Inbred Line Yield Increased Over 50% in
Trials
BEIJING, March 20,
2024 /PRNewswire/ -- Origin Agritech Ltd.
(NASDAQ: SEED) (the "Company" or "Origin"), a leading Chinese
agricultural technology company, today announced a major
breakthrough in corn production technology. Building on the
Company's track record of innovation, Origin Agritech has developed
a high-yield corn inbred line that significantly surpasses the
productivity of traditional corn. This groundbreaking advancement
was achieved through precise gene editing techniques, marking a
significant milestone in the company's commitment to sustainable
and efficient agriculture.
Over the course of two years of rigorous multilocational field
trials, the new gene-edited corn inbred line demonstrated a yield
increase of over 50% compared to the original line. This leap in
productivity has the potential to addressing global food security
challenges through cutting-edge agricultural technologies.
Dr. Gengchen Han, Chairman and CEO of Origin Agritech, stated,
"The significant increase in yield potential heralds a new era in
corn production, offering a sustainable solution to meet the
growing global demand for food. We believe that our gene-edited
high-yield corn will play a crucial role in enhancing food security
and sustainability worldwide."
The Company plans to fully integrate this trait into its elite
commercial corn line by the end of 2024. This integration is
expected to greatly enhance seed yield and significantly reduce the
cost of hybrid seed production. In addition, Origin will conduct
field demonstrations and seed production trials in the summer of
2024. These events will showcase the technology's performance and
its potential impact on the agriculture industry.
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 in 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