VANCOUVER, October 20, 2011 /PRNewswire/ --
Burcon NutraScience Corporation (TSX:BU) (NASDAQ:BUR) ("Burcon"
or the "Company") is pleased to announce that its common shares
have been authorized to commence trading on The NASDAQ Global
Market under the symbol "BUR" on October 27, 2011.
To acknowledge this achievement, Burcon is scheduled to ring The
NASDAQ Opening Bell on October
27th, 2011. The NASDAQ Opening Bell Ceremony
will take place from 9:15 am to 9:30 am
ET. A live webcast of The NASDAQ Opening Bell Ceremony
will be available at:
http://www.nasdaq.com/about/marketsitetowervideo.asx or
http://social.nasdaqomx.com
Burcon's common shares will continue to be listed on the Toronto
Stock Exchange under the symbol "BU".
Burcon is a world leader in the innovation and development of
highly functional sustainable plant protein ingredients.
"Having our shares trade on NASDAQ is a natural progression for
our company," said Johann F.
Tergesen, president and COO of Burcon, adding "The NASDAQ
Stock Market is the de facto global market for innovation and
technology companies, making it ideally suited for Burcon which is
focused on innovation in the agri-food technology sector. It is
also a natural evolution for us as U.S.-based Archer Daniels
Midland Company has just recently launched our lead protein
product, CLARISOY™, in the United States. The U.S.
investment community recognizes that food security and food
technology are important investment themes. Our NASDAQ listing
will help us to raise awareness of Burcon's timely opportunity in
the vital food and agri-food technology sectors and make our shares
more accessible to U.S. investors."
Burcon's business strategy is focused on developing a sound
patent portfolio that broadly protects our core protein extraction
and protein application inventions. In general, we have sought
to protect our processing technologies, the functional applications
of our novel plant proteins as they may be used in food and
beverage products, and also to protect the signature
characteristics of the proteins themselves.
About Burcon NutraScience
Burcon is a leader in nutrition, health and wellness in the
field of functional, renewable plant proteins. Since 1999, Burcon
has developed a portfolio of composition, application, and process
patents originating from our core protein extraction and
purification technology. We are developing Puratein® and Supertein™
canola protein isolates with unique functional and nutritional
attributes, and CLARISOY®, a revolutionary soy protein
isolate which is 100% soluble and completely transparent in low pH
solutions. Our team of highly specialized scientists and engineers
work from our private research facility to develop and optimize
environmentally sound technologies. To-date, our patent portfolio
consists of 173 issued patents in various countries, including 30
issued U.S. patents, and in excess of 300 additional pending patent
applications, 71 of which are U.S. patent applications.
CLARISOY™ is a trademark of Archer-Daniels-Midland
Company.
ON BEHALF OF THE BOARD OF DIRECTORS
"Johann F. Tergesen"
Johann F. Tergesen
President and Chief Operating Officer
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 that involve risks and uncertainties.
These forward-looking statements relate to, among other things, the
schedule for the commencement of trading on NASDAQ, and other
expectations, intentions and plans contained in this press release
that are not historical fact. Our expectations regarding the
prospect for future success depend upon our ability to develop and
sell products, which we do not produce today and cannot be sold
without further research and development or reliance on our
development partner. When used in this press release, the words
"goal", "intend", "believes" and "potential" and similar
expressions, generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties.
For further information:
Jade Cheng, Chief Financial
Officer
Burcon NutraScience Corporation
+1(604)733-0896 / +1(888)408-7960 toll-free
jcheng@burcon.ca http://www.burcon.ca