Vancouver, British Columbia, September 14, 2023 — Burcon NutraScience Corporation (“Burcon” or the “Company”) (TSX: BU), a global technology leader in the development of plant-based proteins for foods and beverages, and HPS Food and Ingredients Inc. (“HPS”) are excited to announce their participation at the upcoming Natural Products Expo East, where they will showcase their best-in-class 95% hempseed protein isolate. The event, scheduled for September 21-23, 2023 in Philadelphia, PA, will provide an opportunity to collaborate with industry leaders to develop exciting consumer food applications for this unique plant-based protein.
“We are thrilled to participate in the Natural Products Expo East, building upon the momentum generated from our successful launch at IFT FIRST,” said Kip Underwood, Burcon’s chief executive officer. “Our goal is to generate additional customer interest, and further develop the market for our unique hempseed protein. Our collaboration with HPS has resulted in fruitful synergies, and together, we are committed to delivering high-quality hempseed ingredients to customers.”
Burcon’s hempseed protein isolate is produced through a proprietary extraction and purification process using North American grown hempseeds. Through a series of aqueous processing steps, Burcon can produce a high-quality protein ingredient that contains 95% pure protein, has a neutral flavor profile, exhibits an off-white color, and disperses well when mixed in solution.
Application concept sheets will be readily available at HPS’s booth #1632, providing a comprehensive overview of the hempseed protein isolate and its potential applications, making it easier for prospective customers to visualize the opportunities to create great-tasting and nutritious consumer products. The 95% hempseed isolate formulates well in various applications including beverages, snacks, bars, baked goods, plant-based dairy and meat alternatives.
Visit the HPS team at Expo East Booth #1632 for more information on our best-in-class 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 deliver 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
Director, Investor Relations
Burcon NutraScience Corporation
Tel (604) 733-0896, Toll-free (888) 408-7960
Steve Campbell, APR
Campbell & Company Public Relations
Tel (604) 888-5267