BEIJING, Aug. 23, 2018 /PRNewswire/ -- Origin
Agritech Ltd. (NASDAQ: SEED), ("the Company" or "Origin")
an agriculture technology and rural e-commerce company, today
announced thatthe Company has started new cooperation programs with
other seed suppliers in China to
integrate the company's GMO traits with the seed varieties from
other suppliers.
"This is a significant step forward for the commercialization of
our GMO technologies. As more and more corn seed suppliers are
realizing the value of GMO technology, they start to work with us
in order to get ready to license
our GMO technologies," said Dr. James
Chen, Origin's Chief Executive Officer.
Origin is the leading technology provider for corn seed GMO
technologies in China. According to the "Thirteenth Five Year State
Science and Technology Innovative Plan" published by the Chinese
government in 2016, the Chinese government set to target the
commercialization of corn seed GMO technologies during the central
government's Thirteenth Five-Year Plan, which ends in 2020.
Additionally, the recent crackdowns of illegal GMO seeds of several
high profiled corn seed providers by the Chinese government help
the government to pave the way for full commercialization of the
corn seed GMO technology.
Origin has prepared to be ready for the commercialization of its
GMO technologies and is working with other seed suppliers to
integrate its GMO traits into the seed varieties of these suppliers
in order to license its technologies upon the commercialization
approval from the Chinese government. China has the corn planting acreage similar to
the United States and the market
value for the corn seed GMO technology could reach over multi
billion dollars in China.
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in
Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is China'sleading agricultural technology and a
rural social e-commerce company, expanding in mid-2018 from crop
seed breeding and genetic improvement business to be a leading
technology developer in new rural e-commerce platform and
Blockchain technologies. 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: http://www.originseed.com.cn or
http://www.originseed.com.cn/en/.
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. 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
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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 to publicly revise or update any forward-looking
statements as a result of future developments, or new information
or otherwise, should circumstances change, except as otherwise
required by securities and other applicable laws.
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SOURCE Origin Agritech Limited