Mr. Johann Tergesen reports
BURCON UPDATES ON PEAZAZZ AND MULTIPLE PATENT GRANTS
Burcon NutraScience Corp. has been granted a U.S. patent covering technology for the production of its Peazazz pea protein: U.S. patent No. 9,635,875, was granted on May 2, 2017. This patent is the first to be granted for Burcon's pea technology by the United States Patent and Trademark Office and confirms that the company's approach is unique, distinct and defensible. Burcon anticipates further positive progress, with its patent filings, in due course.
Burcon also announces today that it has been granted two more U.S. patents covering technologies for the production of Clarisoy, and it has also received two notices of allowance from the United States Patent and Trademark Office for two more patents for the production of Clarisoy soy protein. A notice of allowance from the United States Patent and Trademark Office is a written notification that a patent application has cleared internal review, is pending issuance and will grant in the near future. Clarisoy soy protein U.S. patent No. 9,629,381 was granted on April 25, 2017, and U.S. patent No. 9,603,377 was granted on March 28, 2017; U.S. patent application 15/094386 was allowed on March 14, 2017, and U.S. patent application 14/117384 was allowed on March 29, 2017.
The five U.S. patent grants and allowances, as announced above, bring the company's patent portfolio to over 215 issued patents in various countries, including 65 in the U.S., as well as over 350 active patent applications, including 47 additional U.S. patent applications.
Also, during the first part of 2017, Burcon continued its efforts toward commercializing its other unique plant protein extraction technologies. Burcon has focused in particular on working with a select group of potential partners in the commercialization process for its Peazazz pea protein. The team at the Winnipeg technical centre continues to support these continuing discussions with due diligence visits, applications work and sample production. The potential partners' activities have included undertaking applications work, detailed market analyses and the investigation of production logistics.
"The interest in and need for alternative plant protein ingredients continue to be a major trend within the food, beverage and nutritional products industries," said Johann Tergesen, Burcon's president and chief operating officer. He added, "We are thrilled to see Burcon's novel plant proteins progressing toward full commercialization and are confident of our ability to profit from this major trend."
About Burcon NutraScience Corp.
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 flavour 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.
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