally recognized food, beverage and nutritional product companies for the evaluation of Burcon’s innovative soy protein isolate, CLARISOY™.
“We are delighted with the tremendous response from major beverage, food and nutritional product companies sampling and evaluating CLARISOY™,” stated Johann F. Tergesen, Burcon’s President & COO, who added, “We look forward to working with these potential partners in creating opportunities and applications for CLARISOY™.”
CLARISOY™ is 100% soluble and completely transparent in acidic solutions, enabling applications in ready to drink beverages ranging down to pH 2.5 and lower. The solubility and transparency of CLARISOY™ allows for its use in a wide variety of beverages where traditional soy isolates are not appropriate. CLARISOY™ is heat stable, permitting hot-fill applications and eliminates the traditional ‘beanie’ taste of soy, giving beverages a cleaner flavor. As such, Burcon’s CLARISOY™ shows great promise for use in a variety of beverage and food applications including nutritional, sports and energy drinks, juices and waters.
CLARISOY™ is expected to be price competitive with existing proteins and should be of particular interest to food and beverage manufacturers seeking an alternative to high dairy protein prices.
In a news release dated November 6, 2008, Burcon announced the appointment of BMO Capital Markets as its exclusive financial advisor to assist Burcon with a process to identify and pursue alternatives for the commercialization of its innovative protein extraction technologies, including its recently announced CLARISOY™ soy protein isolate technology. Today”s announcement regarding the execution of MTA”s and NDA’s and the associated sampling of Burcon”s CLARISOY™ by major end users is an integral part of that ongoing process.
About Burcon NutraScience
Burcon is a leader in nutrition, health and wellness from functional, renewable plant proteins. Since 1999, Burcon has developed a portfolio of composition, application, and process patents originating from our core protein extraction and purification technology. We are developing the world”s first commercial canola proteins, Puratein and Supertein, with unique functional and nutritional attributes, and CLARISOY, a revolutionary soy protein isolate which is 100% soluble and completely transparent in acidic solutions. Our team of highly specialized scientists and engineers work from our own research facility to develop and optimize environmentally sound technologies. To-date, our patent portfolio consists of 72 issued patents worldwide, including 8 issued U.S. patents, and well in excess of 200 additional pending patent applications, 51 of which are U.S. patent applications.