Burcon, ADM Sign License Agreement

VANCOUVER, British ColumbiaBurcon NutraScience Corporation entered into a 20-year license agreement with ADM for the worldwide production, distribution and sale of Burcons Clarisoy® soy protein. The license agreement gives ADM exclusive rights across all geographic regions and all potential product applications to produce, market and sell Clarisoy soy protein.

Burcon is thrilled to work with ADM in commercializing Clarisoy. ADMs demonstrated excellence in the production and sale of food ingredients makes the company the ideal partner to commercialize Clarisoy soy protein," commented Johann F. Tergesen, president and COO of Burcon.    

We are excited to bring Clarisoy to market," said Bruce T. Bennett, general manager of Protein Specialties for ADM. Clarisoys potential in the global protein ingredient industry will be well served through our license agreement with Burcon. The versatility of Clarisoy complements our current product portfolio and increases application opportunities for our customers."

Under the agreement, ADM will make royalty payments to Burcon on the sales of Clarisoy. The maintenance of the Clarisoy soy protein patent portfolio during the term of the license agreement will be the responsibility of Burcon.

Clarisoy is a soy protein product that is 100 percent soluble, transparent and low in viscosity in low pH (acidic) beverages, including juices, soft drinks and sport drinks in the low pH range.