Origin Agritech's Four New Corn Hybrids Approved
Origin Agritech Ltd. (NASDAQ: SEED) has received approval from the Ministry of Agriculture and Rural Affairs in China for four new hybrid corn breeds. This approval enhances the company's product pipeline and competitiveness in China's corn seed market. Origin is also working on GMO-enhanced versions of these hybrids, further streamlining the approval process. Dr. Gengchen Han, Chairman of Origin Agritech, expressed optimism about expanding germplasm resources to support the development of GMO hybrid seeds.
- Approval received for four new hybrid corn breeds enhances product pipeline.
- Unique position in the Green Pass program streamlines approval processes for new hybrids.
- Plans for GMO-enhanced versions of the newly approved hybrids indicate future growth potential.
- None.
BEIJING, July 8, 2021 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, announced today that it has received approval from the Ministry of Agriculture and Rural Affairs (MOA) for four of its new hybrid corn breeds, further enriching its product pipeline and increasing its competitiveness in China's corn seed market. Furthermore, the company currently has GMO enhanced versions of the newly approved hybrids currently in the approval pipeline.
The MOA recently raised national standards for approval of corn and rice varieties and promoted further innovation in germplasm development. As one of the few companies in China to participate in the Green Pass program, Origin Agritech is in a unique position to streamline the approval process and submit more hybrids for approval per year. Thereby, strengthening the company's ability to bring multiple new hybrids to market annually, including many GMO enhanced hybrids.
Dr. Gengchen Han, Origin Agritech's Chairman, said, "We are very excited to further grow our extensive germplasm resources, which will play an instrumental role in our goal to bring GMO enhanced hybrid seed breeds to market."
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: http://www.originseed.com.cn or http://www.originseed.com.cn/en/. 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.
Contact:
Joe Ramelli
Phone: (310) 845-6238
Email: joeramelli@originseed.com.cn
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SOURCE Origin Agritech Limited
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