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|From: stormcat (Rep: 464)||Date: 01/24/2020 09:20|
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|again patience pays off on great news today..gonna open up nicely here is news with NESTLE|
Burcon signs joint development deal with Nestle, Merit
2020-01-24 06:16 ET - News Release
Mr. Johann Tergesen reports
BURCON, MERIT AND NESTLE ANNOUNCE COLLABORATIVE PARTNERSHIP FOR PLANT-BASED PROTEINS
Burcon NutraScience Corp., Nestle and Merit Functional Foods Corp. have entered into a joint development agreement to tailor Burcon and Merit's novel plant-based proteins for use in Nestle food and beverage applications.
The joint agreement commences what is intended to be a long-term relationship among the parties covering continuing 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 Nestle in nutritious and great tasting plant-based meat and dairy alternatives.
"We are thrilled to be partnering with Nestle, to customize our already exciting novel plant-based proteins," said Johann F. Tergesen, Burcon's president and chief executive officer. "This collaboration among Burcon, Nestle and Merit is about strategic innovation to deliver unique, sustainable, great-tasting and highly nutritious plant-based products."
"Partnering with Nestle -- a global leader in food and nutrition -- is a major milestone for Merit Functional Foods," Merit co-chief executive officer 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."
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