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Burcon Receives Notice of Allowance from the USPTO for a Key Peazazz Pea Protein Patent
Thursday, February 16, 2023Company Profile | Follow Company
Vancouver, BC, February 16, 2023--(T-Net)--Burcon NutraScience Corporation (TSX: BU), a global technology leader in the development of plant-based proteins for foods and beverages, announced that it has received a notice of allowance from the United States Patent and Trademark Office ("USPTO") for a patent application covering characteristics of Burcon's Peazazz pea protein made by Burcon's unique process.
A notice of allowance from the USPTO is a written notification that a patent application has cleared internal review, is pending issuance and will grant in the near future.
"Securing this patent has been a priority for Burcon and we are very pleased to receive this key pea protein patent allowance, which maintains, protects and ensures our pea protein licensee, Merit Functional Foods, with marketplace differentiation," said Kip Underwood, Burcon's chief executive officer, adding, "Merit's pea protein sales have been gaining traction among customers, this patent protection helps Merit continue to offer high quality and unparalleled pea protein ingredients for many years to come."
U.S. patent application 14/811,052, which covers valuable properties of pulse protein products made by Burcon's unique processes, including the high protein purity of Peazazz, was allowed on January 5, 2023.
This patent allowance adds to Burcon's existing patent portfolio of 322 issued patents in various countries, including 72 issued U.S. patents, and in excess of 170 additional pending patent applications, 26 of which are U.S. patent applications. The patent allowance which is the subject of this news release will be issued as a granted U.S. patent in the near future.
About Burcon NutraScience Corporation
Burcon is a global technology leader in the development of plant-based proteins for foods and beverages. With over two decades of experience formulating high-purity proteins that have superior functionality, taste and nutrition, Burcon has amassed an extensive patent portfolio covering its novel plant-based proteins derived from pea, canola, soy, hemp and sunflower seeds, among other plant sources.
In 2019, Merit Functional Foods Corporation ("Merit Foods") was established between Burcon and three veteran food industry executives. Merit Foods has since built and commissioned a state-of-the-art protein production facility in Manitoba, Canada that is producing, under license from Burcon, best-in-class pea and canola proteins for the food and beverage industries. Burcon currently holds a 31.6% shareholding interest in Merit Foods.
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Burcon NutraScience Corporation
Vancouver (Biotech/Life Sciences)
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