Origin Agritech Held Transgenic Breeding Seminar and Announces Partnerships with 12 Leading Agricultural Companies

Rhea-AI Summary

Origin Agritech (NASDAQ: SEED) has announced partnerships with 12 leading agricultural companies, including Beidahuang Kenfeng Seed and Denong Seed. The agreements were signed during the company's "Corn Smart Plant Type & Transgenic Breeding" seminar and field observation event in Sanya, co-hosted with China Agricultural University.

The partnerships focus on comprehensive biotechnology services, including BBL2-2 transgenic varieties application, molecular marker-based variety improvement, gene editing technology implementation, and corn mutant library applications.

Origin also unveiled its MIGC 20K (Multi-function Integrated Gene Chip 20K) technology, which utilizes data from 40 million SNP sites across 1,218 inbred lines and incorporates 10 million detection data sites from over 2,000 breeding inbred lines in China. This platform provides solutions for transgenic component identification, variety rights protection, and efficient molecular breeding.

Positive

• Secured partnerships with 12 major agricultural companies expanding market reach
• Launched innovative MIGC 20K technology platform for advanced breeding capabilities
• Enhanced biotechnology service offerings through comprehensive agreements

Negative

• None.

Insights

Agricultural Biotechnology Expert

Origin Agritech's strategic partnerships with 12 leading agricultural companies mark a pivotal development in China's biotechnology landscape. The MIGC 20K platform represents a quantum leap in molecular breeding technology, leveraging an extensive database of 40 million SNP sites and 10 million detection data sites. This advanced genetic screening capability will dramatically accelerate breeding programs and improve trait selection accuracy.

The collaboration with Beidahuang Kenfeng Seed and Denong Seed significantly expands Origin's market reach and technological implementation capabilities. The BBL2-2 transgenic varieties and gene editing initiatives position Origin at the forefront of China's push for agricultural self-sufficiency. The integration of corn mutant library applications with molecular marker-based improvements creates a comprehensive breeding platform that could revolutionize crop development timelines.

In simple terms: Imagine having a highly detailed genetic map that helps create better corn varieties faster and more precisely. This partnership allows Origin to share its advanced genetic tools with other companies, potentially speeding up the development of improved crops for Chinese farmers.

Market Research Analyst

The strategic implications of these partnerships extend beyond mere technological collaboration. By securing agreements with 12 major agricultural companies, Origin Agritech is effectively creating a network effect that could dominate China's seed market. The endorsement from high-profile figures like Academician Jingrui Dai and China Seed Association President Yanqiu Zhang adds significant credibility and potential regulatory goodwill.

For a company with a market cap of just $10.8 million, these partnerships represent a disproportionate opportunity for value creation. The commercialization potential of the MIGC 20K platform across multiple partners could generate substantial recurring revenue streams through licensing and service fees. This positions Origin as a technology provider rather than just a seed company, potentially commanding higher margins and market multiples.

Simply put: Origin is transforming from a traditional seed company into a agricultural technology provider, which could be much more valuable. They're building a network of partnerships that could give them a strong competitive advantage in China's massive agricultural market.

BEIJING, Jan. 17, 2025 /PRNewswire/ -- Origin Agritech Ltd. (NASDAQ: SEED) (the "Company" or "Origin"), a leading Chinese agricultural technology company, today announced the signing of cooperation agreements (the "agreements") with 12 prominent agricultural companies, including Beidahuang Kenfeng Seed Co., Ltd. and Denong Seed Co., Ltd. The Agreements were formalized during the Company's "Corn Smart Plant Type & Transgenic Breeding" seminar and Field Observation of Origin's corn transgenic experimental field in Sanya, co-hosted with China Agricultural University.

The Agreements encompass comprehensive biotechnology services, focusing on:

• Application of BBL2-2 transgenic varieties
• Molecular marker-based variety improvement
• Gene editing technology implementation
• Corn mutant library applications

The Agreements were announced during a high-profile industry event that brought together leading agricultural experts, including Jingrui Dai, Academician of the Chinese Academy of Engineering, and Yanqiu Zhang, President of the China Seed Association. The event also showcased Origin's successful development of "smart plant type" corn varieties, demonstrated through field observations at Sanya Nanbin Farm.

During the seminar, Origin showcased its latest innovation, the MIGC 20K (Multi-function Integrated Gene Chip 20K), a breakthrough technology developed by Origin's Marker Biological Breeding Platform. This advanced chip leverages data from 40 million SNP sites across 1,218 inbred lines and incorporates 10 million detection data sites from over 2,000 breeding inbred lines in China. The MIGC 20K provides comprehensive solutions for transgenic component identification, variety rights protection, and efficient molecular breeding.

"These Agreements represent a significant milestone in Origin Agritech's mission to advance agricultural biotechnology in China," said Weibin Yan, Chief Executive Officer of Origin Agritech. "By combining our expertise with that of our new partners, we are strengthening our position in the seed industry while fostering innovation that will benefit farmers across the region. The MIGC 20K platform will play a crucial role in accelerating these collaborative efforts and advancing our breeding capabilities."

Bill Deng, Vice President of Origin Agritech, commented: "These Agreements will accelerate the development and commercialization of innovative seed varieties, ultimately contributing to the modernization of China's agricultural sector. The integration of our MIGC 20K technology will provide our partners with advanced tools for precise breeding and variety development."

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 an X account for updating investors on Company and industry developments which is https://x.com/origin_agritech.

For more information, please contact:
Origin Agritech Limited Contact:
Kate Lang (Mandarin/English)
Director of Investor Relations
Phone: +86 186-1839-3368
Email: bing.lang@originseed.com.cn

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com

View original content:https://www.prnewswire.com/news-releases/origin-agritech-held-transgenic-breeding-seminar-and-announces-partnerships-with-12-leading-agricultural-companies-302353797.html

SOURCE Origin Agritech Limited

FAQ

What partnerships did Origin Agritech (SEED) announce in January 2024?

Origin Agritech announced partnerships with 12 leading agricultural companies, including Beidahuang Kenfeng Seed and Denong Seed, focusing on comprehensive biotechnology services.

What is Origin Agritech's MIGC 20K technology and its capabilities?

MIGC 20K is a Multi-function Integrated Gene Chip that uses data from 40 million SNP sites across 1,218 inbred lines and 10 million detection data sites from over 2,000 breeding inbred lines in China, providing solutions for transgenic identification, variety rights protection, and molecular breeding.

What biotechnology services are included in Origin Agritech's (SEED) new partnerships?

The partnerships include services for BBL2-2 transgenic varieties application, molecular marker-based variety improvement, gene editing technology implementation, and corn mutant library applications.

Where did Origin Agritech (SEED) showcase its corn transgenic experimental field?

Origin Agritech showcased its corn transgenic experimental field at Sanya Nanbin Farm during the 'Corn Smart Plant Type & Transgenic Breeding' seminar.