Mr. Johann Tergesen reports
CLARISOY(TM) FIRST COMMERCIAL SALES
Burcon NutraScience Corp. has been notified by Archer Daniels Midland Co. of the first commercial sale of Clarisoy soy protein produced by ADM.
Burcon's Clarisoy, which is under licence to ADM, is the world's only vegetable-based protein capable of offering both clarity and complete nutrition in low-pH beverage systems. Extremely heat stable, Clarisoy 100 requires no homogenization or stabilizers in low-pH beverages.
"Today's announcement of the first commercial sale of Clarisoy soy protein is a historic milestone for Burcon, and we are thrilled by the speed with which ADM has brought this exciting protein to market," said Johann Tergesen, president and chief operating officer. "Since licensing Burcon's Clarisoy technology in March, 2011, ADM has launched Clarisoy 100 at the 2011 IFT Expo; brought a first commercial production facility on-line in early 2012; launched Clarisoy 150, the first extension to the Clarisoy product line at the 2012 IFT Expo; and has now made its first commercial sale. We look forward to more commercial advancements for Clarisoy soy protein."
The Clarisoy advantage
Clarisoy soy proteins are the world's only line of transparent soy proteins. ADM's Clarisoy line includes a range of products for both low- and neutral-pH applications, allowing food and beverage companies to easily include up to 10 grams of Clarisoy per serving.
Clarisoy 100 is a premier vegetable-based protein that offers both clarity and complete protein nutrition for beverages with a pH of less than four.
Clarisoy 150 is a revolutionary soy protein for neutral-pH beverages and low-pH beverages with cloud systems. The clean flavour and smooth mouth feel makes Clarisoy a formulator's ideal protein ingredient.
In March, 2011, Burcon entered into a licence and production agreement with ADM for the worldwide production, distribution and sale of Burcon's Clarisoy soy protein. The licence agreement gives ADM exclusive rights across all geographic regions and all potential product applications to produce, market and sell Clarisoy soy protein. ADM will make royalty payments to Burcon on the sales of Clarisoy under the licence agreement.
Burcon expects to release its third-quarter financial results for the three-month period ending Dec. 31, 2012, on or about Feb. 14, 2013, following the close of markets. Management will host a conference call coinciding with the release of those results, and will review the financial results and also provide additional comments and discussion on Clarisoy sales at that time.
We seek Safe Harbor.