Jin Medical International Ltd. Releases New-Generation Ultralight Portable Electric Wheelchairs and Electric Mobility Vehicles for the Elderly
13 Junho 2023 - 9:00AM
Jin Medical International Ltd. (the "Company" or “JinMed”) (NASDAQ:
ZJYL), a Cayman Islands holding company with Chinese operating
entities that manufacture and develop wheelchairs and living aids
products, today released a new ultralight electric wheelchair model
and a new electric mobility vehicle model for the elderly. The two
new models have been developed in collaboration with Nanjing Tech
University (“NJTech”), which is a top-tier university with over 100
years of history and is well-known for its training programs for
engineers in China. JinMed is responsible for the development and
manufacturing of the new models’ electrical components, while
NJTech oversees the new models’ style and industrial design. The
new models are expected to be ready for sale this year, via
multiple sales channels, including online platforms, and authorized
dealerships, both in China and overseas markets.
The newly released ultralight and portable
wheelchair model is equipped with dual brushless motors and an
electromagnetic safety brake system designed to offer reliable
performance on slopes with optimal safety. Its large-capacity
battery allows for an extended single-charge range of over 25km,
while the quick-release battery box design offers both convenience
and security.
The new model has a compact and user-friendly
interface, which enables 360-degree remote control and a USB plug
for powering mobile devices. The new model is made of high-strength
aluminum alloy materials but weighs only 21.5kg. It also features a
one-button reclining function for the backrest (up to 130 degrees)
and an adjustable headrest, providing users with the option to rest
in a lying position.
The newly released electric mobility vehicle
model is a branded “E-Scooter” which incorporates multidimensional
folding technology, so it can be folded into a compact size. Also
featuring a powerful motor, safety brake design, the E-Scooter has
a large display screen for precise route measurement that is
powered by a GPS positioning system to facilitate a worry-free
travel experience. The model provides an extended battery life,
while the LED headlights are designed to make night-time travel
safer. The E-Scooter's design comes in a range of colors and is
also made of high-strength lightweight aluminum alloy and a carbon
fiber structural skeleton.
Mr Erqi Wang, Chairman and CEO of the Company
commented: “Currently electric wheelchairs products attribute to a
small portion of our sales and are only sold to a few selected
customers to test the markets for these products. We believe the
new products being introduced this time represent an important
milestone of JinMed’s electric wheelchair and electric mobility
scooter products. They represent a significant addition to our
existing line of wheelchairs, and address the current market demand
for convenient mobility solutions. We expect that these products
will provide customers with a superior and more enjoyable
experience. Through our collaboration with NJTech, we have
developed a cutting-edge product that combines style,
functionality, and practicality. NJTech brings their expertise in
product styling and industrial design, while JinMed contributes its
expertise in electrical components design, resulting in products
that we are proud to bring to market.”
“Based on pre-sales order demand, we expect to
sell about 2,000 units of the new ultra-lightweight electric
wheelchairs and 3,000 units of the new mobility scooters
annually.”
“Our commitment to quality and innovation drives
us forward as we continue to develop products that meet the needs
of our customers. We expect that our partnership with NJTech will
yield more groundbreaking products in the future and we look
forward to sharing them with our stakeholders.”
About Jin Medical
International Ltd.
Founded in 2006 and headquartered at Changzhou
City, Jiangsu Province of China, the Company, through its Chinese
operating entities, designs and manufactures wheelchairs and living
aids products for people with disabilities, the elderly, and people
recovering from injuries. The Company’s Chinese operating entities
operate 2 manufacturing plants with approximately 228,257 square
feet in the aggregate in Changzhou City and Taizhou City, Jiangsu
Province, China. The Company’s Chinese operating entities have
established relationships with over 40 distributors in China, and
over 20 in the other regions of the world where it currently sells
the products. The majority of the Company’s wheelchair products,
with more than 30 models, are sold to dealers in Japan and China,
including Nissin Medical Industries Co., Ltd, one of the largest
medical device distributors in Japan. The Company’s Chinese
operating entities own 106 patents and are in the process of
registering 22 additional patents with the Patent Administration
Department of the People’s Republic of China and continuously
deliver innovative wheelchair designs that are both lightweight and
ergonomic each year. For more information, please
visit: http://www.zhjmedical.com.
Forward-Looking Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performances, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may," "will," "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks, including, but not limited to, the
following: the Company's ability to achieve its goals and
strategies, the Company's future business development and plans for
future business development, including its financial conditions and
results of operations, product and service demand and acceptance,
reputation and brand, the impact of competition and pricing,
changes in technology, government regulations, fluctuations in
general economic and business conditions, and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the U.S. Securities
and Exchange Commission ("SEC"). For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the SEC, as
well as its current reports on Form 6-K and other filings, all of
which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
For more information, please
contact:
Investor Relations
Wealth Financial Services
LLC
Janice Wang
Email: services@wealthfsllc.com
Phone: +86 13811768599
+1 628 283 9214
- Jin Medical International Ltd.
- Jin Medical International Ltd.
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