VANCOUVER, B.C. — Burcon NutraScience Corporation (TSX:BU) (Nasdaq:BUR), a leader in functional, renewable plant proteins, has signed material transfer agreements (MTAs) with a variety of parties interested in Peazazz(R), the company’s revolutionary protein derived from field peas. The list includes major food and beverage makers, suppliers, and potential industry production and sales partners.
These signings have come in advance of the opening of the company’s Peazazz pea protein semi-works plant, which is expected to come online this summer.
“Constructing and operating a semi-works production plant using commercial-scale equipment is a key step toward the full-scale roll out of Peazazz,” said Johann F. Tergesen, Burcon’s president and COO.
“Given our current limited supply of Peazazz, we have signed MTAs with only major food and beverage makers, and those who could be helpful to our product development and commercialization efforts.”
“We expect to be able to address additional Peazazz requests we have received once our semi-works plant is up and running,” added Tergesen.
“Once this occurs, we believe this will be a watershed event for Peazazz, and helps to validate our other patented and proprietary processes that can produce exceptionally versatile proteins from a variety of edible oilseeds, grains or legumes.”
Peazazz’s uniquely clean flavor characteristics, exceptional solubility and nutritional value make it ideal for use in both low pH beverages and neutral pH beverages, as well as in a variety of other food and beverage products. Ideal applications for Peazazz include sports nutrition beverages, citrus-based drinks, fruit-flavored beverages, fruit juice blends, fortified waters, dairy alternative products and powdered beverage mixes. Peazazz can also fortify snacks, cereals and diet products, as well as gluten-free, vegetarian and vegan food products.
Compared to other plant-based proteins, pea proteins are also hypoallergenic and more environmentally sustainable. Pea plants have a unique ability to draw in nitrogen from the atmosphere and store it in their roots. This allows producers to use less fertilizer when replenishing the soil, making pea a desired and truly sustainable crop.
The company is exploring a number of options for commercializing Peazazz, including building full-scale production facilities through a variety of partnership structures.
Peazazz will be featured at the Institute of Food Technologists Annual Meeting and Food Expo being held in Chicago, Illinois on July 13-16, 2013. At the company’s booth #2984, Burcon will be offering taste tests of two beverages that demonstrate Peazazz’s special qualities and versatility.
About Peazazz Pea Protein
Peazazz is 100% soluble, transparent and heat stable in low pH solutions. Peazazz has clean flavor characteristics and is well suited for use in low pH and neutral pH beverages as well as a variety of other healthy and great tasting food and beverage product applications. Its valuable nutritional and functional characteristics make Peazazz an attractive ingredient for food and beverage companies looking to improve their formulations.
About Burcon NutraScience Corporation
Burcon NutraScience is a leader in nutrition, health and wellness in the field of functional plant 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(TM) soy protein offers clarity and high-quality protein nutrition for low pH beverage systems; Peazazz(R) is a uniquely soluble and clean-tasting pea protein; and Puratein(R), Supertein(TM) and Nutratein(R) are canola protein isolates with unique functional and nutritional attributes.
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