Wednesday, March 12, 2014

Burcon Nutrascience Corporation - BU.t

Burcon Nutrascience Corporation - BU.t business is the development of novel plant protein ingredients which possess valuable functional and nutritional attributes.

The company is a pioneer in the development of novel vegetable-based protein ingredients.

On March 6, 2014 the company reported NEWS

"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.”