HPS and Burcon to Showcase Innovative 95% Hempseed Protein Isolate at SupplySide West

Rhea-AI Summary

Burcon NutraScience and HPS Food and Ingredients will exhibit their high purity 95% hempseed protein isolate at the SupplySide West show.

Positive

• Customer interest in the 95% hempseed protein isolate has far exceeded expectations.
• The companies are committed to supporting customers by providing samples and comprehensive product data.

Negative

• None.

Stop by the HPS Food & Ingredients booth #1652 to learn more about this functional, high protein powder

Vancouver, British Columbia--(Newsfile Corp. - October 19, 2023) - Burcon NutraScience Corporation (TSX: BU) ("Burcon" or the "Company"), a global technology leader in the development of plant-based proteins for foods and beverages, and HPS Food and Ingredients Inc. ("HPS") are exhibiting at the upcoming SupplySide West ("SSW") show, where they will spotlight their high purity 95% hempseed protein isolate. The exhibit hall at SSW will be held from October 25th - 26th in Las Vegas, NV. SupplySide West is the largest gathering of health and nutrition professionals, buyers and suppliers in the innovative ingredient space.

"SupplySide West show is an excellent stage to shine a spotlight on our 95% hempseed protein isolate, emphasizing its exceptional purity and functional qualities," said Kip Underwood, Burcon's chief executive officer. "Customer interest in our 95% hempseed protein isolate has far exceeded our expectations. We look forward to continuing this positive momentum with attendees at SupplySide West show."

Burcon and HPS are encouraged by the market reception of our novel 95% hempseed protein isolate, which has already garnered significant attention since its debut at IFT FIRST earlier in July. This presentation is part of the ongoing efforts to develop and expand the market for this unique protein ingredient. The companies remain firmly committed to supporting their customers by providing pilot-scale samples and comprehensive product data, including nutritional information, specifications and application concept sheets.

Visit the HPS team at SupplySide West Booth #1652 for more information on our innovative hempseed protein isolate. For inquiries regarding product samples and information, prospective customers are encouraged to directly reach out to HPS Sales Team here.

About HPS Food and Ingredients Inc.

HPS Food & Ingredients is a global leader in value-added processing of plant proteins, seeds & grains, oils, flours, fibers and starches, for premium food markets and food companies around the globe. We produce nutritious, North American grown non-GMO, gluten-free ingredient products at our dedicated production facilities in Manitoba, Canada. We provide quality ingredient solutions for the global food marketplace. For more information, visit hpsfood.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 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 delivers on health, nutrition and sustainability. Supporting the growing trend towards a plant-based diet, Burcon is developing premium protein ingredients that we believe are better for you and better for the planet. For more information, visit 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, 2023 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/184559

FAQ

What will Burcon NutraScience and HPS Food and Ingredients exhibit at the SupplySide West show?

They will exhibit their high purity 95% hempseed protein isolate.

What has been the market reception of the hempseed protein isolate?

The market reception has been positive and it has garnered significant attention.

How are the companies supporting their customers?

They are providing pilot-scale samples and comprehensive product data.

Where can prospective customers reach out for product samples and information?

Prospective customers can directly reach out to the HPS Sales Team.