ADM to Expand Commercial Scale Production of CLARISOY Soy Protein
Date Posted: March 6, 2014
Vancouver, BC—Burcon NutraScience Corporation (TSX: BU, NASDAQ: BUR)a leader in functional, renewable plant proteins, is pleased to announce that it has received written notice from Archer Daniels Midland Company (“ADM”) that ADM intends to expand to full-commercial scale production of CLARISOY™ soy protein.
ADM’s intention to expand commercial production of CLARISOY™ ensures that its production capability meets the required obligations under the existing License & Production Agreement to retain its exclusive license for CLARISOY™.
To protect the parties’ competitive interests, Burcon and ADM have agreed to not disclose the planned production capacity of the expansion.
“ADM and Burcon have contributed considerable resources and valuable efforts to bring CLARISOY soy protein to the global food and beverage market.
"ADM’s notice of its intention to expand to full-commercial-scale production of CLARISOY marks a defining step for Burcon and for this revolutionary protein,” said Johann Tergesen, Burcon’s president and chief operating officer.
“We are delighted with the progress made by ADM since March 2011 in building a solid foundation for the future and continued growth of CLARISOY.”
ADM and Burcon first teamed to commercialize CLARISOY in 2010, and the first products reached the market in June 2012, winning numerous product-innovation awards.
The CLARISOY portfolio, marketed by ADM’s Foods & Wellness group, is based on a patented process developed by Burcon that offers a highly soluble and versatile protein ingredient that, due to its clean flavor profile, can be incorporated into a diverse range of productssuch as sports drinks, fruits and vegetable juices, or to replace dairy proteins.
For more information, call 888-408-7960.