ONTARIO, CA, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Kiwa Bio-Tech Products Group Corp. (OTCQB: KWBT) (“Kiwa Bio-Tech” or “the Company”), a leading agricultural biotechnology company that develops and manufactures microbial fertilizers for use in the multi-billion agricultural industry announced that the Company has inaugurated its new state-of-the-art research center related to its rapidly expanding microbial fertilizer business in China.
The purpose of establishing the new Kiwa-Yangling Ecological Agriculture and Environment Research Center (“Kiwa R&D Center”) is to create a headquarters for conducting original research on microbial fertilizers and to make innovative advances in its KETS core technology and support Kiwa Bio-Tech’s strategy of opening new agricultural planting markets and safeguarding the Company’s leading position in the soil restoration industry.
“Research is at the center of everything we do. We reinvest 12% of our revenue annually in new innovation and continue to upgrade our soil-smart technology. The Kiwa R & D Center will also accept government subsidies to support its agricultural research. With sufficient financial support, our innovation pipeline could redefine the industry,” stated Kiwa Bio-Tech’s CEO, Ms. Wang.
The new Kiwa R&D Center is located in the only High-Tech Agricultural Free Trade Zone in Yangling, Shaanxi Province. This location will give Kiwa Bio-Tech access to one of the largest agricultural industry clusters in China. With these geo-advantages and cluster competitive advantages, the Kiwa R&D Center has already established a Research and Innovation Division, Laboratories, an International Cooperation Division, a Data and Information Division and Personnel Training Division.
“The agricultural industry in China has historically faced a lack of industrial standards for bio-fertilizers, which has resulted in a low level of biotechnology advancement and achievement and severe agricultural pollution. The Company’s research and development begins with a thorough understanding of the necessities for transforming agricultural research achievements, bridging between biotechnologies and market demands, developing eco-friendly agricultural standards and alleviating the soil pollution caused by the use of chemical fertilizers,” added Ms. Wang.
We see the Kiwa R & D Center playing a role in fostering dynamic collaboration between academia and the agricultural industry to enhance the knowledge and understanding of eco-friendly agriculture to address far-reaching challenges. The Kiwa R&D Center cooperates with Northwest Agriculture and Forestry University, China Agricultural University, Chinese Academy of Agricultural Sciences, Northwest University, Harbin Technology Institute, Research Institute of Tsinghua University and several other prestigious universities.
The Company has appointed Dr. Yanan Tong as the first president of the Kiwa R & D Center. Dr. Tong received his Ph.D. from Swedish University of Agricultural Sciences. His research direction includes fertilizer use and environment, agricultural environmental protection, and soil sciences. Dr. Tong has served as the Secretary-General of the UK-China Sustainable Agriculture Innovation Network to promote agricultural cooperation and food security in the United Kingdom and China.
About Kiwa Bio-Tech Products Group Corp.
Leader in Eco-friendly Agricultural Industry Chain
Kiwa Bio-Tech Products Group Corp. (KWBT) is a publicly traded company with corporate headquarters in the United States. The company develops, manufacture, markets and distributes innovative and environmentally safe bio-technological products for agriculture. Kiwa’s focus is to positively impact the environment by reducing the amount of chemicals that are being used by agricultural growers in China.
Kiwa Bio-Tech Products Group corp. products are covered by patent protection and are designed to enhance the quality of human life by increasing the value and productivity of agricultural crops.
For more information on Kiwa Bio-Tech Products Group Corp. or its bio-fertilizer products and smart soil remediation technology, please refer to the Company’s website at www.kiwabiotech.com or the Company filings with the United States Securities and Exchange Commission at www.sec.gov.
Forward-Looking Statements
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the U.S. Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company’s actual results may differ materially from those anticipated in the forward-looking statements depending on a number of risk factors including, but not limited to, the following: general economic, business and environment conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology, the execution of its ten-year growth plan, the foreign exchange risk amid the unexpected announcements by the PRC government and various other factors beyond the Company’s control. Kiwa Bio-Tech Products Group Corp. specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.