BEIJING, Sept. 17, 2019
/PRNewswire/ -- Origin Agritech Ltd. (NASDAQ:
SEED) (the "Company" or "Origin"), an agriculture
technology and rural e-commerce company, today announced that
the Company has entered into a collaboration agreement with Inova
Genética Ltda (INOVA), a member of the Wehrmann Group, from
Cristalina-GO, Brazil.
The agreement will involve cooperation in field testing of
hybrids of both Origin and INOVA in each other's geographic
regions. INOVA will also cooperate with Origin to evaluate corn
seed biotechnology traits for application in South American
markets. In addition, Origin and INOVA will explore commercial
opportunities between the two companies, especially in corn seed
breeding, production and distribution in South America.
INOVA is headquartered in Cristalina-GO, Brazil, and focuses on the plant breeding
business. INOVA is a member of the Wehrmann Group, which is an
active participant of the seed industry and a leading company in
vegetable production in Brazil.
The company has Dr. Anderson Dona as
research head and Dr. Roberto de
Rissi as a special consultant. The group website is:
www.wehrmann.com.br.
"Wehrmann, which also owns Dois Marcos seed company, is an
important seed industry player in Brazil and has many years of experience in
both the soybean and corn seed businesses in Brazil," said Dr. Gengchen Han, Origin's
Chairman and Chief Executive Officer, "our cooperation with INOVA
will expand our geographic access for both our breeding
technologies and our biotech traits."
"It's a great pleasure to visit Origin's facilities in
Beijing, and we are impressed by
Origin's biotech research and their breeding programs. We look
forward to an in depth cooperation with Origin both on the biotech
front and in conventional corn seed breeding programs," said Dr.
Verni Wehrmann, Chairman of the
Wehrmann Group.
About Origin Agritech Limited
Origin Agritech Limited, founded in 1997 and headquartered in
Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is China's leading 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, 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.
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SOURCE Origin Agritech Limited