02:15:13 EDT Mon 06 May 2024
Enter Symbol
or Name
USA
CA



Burcon NutraScience Corp
Symbol BU
Shares Issued 121,731,530
Close 2024-01-17 C$ 0.20
Market Cap C$ 24,346,306
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Burcon acquires new protein technology patents

2024-01-17 12:29 ET - News Release

Mr. Kip Underwood reports

BURCON ADDS PATENTS, OPTIMIZES PATENT PORTFOLIO TO DRIVE INNOVATION AND EFFICIENCY

Burcon NutraScience Corp. has strategically bolstered its patent portfolio with new protein technologies. In addition, through optimization of its intellectual property portfolio, patent expenses have reduced by 62 per cent over the past 12 months, as compared with a year ago. This development reflects the company's commitment to diligent cash management and a focus on commercializing its next generation of plant-based protein technologies.

As part of this strategic initiative, Burcon continues to add patents for its new-to-the-world protein technologies, while simultaneously eliminating patents that have limited commercial value. By streamlining the patent portfolio, Burcon is positioning itself for increased innovation, agility and competitive advantage in the fast-growing plant-based protein industry.

"We are dedicated to staying at the forefront of protein processing technologies and ensuring that our intellectual property aligns with our Burcon 2.0 strategic goals," said Kip Underwood, Burcon's chief executive officer. "This patent optimization effort reflects our commitment to efficiency, innovation and value creation for our shareholders."

Burcon is actively expanding its portfolio for its hemp and sunflower technologies, recognizing their growing significance in the plant-based protein market. Based on market data and internal estimates, there is a multibillion-dollar addressable market for high-purity hempseed and sunflower proteins, with a potential commercial opportunity that could exceed $500-million for Burcon. Concurrent with commercial plans, the company continues to bolster its portfolio of novel ingredients and protect its new inventions by filing additional patent applications.

About Burcon NutraScience Corp.

Burcon is a global technology leader in the development of plant-based proteins for foods and beverages. The company's proteins exhibit superior functionality, taste and nutrition, making them ideal ingredients for food formulators. With over two decades of experience, Burcon has amassed an extensive patent portfolio covering its specialty plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. Burcon is striving to become a vertically integrated provider of specialty plant-based protein solutions that deliver on health, nutrition and sustainability. Supporting the growing trend toward a plant-based diet, Burcon is developing premium protein ingredients that the company believes are better for you and better for the planet.

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