Burcon Collaborates with Puratos to Pioneer New Canola Protein Applications
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) has announced a partnership with Puratos, a global provider of bakery, patisserie, and chocolate ingredients with over US$3.1 billion in net sales. The collaboration aims to develop innovative applications for Burcon's Puratein® canola protein in the bakery and patisserie sectors. The partnership focuses on creating sustainable and healthier alternatives to egg protein, leveraging canola protein's neutral flavor, functional versatility, and high nutritional value. Together, they will work on developing canola protein-enhanced solutions through Puratos's global R&D network to meet growing consumer demand for nutritious and environmentally friendly options.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) ha annunciato una partnership con Puratos, un fornitore globale di ingredienti per panificazione, pasticceria e cioccolato con oltre 3,1 miliardi di dollari USA di vendite nette. La collaborazione si propone di sviluppare applicazioni innovative per Puratein® protein di canola nei settori della panificazione e della pasticceria. L'obiettivo della partnership è creare alternative sostenibili e più sane rispetto alla proteina dell'uovo, sfruttando il sapore neutro, la versatilità funzionale e l'alto valore nutrizionale della proteina di canola. Insieme, lavoreranno allo sviluppo di soluzioni arricchite con proteine di canola attraverso la rete globale di R&S di Puratos per soddisfare la crescente domanda dei consumatori di opzioni nutrizionali e rispettose dell'ambiente.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) ha anunciado una asociación con Puratos, un proveedor global de ingredientes para panadería, pastelería y chocolate con más de 3.1 mil millones de dólares estadounidenses en ventas netas. La colaboración tiene como objetivo desarrollar aplicaciones innovadoras para Puratein® proteína de canola en los sectores de panadería y pastelería. La asociación se enfoca en crear alternativas sostenibles y más saludables a la proteína de huevo, aprovechando el sabor neutro, la versatilidad funcional y el alto valor nutricional de la proteína de canola. Juntos trabajarán en el desarrollo de soluciones enriquecidas con proteína de canola a través de la red global de I+D de Puratos para satisfacer la creciente demanda de los consumidores por opciones nutritivas y respetuosas con el medio ambiente.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF)가 글로벌 제빵, 제과 및 초콜릿 재료 공급업체인 Puratos와 파트너십을 발표했습니다. Puratos는 31억 달러 이상의 순매출을 기록하고 있습니다. 이번 협력은 제빵 및 제과 분야에서 Burcon의 Puratein® 카놀라 단백질을 위한 혁신적인 애플리케이션 개발을 목표로 하고 있습니다. 이 파트너십은 카놀라 단백질의 중성 맛, 기능적 다양성 및 높은 영양 가치를 활용하여 계란 단백질에 대한 지속 가능하고 건강한 대안을 만드는 데 중점을 두고 있습니다. 두 조직은 Puratos의 글로벌 연구 개발 네트워크를 통해 카놀라 단백질 강화 솔루션 개발에 협력하여 영양가 있고 환경 친화적인 옵션에 대한 소비자의 증가하는 수요를 충족할 것입니다.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) a annoncé un partenariat avec Puratos, un fournisseur mondial d'ingrédients pour la boulangerie, la pâtisserie et le chocolat, avec plus de 3,1 milliards de dollars US de ventes nettes. Cette collaboration vise à développer des applications innovantes pour le Puratein® protéine de canola dans les secteurs de la boulangerie et de la pâtisserie. Le partenariat s'articule autour de la création d'alternatives durables et plus saines à la protéine d'œuf, en tirant parti de la saveur neutre, de la polyvalence fonctionnelle et de la haute valeur nutritionnelle de la protéine de canola. Ensemble, ils travailleront au développement de solutions enrichies en protéines de canola grâce au réseau de recherche et développement mondial de Puratos pour répondre à la demande croissante des consommateurs d'options nutritives et respectueuses de l'environnement.
Burcon NutraScience (TSX: BU) (OTCQB: BRCNF) hat eine Partnerschaft mit Puratos angekündigt, einem globalen Anbieter von Zutaten für Bäckerei, Konditorei und Schokolade mit über 3,1 Milliarden US-Dollar Nettoumsatz. Die Zusammenarbeit zielt darauf ab, innovative Anwendungen für Puratein® Rapsprotein in den Bereichen Bäckerei und Konditorei zu entwickeln. Der Fokus der Partnerschaft liegt darauf, nachhaltige und gesundere Alternativen zu Eierprotein zu schaffen, indem der neutrale Geschmack, die funktionale Vielseitigkeit und der hohe Nährwert des Rapsproteins genutzt werden. Gemeinsam werden sie daran arbeiten, rapsproteinverstärkte Lösungen über das globale F&E-Netzwerk von Puratos zu entwickeln, um der wachsenden Nachfrage der Verbraucher nach nahrhaften und umweltfreundlichen Optionen gerecht zu werden.
- Partnership with major industry player Puratos (US$3.1B in sales)
- Potential cost savings in replacing eggs with canola protein
- Access to Puratos's global R&D network and distribution channels
- None.
Collaboration Aims to Incorporate Cutting-Edge Canola Protein in Puratos's Solutions for the Bakery and Patisserie Sectors
Vancouver, British Columbia--(Newsfile Corp. - November 25, 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 that it is partnering with Puratos, an internationally renowned provider of innovative bakery, patisserie, and chocolate ingredients and services with over US
As consumers increasingly seek healthier, sustainable food options, canola protein stands out as a promising alternative to egg protein due to its neutral flavor, functional versatility and high nutritional value.
"We are thrilled to partner with Puratos for our best-in-class canola protein," said Kip Underwood, Burcon's chief executive officer. "Their deep understanding of the bakery and patisserie industries complements our go-to-market strategy. Burcon's canola protein offers exceptional functionalities and can deliver significant cost-in-use savings when replacing eggs in formulations. Together, we're aiming to redefine what's possible with canola protein."
"At Puratos, we are committed to delivering cutting-edge solutions for the bakery, patisserie, and chocolate sectors, with a strong focus on innovation, sustainability and health and well-being. We believe in the power of collaboration with visionary companies like Burcon to amplify our impact," said Bram Pareyt, Puratos's R&D Director GRS Lab. "Their Puratein® is one of the best plant-based proteins we've worked with, and we are excited to explore its unique properties further to bring superior solutions to our customers."
This collaboration combines Burcon's plant protein expertise with Puratos's extensive knowledge of food ingredients and a global network of R&D facilities to unlock the full potential of canola protein. Together with Burcon, Puratos will develop canola protein-enhanced solutions tailored to the needs of their bakery, patisserie, and chocolate customers worldwide. These solutions will not only meet the demand for innovative and high-quality products but also promote sustainability and health, ultimately offering consumers more nutritious and environmentally friendly options.
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.
About Puratos Group
Puratos is an international group offering a full range of innovative food ingredients and services for the bakery, patisserie, and chocolate sectors. The company serves artisans, retailers, industrial, and food service companies in over 100 countries worldwide. Headquartered in Belgium, Puratos was founded in 1919. The company believes in the extraordinary power of food in our lives and takes this responsibility seriously. Puratos aims to help customers be successful in their businesses by turning technologies and experiences from global food cultures into new opportunities. Together with its customers, Puratos moves the planet forward by creating innovative food solutions for the health and well-being of people everywhere. For further information, visit www.puratos.com.
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/231171
FAQ
What is the purpose of Burcon's partnership with Puratos for BRCNF stock?
How will Burcon's Puratein canola protein be used in the Puratos collaboration?
What market advantage does the Burcon-Puratos collaboration offer BRCNF?
