Shineco Enters into an Agreement with Turing Video to Jointly Develop Intelligent Health Care Products

Core Viewpoint - Shineco Inc. has entered into a Strategic Cooperation Framework Agreement with Turing Video to jointly develop smart medical products and innovative health solutions for the healthcare market [1][5]. Company Overview - Shineco Inc. is a producer of innovative diagnostic medical products and related medical devices, aiming to improve the quality of life through safe and efficient health products [6]. - Shangkang Life Science, a subsidiary of Shineco, specializes in medical devices for conditions such as bone hyperplasia and rheumatism [2]. Strategic Partnership - The partnership with Turing Video aims to leverage both companies' strengths in biotechnology and AI to create smart healthcare solutions for the elderly [5]. - Turing Video has developed AI products for elderly care, including vital sign monitors and smart fall monitors, and holds over 40 patents [2]. Product Development - Shangkang Life Science plans to develop a system combining miniature biosensors and smart camera equipment to monitor elderly health in real-time, providing alerts for abnormal conditions [3]. - The company also aims to enhance electro-acupuncture devices to improve therapeutic effects for elderly patients [4]. Market Potential - The 'silver economy' in China is projected to reach RMB 30.0 trillion (approximately US$ 4.1 trillion) by 2035, indicating significant market potential for the new smart products targeting geriatric healthcare [5]. - The collaboration is expected to enhance the market competitiveness of Shangkang Life Science's medical products and create a sustainable market presence [4].