Origin Agritech Announces Development of New Corn Varieties with Different Nutritional Components

Rhea-AI Summary

Origin Agritech Ltd. (NASDAQ: SEED) announced that five new sweet and waxy corn hybrid varieties have completed registrational trails and are awaiting production approval. These hybrids include a sweet corn variant enriched with 45% more folic acid and others with increased vitamin E and phenolic compounds, targeting the rising demand in the Chinese market. Additionally, the company is testing hundreds of Nutritionally Enhanced Corn (NEC) hybrids for animal feedstock across major corn-producing areas in China in 2022.

Positive

• Five new corn hybrid varieties pending production approval.
• Hybrids enhance nutritional components to meet rising market demand.

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• None.

BEIJING, July 22, 2022 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, announced today that five newly developed sweet and waxy corn hybrid varieties with different nutritional components have completed registrational trails and are pending production approval.  

The newly developed corn hybrids include a sweet corn hybrid containing 45% more folic acid and other hybrids with significant increases in vitamin E, phenolic compounds, and other nutritional value-added characteristics. The demand for high quality sweet and waxy corn for human consumption has grown significantly in the Chinese market in recent years. Origin's newly developed nutritional value-added hybrids will address this high value market.

In addition, Origin continues to extend its research effort with Nutritionally Enhanced Corn (NEC) for animal feedstock. Origin is testing hundreds of new NEC hybrids in dozens of locations across the major corn growing areas in China in 2022.

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 @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 which 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, or 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 you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.

Joe Ramelli
Director of Investor Relation
Phone: 310-845-6238
Email: joe@originagritech.com

 

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SOURCE Origin Agritech Limited

FAQ

What is the latest announcement from Origin Agritech regarding new products?

Origin Agritech announced five new sweet and waxy corn hybrid varieties with enhanced nutritional components are pending production approval.

What nutritional benefits do the new corn hybrids from Origin Agritech offer?

The new hybrids include a sweet corn variant with 45% more folic acid, along with others containing increased vitamin E and phenolic compounds.

When was the announcement about Origin Agritech's new corn hybrids made?

The announcement was made on July 22, 2022.

What is the stock symbol for Origin Agritech?

Origin Agritech's stock symbol is SEED.

What market demand is Origin Agritech responding to with its new corn varieties?

The company is responding to the growing demand for high-quality sweet and waxy corn for human consumption in the Chinese market.