Burcon Achieves First Commercial Run of Canola Protein Isolate

Rhea-AI Summary

Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) has successfully completed its first commercial production of high-purity canola protein isolate at a partner manufacturer's facility. This achievement marks a significant milestone in the commercialization of Burcon's canola protein technology. The company has launched its Puratein® C canola protein isolate, which offers exceptional taste, nutrition, and functionality for food and beverage applications.

Key features of Puratein® C include:

• Over 90% protein purity
• Nutritionally complete amino acid profile
• Protein digestibility amino acid score (PDCAAS) of 1
• Neutral flavor
• High solubility across a broad pH range
• Superior foaming properties

Burcon plans to optimize its canola process, ramp up production, and fulfill customer orders in the coming months. The company has accelerated its launch and production timeline by six months due to significant customer interest.

Positive

• Successful completion of first commercial production of canola protein isolate
• Launch of Puratein® C canola protein isolate with superior nutritional and functional properties
• Accelerated production timeline by six months due to high customer interest
• Implementation of capital-light strategy for commercialization

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - July 29, 2024) - Burcon NutraScience Corporation (TSX: BU) (OTCQB: BRCNF) ("Burcon" or the "Company"), a global technology leader in the development of plant-based proteins for foods and beverages, is pleased to announce the successful completion of its first end-to-end validation trial for producing high-purity, nutritionally complete canola protein isolate at its partner manufacturer's facility.

Burcon has achieved a significant milestone in the commercialization of its canola protein technology. Executing its capital-light strategy, the Company successfully launched and commercially produced its best-in-class canola protein to meet the growing demand for this unique ingredient. Burcon expects to optimize its canola process, ramp up production and fulfill customer orders in the coming months.

"Due to significant customer interest in our canola protein, we decided to move up our launch and production timeline by six months," said Kip Underwood, Burcon's chief executive officer. "This one-of-a-kind protein ingredient offers functional and nutritional properties that can enhance food formulations. We are excited to bring our canola protein to market and look forward to collaborating with prospective customers."

Burcon's Puratein® C canola protein isolate delivers an exceptional combination of taste, nutrition and functionality for food and beverage applications. Extracted from non-GMO, Canadian-grown canola seeds, it boasts a nutritionally complete amino acid profile, containing all nine essential amino acids and a protein digestibility amino acid score (PDCAAS) of 1. With over 90% protein purity, a neutral flavor, high solubility across a broad pH range, superior foaming, and exceptional functionality, this protein isolate is a game-changer.

Learn more about our latest high-purity canola protein isolate at Burcon's website here. Prospective customers seeking product samples and information are encouraged to contact us at sales@burcon.ca.

About Burcon NutraScience Corporation

Burcon is a global technology leader in the development of plant-based proteins for foods and beverages. Our 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 novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources. Burcon is committed to delivering next-generation, best-in-class protein solutions, positioning itself as a key player in the rapidly expanding plant-based market. Supporting the growing trend towards a plant-based diet, Burcon offers sustainable protein ingredients that we believe are better for you and better for the planet. For more information, visit www.burcon.ca.

Forward-Looking Information Cautionary Statement
The TSX has not reviewed and does not accept responsibility for the adequacy of the content of the information contained herein. This press release contains forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-Looking statements or forward-looking information involve risks, uncertainties and other factors that could cause actual results, performances, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-Looking statements or forward-looking information can be identified by words such as "anticipate," "aim", "intend," "plan," "goal," "project," "estimate," "expect," "believe," "future," "likely," "may," "should," "could," "will" and similar references to future periods. All statements included in this release, other than statements of historical fact, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements or information. Important factors that could cause actual results to differ materially from Burcon's plans and expectations include the implementation of our business model and growth strategies; trends and competition in our industry our future business development, financial condition and results of operations and our ability to obtain financing cost-effectively; potential changes of government regulations; and other risks and factors detailed herein and from time to time in the filings made by Burcon with securities regulators and stock exchanges, including in the section entitled "Risk Factors" in Burcon's annual information form for the year ended March 31, 2024 and its other public filings with Canadian securities regulators on SEDAR+ at www.sedarplus.ca. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. Any forward-looking statement or information speaks only as of the date on which it was made, and, except as may be required by applicable securities laws, Burcon disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Although Burcon believes the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and, accordingly, investors should not rely on such statements.

Industry and Investor Contact
Paul Lam
Director, Investor Relations and Communications
Burcon NutraScience Corporation
Tel (604) 733-0896, Toll-free (888) 408-7960
plam@burcon.ca www.burcon.ca

Media Contact:
Steve Campbell, APR
President
Campbell & Company Public Relations
Tel (604) 888-5267
TECH@CCOM-PR.COM

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218083

FAQ

What is the significance of Burcon's first commercial run of canola protein isolate?

Burcon's first commercial run of canola protein isolate marks a significant milestone in the commercialization of its canola protein technology. It demonstrates the company's ability to produce high-purity, nutritionally complete canola protein at a commercial scale, meeting growing market demand for this unique ingredient.

What are the key features of Burcon's Puratein® C canola protein isolate?

Burcon's Puratein® C canola protein isolate offers over 90% protein purity, a complete amino acid profile, a PDCAAS score of 1, neutral flavor, high solubility across a broad pH range, and superior foaming properties. It is extracted from non-GMO, Canadian-grown canola seeds and is suitable for various food and beverage applications.

How has Burcon (BRCNF) adjusted its production timeline for canola protein?

Due to significant customer interest, Burcon has accelerated its launch and production timeline for canola protein by six months. The company plans to optimize its canola process, ramp up production, and fulfill customer orders in the coming months.

What is Burcon's strategy for commercializing its canola protein technology?

Burcon is executing a capital-light strategy for commercializing its canola protein technology. This approach involves partnering with manufacturers to produce the protein isolate, allowing Burcon to bring its product to market efficiently without significant capital investment in production facilities.