Examples of License and Production Agreement in a sentence
Sales of soy protein isolates alone – the highest quality of soy protein available commercially – were estimated by Frost & Sullivan at approximately US$798 million in 2008, which represented approximately half of the total revenues from the U.S. soy protein market.As discussed above, ADM has the sole discretion in developing the sales and marketing strategies for CLARISOY™ soy protein pursuant to the License and Production Agreement.
Of the $27,500, $5,500 related to the analysis of revenue recognition issues under the License and Production Agreement with ADM.
The efforts culminated in the signing of the Letter of Intent with ADM in November 2010 and the License and Production Agreement on March 4, 2011.Public offeringOn June 18, 2009, Burcon completed a public offering of 2,942,950 common shares at $5.75 per common share, including 333,950 common shares pursuant to the partial exercise of the agents’ over-allotment option.
As discussed above, ADM has the sole discretion in developing the sales and marketing strategies for CLARISOY™ soy protein pursuant to the License and Production Agreement.
Burcon expects the cost to produce Peazazz® pea protein to be materially consistent with the cost to produce traditional soy protein isolates.Pursuant to the License and Production Agreement, ADM has the sole discretion in developing the sales and marketing strategies for CLARISOY™ soy protein.
ADM will also, within a time specified under the License and Production Agreement, provide written notice to Burcon to advise whether it will or will not increase its annual production capacity of the Products beyond the capacity of the Semi-works Production Facility (“Full Commercial Production”).
Burcon expects the cost to produce PEAZAZZ™ pea protein to be materially consistent with the cost to produce traditional soy protein isolates.Pursuant to the License and Production Agreement, ADM has the sole discretion in developing the sales and marketing strategies for CLARISOY™ soy protein.
The License and Production Agreement provides each party the right to convert the exclusive license to a non-exclusive license under certain conditions.In consideration of the License, ADM will pay to Burcon running royalties based on the net revenue (as defined in the License and Production Agreement) in relation to the sale of the Soy Products which fall within the scope of the Burcon Technology.
The data is taken with a 2 keV 8Li+ beam in an external fieldB0 = 10 G, applied parallel to the surface of the substrate 135B.2 (a) β-NMR resonances in Ag(120 nm) on YBCO twinned crystal at B0 = 3.33 T and E = 8 keV.
Receipt of GRAS notification is a significant commercial milestone and is important for the acceptance and use of these proteins by global food and beverage companies.As part of the Merit License and Production Agreement, Merit Foods is responsible for the production, marketing and sales of Burcon's pea, canola and the proprietary Nutratein® protein blends.