Construction of JinMed's New Facility Begins in Chuzhou, China
October 10 2024 - 8:00AM
JIN MEDICAL INTERNATIONAL LTD. (the "Company" or “JinMed”) (NASDAQ:
ZJYL), an industrial leader in Assistive Technologies (“AT”), and a
manufacturer and developer of wheelchairs and living aids products,
today announced the initiation of construction of JinMed’s new
manufacturing facility at Chuzhou City, Anhui Province, China.
JinMed (Anhui) Co., Ltd., a newly established subsidiary of JinMed,
will be designated to operate the Chuzhou JinMed plant (the “New
Facility”) which is established as an internationally standardized,
innovative, and high-end wheelchair and electric wheelchair
manufacturing factory. With higher-level production lines in place,
more innovative high-quality products are expected to strengthen
JinMed’s leadership in the AT industry.
JinMed’s Chairman and Chief Executive Officer,
Mr. Wang Erqi, said that the commencement of the New Facility is
another major milestone for JinMed. JinMed will utilize the
establishment of the New Facility as an opportunity to continue to
uphold the goal of " global technology for the benefit of mankind",
further strengthen its leadership in the AT industry, and
demonstrate the responsibility and commitment of JinMed.
The new Chuzhou facility is targeted to operate
in 2025. In addition to the expansion of capacity of JinMed’s
current manual wheelchair lines, JinMed will also produce electric
wheelchairs and electric scooter specialty lines. Healthcare
products such as micro hyperbaric chambers and scientific cosmetic
products will also be in production at the New Facility.
About Jin Medical International Ltd.
Founded in 2006 and headquartered at Changzhou,
Jiangsu Province of China, JinMed, designs, develops, manufactures
and markets wheelchairs and living aids products for people with
disabilities, the elderlies, and for rehabilitation application.
Currently, JinMed operates two manufacturing plants with
approximately 230,000 square feet in the aggregate in Changzhou
City and Taizhou City, Jiangsu Province, China. JinMed is
establishing a new facility with 430,000 square feet at Chuzhou,
Anhui Province, China. JinMed has more than 40 distributors
in China and more than 20 international distributors. The majority
of JinMed’s wheelchair products, with more than 30 models, are sold
to distributors in Japan and China, including Nissin Medical
Industries Co., Ltd, one of the largest medical device distributors
in Japan. JinMed continuously deliver innovative wheelchair
products that are both lightweight and ergonomic. 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:
ir@zhjmedical.com
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