Commercial Rollout to Begin Shortly
BEIJING, May 9, 2024
/PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the
"Company" or "Origin"), a leading Chinese agricultural technology
company, today announced the issuance of a GMO safety certificate
for its transgenic maize, BBL2-2, marking a significant milestone
for the Company and the agricultural sector, heralding a new era in
crop innovation.
The newly certified BBL2-2 maize contains two insect-resistant
genes, Cry1Ab and Cry3Bb, and one herbicide-tolerance gene,
Cp4-epsps. This genetic composition makes the maize resistant to
various lepidopteran pests such as corn borer, cotton bollworm,
armyworm. BBL2-2 is a product with
substantial commercial value and extensive application
potential.
The certification of BBL2-2 confirms its adherence to stringent
safety standards and paves the way for its commercial launch. The
introduction of BBL2-2 is expected to significantly enhance
agricultural productivity and sustainability, providing a powerful
tool for farmers to manage pests more effectively and reduce the
environmental impact of agriculture.
Dr. Gengchen Han, Chairman and CEO of Origin Agritech,
commented, "Receiving this GMO safety certificate is a
transformative moment for Origin Agritech and agricultural
biotechnology in China. BBL2-2
exemplifies our capabilities in genetic innovation and sets a new
standard in sustainable agriculture. We are eager to lead the
commercialization of this technology, which promises significant
improvements in crop resilience and yield."
In addition to its work on BBL2-2, Origin Agritech continues to
advance its agricultural technology portfolio with significant
progress in gene editing. Recently, the Company developed a
high-yield corn inbred line through precise gene editing
techniques, which has shown a yield increase of more than 50% over
traditional corn in extensive multilocational field trials. The
gene-edited event is now in the process of agricultural biosafety
assessment. This development is expected to greatly enhance the
productivity and cost-effectiveness of corn production, reinforcing
Origin's commitment to sustainable and efficient agriculture.
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in
Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural
technology company. In crop seed biotechnologies, Origin Agritech's
phytase corn was the first transgenic corn to receive the
Bio-Safety Certificate from China's Ministry of Agriculture. Over the
years, Origin has established a robust biotechnology seed pipeline,
including products with glyphosate tolerance and pest resistance
(Bt) traits. For further information, please visit the Company's
website at www.originagritech.com. The Company also maintains a
Twitter account for updating investors on Company and industry
developments which is https://x.com/origin_agritech.
Forward-Looking Statements
This communication contains "forward-looking statements" as
defined in the federal securities laws, including Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. Forward-looking
statements address expected future business and financial
performance and financial condition and contain words like
"expect," "anticipate," "intend," "plan," "believe," "seek,"
"will," "would," "target," and similar expressions and variations.
Forward-looking statements address matters that are uncertain.
Forward-looking statements are not guarantees of future performance
and are based on assumptions and expectations that may not be
realized. They are based on management's current expectations,
assumptions, estimates, and projections about the Company and the
industry in which the Company operates but involve a number of
risks and uncertainties, many of which are beyond the Company's
control. Some of the important factors that could cause the
Company's actual results to differ materially from those discussed
in forward-looking statements are: failure to develop and market
new products and optimally manage product life cycles; ability to
respond to market acceptance, rules, regulations and policies
affecting our products; failure to appropriately manage process
safety and product stewardship issues; changes in laws and
regulations or political conditions; global economic and capital
markets conditions, such as inflation, interest and currency
exchange rates; business or supply disruptions; natural disasters
and weather events and patterns; ability to protect and enforce the
Company's intellectual property rights; and separation of
underperforming or non-strategic assets or businesses. The Company
undertakes no duty or obligation to publicly revise or update any
forward-looking statements as a result of future developments, new
information, or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
that such expectations will be correct. Actual results may differ
materially from the anticipated results. You are urged to consider
these factors carefully when evaluating the forward-looking
statements contained herein. You are cautioned not to place undue
reliance on such forward-looking statements, which are qualified in
their entirety by these cautionary statements.
For more information, please contact:
Origin
Agritech Limited Contact:
Kate
Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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SOURCE Origin Agritech Limited