BEIJING, March 15, 2021 /PRNewswire/ — Origin Agritech Ltd. (NASDAQ: SEED) (the “Company” or “Origin”), an agriculture technology company, today announced that it has developed several new corn traits, including drought resistance and southern rust resistance.
The Biotechnology Center of Beijing Origin Seed Industry, Co., Ltd. (Origin Agritech’s subsidiary) developed the new traits using the company’s cutting-edge technology. Origin’s industry leading germoplasms, which were developed over the last 20 years, played a vital role in the creation of the new corn crops as the plants provide all the other unmodified traits necessary for a thriving corn plant.
Southern corn rust and drought are both very detrimental to corn crops. It is estimated that southern corn rust may result in a yield loss of 45% (link). Drought can cause yields to drop by 30% or more (link). The recent news out of China (link) that drought had affected 475,333 hectares of arable land accentuates the need for drought tolerant corn crops in China.
“With climate change leading to prolonged periods of drought throughout the world, drought resistant crops become ever more important,” said Dr. Gengchen Han, Origin’s Chairman. “I am proud of the speed and efficiencies with which our team developed these new traits as it demonstrates how responsive we can be to the developing needs of farmers.”
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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Joe RamelliPhone: (310) 845-6238Email: [email protected]
SOURCE Origin Agritech Limited