BEIJING, March 25, 2021 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), an agriculture technology company, today announced that it has entered into a collaboration agreement with Beijing Dabeinong Technology Group Co., Ltd. (DBN) for the development of commercial GMO corn hybrids.
Under the terms of the agreement, the parties will collaborate on research and development of new GMO corn hybrids by integrating DBN's approved traits and Origin's elite corn hybrids to develop potential commercial GMO hybrid corn for Chinese farmers. In the agreement, both parties have also agreed to explore potential collaborations in GMO corn seed production, marketing, and technical services in the future GMO corn market, which would allow the two firms to expand their collaboration over time.
DBN is a Chinese agriculture conglomerate with over 14,000 employees and has over $2 billion in annual sales. Beijing Dabeinong Biotechnology Co., Ltd. (DBNBC), which is DBN's holding subsidiary, is the leading biotechnology research entity in China. It received the approval of three Corn Bio-safety Certificates and one Soybean Bio-safety Certificate recently. Origin has built one of the largest corn seed germplasms among Chinese seed companies with over 200 thousand corn germplasm samples and breeding materials in its germplasm banks, which allows Origin to develop corn varieties for all major corn planting regions in China. Origin has also built its GMO corn pipeline in through 15 years of extensive research efforts and has several GMO traits under the safety approval process.
About Beijing Dabeinong Technology Group Co., Ltd
Beijing Dabeinong Technology Group Co., Ltd was founded in 1993 and headquartered in Beijing, principally engaged in the manufacture and distribution of feed products, and the cultivation and promotion of seed products. The Company's main products include livestock and poultry feeds, veterinary drug vaccines, boars, rice, corn and crop seeds, pesticide, fertilizers, agricultural internet and industrial chain science and technology financial services, among others. It distributes its products within the domestic Chinese market and to overseas markets. The company's stock is listed on the Shenzhen Stock Exchange with the symbol (SHE: 002385)
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.
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SOURCE Origin Agritech Limited