Burcon Completes Process Scale Up for Contract Research Customer

Rhea-AI Summary

Burcon NutraScience has successfully completed a process scale-up project for a new contract research customer. The project involved multiple pilot-scale extractions using commercial equipment to validate and scale up the manufacturing process, producing representative samples of food ingredients for evaluation. This achievement demonstrates Burcon's technical expertise in processing solutions and aligns with their strategy of supporting food innovators through contract services, utilizing available capacity at their pilot facility.

Positive

• Successfully completed process scale-up project for new customer
• Demonstrates capability to provide contract research services
• Effective utilization of existing pilot facility capacity

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - November 4, 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 a process scale-up project for a new contract research customer. Complementing its core protein business, Burcon continues to engage and support food innovators through contract services.

"Collaborating with food innovators and prospective customers is a strategic imperative for Burcon," said Kip Underwood, Burcon's chief executive officer. "Utilizing available capacity at our pilot facility, we successfully scaled up a client's manufacturing process. We're honored to be trusted by industry leaders for our technical expertise in processing solutions."

The project involved using commercial equipment for multiple pilot-scale extractions, validating and scaling up the manufacturing process. This enabled Burcon to produce representative samples of the food ingredient for further evaluation. The project aligns with the company's mission to drive innovation in plant-based ingredients, advancing sustainable, nutritious, and planet-friendly food solutions.

"Our expertise allows us to help leading food innovators design, validate and scale up their processes, saving valuable R&D time and costs," added Randy Willardsen, Burcon's senior vice president of process.

For more information or to inquire about Burcon's services, please visit our webpage Burcon Services.

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/228747

FAQ

What process scale-up project did Burcon (BRCNF) complete in November 2024?

Burcon completed a process scale-up project for a new contract research customer, involving multiple pilot-scale extractions and manufacturing process validation using commercial equipment.

How is Burcon (BRCNF) utilizing its pilot facility capacity?

Burcon is utilizing available capacity at its pilot facility to provide contract services, helping food innovators design, validate, and scale up their processes.

What type of contract services does Burcon (BRCNF) offer to food innovators?

Burcon offers technical expertise in processing solutions, including process scale-up, manufacturing validation, and production of representative food ingredient samples for evaluation.