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Shineco (SISI) Ignites Growth: $8.7M Tech Deal & Major Singapore Alliance Unleash Dual Engines
Prnewswireยท 2025-09-12 13:30
Core Insights - Shineco Inc. announced two significant strategic advancements, including a technology services contract worth US$8.7 million with Xinke Future Biotechnology for microalgae-derived extracellular vesicles technology and a collaboration with Singapore's BICC for establishing a joint laboratory and technology exchange [1][4]. Group 1: Contract Details - The contract with Xinke Future Biotechnology focuses on developing a comprehensive R&D system for microalgae-derived extracellular vesicles technology, with a service period from August 25, 2025, to December 31, 2026 [2]. - Specific tasks under the contract include functional validation, overcoming large-scale separation and extraction bottlenecks, and developing at least two therapeutic products with regulatory support [2]. Group 2: Financial Implications - The contract provides immediate financial momentum, with a total value of US$8.7 million to be paid in phases, including an initial payment of US$560,000 already received [3]. - Subsequent payments are linked to R&D milestones, ensuring stable revenue recognition and long-term profit growth through the technology's scalable nature [3]. Group 3: Strategic Alliances - The collaboration with BICC aims to integrate their extensive network of over 3,000 agents in Southeast Asia with Shineco's domestic wellness channels, enhancing market reach [5][6]. - The partnership is expected to create synergies in R&D capabilities and application scenarios, supporting Shineco's strategy of combining domestic strength with international expansion [6]. Group 4: Leadership Statements - Shineco's CEO emphasized that the contract validates the company's strategy to monetize research and create near-term revenue, while the alliance with BICC strengthens both domestic and international growth engines [4][7]. - The company remains committed to advancing technology industrialization and international partnerships to deliver sustainable returns for shareholders [7].