November 15/Vancouver/PRNewswire -- Burcon NutraScience Corporation signed a non-binding letter of intent with Archer Daniels Midland Company (ADM) which details the intention of the two parties to enter into a license agreement pursuant to which Burcon will license its Clarisoy technology to ADM on an exclusive basis to produce, market and sell Clarisoy soy protein isolates worldwide.
The letter of intent outlines the major agreed-upon terms for the proposed definitive agreement whereby Burcon will grant an exclusive, worldwide and royalty-bearing license to ADM for Burcon's Clarisoy soy protein isolate technology. The terms of the proposed lLicense include: