Burcon NutraScience Corp.
- WKN: 157793
- ISIN: CA1208311029
- Land: Kanada
Nachricht vom 24.01.2020 | 12:40
Burcon NutraScience Corp.: Burcon, Merit and Nestlé Announce Collaborative Partnership for Plant-Based Proteins
DGAP-News: Burcon NutraScience Corp.
/ Key word(s): Miscellaneous
Burcon, Merit and Nestlé Announce Collaborative Partnership for Plant-Based Proteins
Vancouver, British Columbia, January 24, 2020 - Burcon NutraScience Corporation (TSX: BU), a global technology leader in the development of plant-based proteins, is pleased to announce today that Burcon, Nestlé and Merit Functional Foods Corporation ("Merit") have entered into a joint development agreement to tailor Burcon and Merit's novel plant-based proteins for use in Nestlé food and beverage applications.
The joint agreement commences what is intended to be a long-term relationship among the parties covering ongoing innovation and the future supply of Burcon and Merit's novel plant-based proteins from the commercial-scale production facility, which Merit is currently building.
The collaboration brings together Burcon's proven capability in plant protein development with Nestle's expertise in the development, production and commercialization of plant-based foods and beverages and Merit's state-of-the-art protein production facility. The aim of the joint development is to tailor the functionality of Burcon and Merit's plant-proteins, to be supplied from Merit's production facility, for use by Nestlé in nutritious and great tasting plant-based meat and dairy alternatives.
"We are thrilled to be partnering with Nestlé, to customize our already exciting novel plant-based proteins," said Johann F. Tergesen, Burcon's president and chief executive officer, adding, "This collaboration among Burcon, Nestlé and Merit is about strategic innovation to deliver unique, sustainable, great tasting, and highly nutritious plant-based products."
"Partnering with Nestlé - a global leader in food and nutrition - is a major milestone for Merit Functional Foods," Merit Co-CEO Ryan Bracken said. "Merit has already demonstrated the value of our novel proteins in plant-based foods. This new partnership helps build on this, and it's a major step in developing the next generation of nutritious and delicious plant-based products that draw on the benefits of our novel proteins."
About Merit Functional Foods Corporation
Established in 2019, Merit Functional Foods is committed to exceeding expectations for plant-based protein, providing the market with the highest quality protein ingredients and blends that offer unmatched purity, exceptional taste, and excellent solubility. Merit is building a state-of-the-art production facility in Winnipeg, where it will produce a portfolio of pea and canola protein ingredients with exceptional functional and nutritional values. For more information, visit meritfoods.com.
About Burcon NutraScience Corporation
Burcon is a global technology leader in the development of plant-based proteins. With over 270 issued patents and more than 260 additional patent applications, developed over a span of more than twenty years, Burcon has grown an extensive portfolio of composition, application, and process patents covering novel plant-based proteins derived from pea, canola, soy, hemp, sunflower seed and more. In 2019, Merit Functional Foods Corporation was established in a joint venture by Burcon and three veteran food industry executives. Merit Foods is building a state-of-the-art protein production facility in Manitoba, Canada, where it will produce, under license, Burcon's novel pea and canola protein ingredients. For more information visit www.burcon.ca
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