BEIJING, March 9,
2023 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ:
SEED) (the "Company" or "Origin"), an agriculture technology
company, announced today that it has appointed Joe Ramelli to the role of Vice President of
Business Development.
Ramelli brings a wealth of experience to this role having served
as Interim CFO and one of the original team members for ValenzaBio,
which was recently acquired by Acelyrin. Previously he was CEO of
Marina Biotech where he closed several business development deals
and put together a merger to remake the company. Ramelli also
worked as an analyst at Eos Holdings, an investment fund that was
an early and successful investor in Chinese companies listing in
the United States. Prior to that
he was an analyst for Robert W.
Duggan & Associates. He has been our Director of
Investor Relations since July of 2020.
Given the positive GMO corn approval policy by the Chinese
government, Origin is well positioned in this potential
multi-billion market. Origin's Bt/Gt corn hybrids which include
triple stack traits, BFL4-2, are in the MOA's demo program and
pilot seed production. The drought resistant trait, which is highly
desirable given more erratic weather patterns in recent years, has
successfully completed evaluation trial and an application has been
filed for biosafety approval.
Our nutrition enhanced corn (NEC) hybrids have demonstrated
great market value for the feed and food industries. Origin is
expanding the production capability and building an NEC supply
chain to meet the increased demand for the products.
"I am so thrilled to move into this business development role,"
said Joe Ramelli. "Before deciding
to accept this role, I had the opportunity to hear Chairman Han's
long-range plan for the company. I was really impressed with his
vision and after hearing it, believe that we have a path to
becoming a billion-dollar corporation. We also have an amazing
opportunity to remake the feedstock supply chain for hogs with our
nutritionally enhanced corn, or NEC."
"It is an ideal time to have Joe leading our business
development," said Origin Agritech's Chairman Gangchen Han. "We not
only have great opportunities in the GMO corn seed business, but
also tremendous potential creating a fully integrated corn
feed/food supply chain in China,
which is a business opportunity in the tens of billions of
dollars."
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 @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 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.
Joe Ramelli
VP of Business Development
Phone: 310-845-6238
Email: joe@originagritech.com
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SOURCE Origin Agritech Limited