Business
Burcon updates on CLARISOY(TM) development process
Burcon updates on CLARISOY(TM) development process
About this update from Burcon Nutrascience Corporation
[{"type":"text","content":"\n\n\n\nSep. 22, 2009 (Canada NewsWire Group) -- VANCOUVER, Sept. 22 /CNW/ -- Burcon NutraScience Corporation (TSX - BU) (\"Burcon\" or the \"Corporation\") is pleased to report on the latest developments with respect to the commercialization of its innovative technologies and in particular, CLARISOY(TM) soy protein isolate.Over the past number of months, Burcon has entered into a series of material transfer agreements (\"MTA's\") and confidential disclosure agreements (\"CDA's\") with major food, beverage and pharmaceutical companies to enable Burcon to provide these companies with large quantity samples of our CLARISOY(TM) soy protein isolate for their analysis. Over this same time period, Burcon has also entered into a series of MTA's and CDA's with a number of the world's largest protein ingredient companies including major plant protein producers as well as dairy protein ingredient companies and others.This process of pursuing a strategic alliance partner or partners for the development of Burcon's CLARISOY(TM) soy protein isolate has been focused on partnering for both the production of CLARISOY(TM) as well as the marketing and sale of CLARISOY(TM) to food and beverage manufacturers. Burcon has now also held discussions with certain entities that have expressed an interest in partnering exclusively for the sale - on a global basis - of Burcon's CLARISOY(TM) to food and beverage manufacturers and nutritional supplement companies.In order to evaluate the potential of these alternative alliance structures, Burcon has engaged the engineering firm AECOM, a global provider of professional engineering and management support services, and has completed a pre-feasibility study for the construction and commissioning of an initial CLARISOY(TM) production facility. The pre-feasibility study includes estimates and forecasts of the costs associated with the design and construction of an initial CLARISOY(TM) production facility.As part of this pre-feasibility analysis Burcon has evaluated a number of alternatives for the location of an initial facility. Alternative options include co-locating at an existing soybean crushing facility versus locations that are not adjacent to existing soy processing facilities but which benefit from existing infrastructure. The pre-feasibility analysis also compares alternatives regarding varying initial p...