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Origin Agritech is Awarded a Grant by the Ministry of Agriculture for Two of Its GMO Corn Traits
BEIJING, Nov. 3, 2020 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, today announced that
About this update from Origin Agritech Limited
[{"type":"text","content":"BEIJING, Nov. 3, 2020 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the \"Company\" or \"Origin\"), an agriculture technology company, today announced that it was awarded an RMB6.5 million grant from the Ministry of Agriculture (MOA) of China for the successful evaluation of the effects of two of its GMO corn traits. \nThe two traits that received the grant funding are GH5112E-117C, a double stack of insect resistance and herbicide tolerance corn and G1105E-823, an herbicide tolerance corn. These traits' testing standards have recently been approved, clearing the way for the final step of receiving bio-safety certificates, which the company believes will happen soon.\nThe MOA's grant program was established to award achievement in agricultural technology innovation and to speed up the technology's applications in agriculture production. The grant award of Origin's two GMO traits not only validates the success of our past research efforts but also shows the government's strong support of GMO research and product development in China.\n\"I would like to thank our research team at Origin for their fantastic work,\" said Dr. Gengchen Han, Origin's Chairman and Chief Executive Officer. \"With the support from the MOA, we look forward to our technology making great contributions to Chinese agriculture development and to it benefitting the Chinese farmers.\"\nAbout Origin Agritech Limited\nOrigin 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/. \nForward-Looking Statements\nThis 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-lo...