China Yingxia International, a developer and manufacturer of health food products, has signed two long-term cooperation agreements with the Chinese Academy of Agricultural Sciences and Nanjing Agricultural University, respectively.
The Chinese Academy of Agricultural Sciences, a top agricultural research institution in China, is engaged in researching and developing new agricultural products and technologies. Under the terms of the agreement, the Chinese Academy of Agricultural Sciences will provide technical support and transfer new research achievements in nutraceuticals to China Yingxia.
Nanjing Agricultural University, a leading agricultural university in China, has agreed to exclusively transfer its patent of a new breed of rice "W3660" to China Yingxia. The key value of rice "W3660" is the benefits toward consumers suffering from nephropathy and diabetes.
The volume of soluble albumins of ordinary rice is about 8%, but for patients with kidney disease who cannot consume the food product containing soluble albumin of more than 4% "W3660" can be substituted with minimal loss in taste and nutrition. The company expects strong market demand for the new rice "W3660." China Yingxia plans to plant 824 acres of rice "W3660" in 2007 and the potential annual production is 3,000kgs/acre. The new rice "W3660" will be priced at US$4/kg according to China Yingxia. The annual revenue potential could reach US$10 million per year based on those figures.
Yingxia Jiao, CEO and Chairman of China Yingxia, said, "We're very pleased to work with The Chinese Academy of Agricultural Sciences and Nanjing Agricultural University. Through our cooperation with the two leading Chinese agricultural research institutions, our pipeline of quality new products will be strengthened significantly. Additionally, we will be able to bring new products to market helping to grow our revenue and market share."
