JIN MEDICAL INTERNATIONAL LTD. Secures RMB66 Million in Orders for Innovative Micro-Hyperbaric Oxygen Chamber Equipment
2023年12月11日 - 10:30PM
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 announced that it has secured orders of RMB 66
million (approximately $9.18 million USD) of their innovative
Micro-Hyperbaric Oxygen Chamber equipment (S-type and M-type) from
Conlo Industrial Development (Shanghai) CO., LTD. (“Conlo”).
Building on the successful launches of its MINI
micro-hyperbaric oxygen chamber and hydrogen generation machine
products in this September, JinMed has recently unveiled S-type
(accommodating 2-3 people) and M-type (accommodating 4-6 people)
micro-hyperbaric oxygen chambers. Engineered with precision and
designed for optimal therapeutic benefits, these chambers are
intended to redefine standards in the healthcare industry. Conlo,
recognizing the potential of these innovative products, has placed
substantial orders totaling RMB 66 million, encompassing 200 units
of each chamber type.
Anticipating robust demand, Conlo plans to
deploy 10,000 oxygen chambers for human and 10,000 pet oxygen
chambers, all of which will be exclusively sourced from JinMed in
the Chinese market over the next three years. This strategic
collaboration underlines JinMed's commitment to delivering
innovative healthcare solutions and meeting the evolving needs of
its consumers.
Mr. Erqi Wang, the Chairman and CEO of the
Company commented: "The Micro-Hyperbaric Oxygen Chamber equipment,
developed by JinMed, represents a breakthrough in the field of
medical technologies. Securing RMB 66 million in orders for our
Micro-Hyperbaric Oxygen Chamber equipment demonstrates the trust
our business partners have placed in our commitment to innovation
and healthcare excellence. We are poised for sustainable growth as
we continue to introduce cutting-edge products and solutions that
cater to diverse healthcare needs to enhance the well-being of
individuals."
Micro-hyperbaric oxygen therapy in a
micro-hyperbaric oxygen chamber is known to have the
characteristics of low pressure and high safety. It is suitable for
the elderly, patients with chronic diseases, beauty lovers, people
with compromised health conditions, athletes, obese people and
postoperative rehabilitation patients. The product has the
functions of daily oxygen protection, health improvement,
postoperative recovery, immunity enhancement and anti-aging.
Everyday use of the Micro-hyperbaric oxygen chambers will rapidly
increase combination oxygen and dissolved oxygen content, blood
flow speed, cellular repair, and help to improve metabolism and
balance of the body. From the anti-aging aspect, long-term use of
high pressure oxygen is known to enhance the cell vitality,
effectively prolong grain, reduce the senescent cells, and improve
skin metabolism, resulting in certain anti-aging effects.
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 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:ir@zhjmedical.com
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