Molecular Data Inc. Hosted 100th Day Opening Ceremony for Its Henan Subsidiary ZEMolbase
October 12 2020 - 5:30AM
Molecular Data Inc. (“Molecular Data” or the “Company”) (Nasdaq:
MKD), a leading technology-driven platform in China’s chemical
industry, hosted a celebration ceremony in Zhengzhou, Henan
province on October 10, 2020, to mark the 100th day since the
inception of the Company’s subsidiary, Henan ZEMolbase Data Service
Co., Ltd. (“ZEMolbase”).
Leveraging ZTE Corporation’s 5G
telecommunication technology and Molecular Data’s extensive
industry expertise in the chemical industry, ZEMolbase was founded
jointly by the two companies with a goal to provide comprehensive
services and one-stop solutions to customers and stakeholders along
the entire chemical value chain and support the digitalization of
traditional chemical industry.
“The Industrial Internet is an important
cornerstone of the 4th Industrial Revolution and 5G is the key
driver for the digitalization of industrial society. ZEMolbase was
formed to ride on the trends of rapid development of Internet of
Things and imminence of the 5G era,” said Dr. Dongliang Chang,
Founder of the Company and Chairman of the Board. “In addition,
benefitted by a series of recent encouraging government policies,
we are looking forward to supporting the revolution of the chemical
industry.”
During the ceremony, ZEMolbase unveiled its new
product, Lingshi 1.0, a comprehensive solution designed to satisfy
customers’ diverse needs in chemical products management,
operations and monitoring. This product was developed following
in-depth study and close cooperation with several leading
scientific institutions and telecommunication companies including
Chinese Academy of Sciences, Henan Institute of Emergency
Management Science and Technology, and China Mobile Limited,
etc.
As a management tool targeting the full
lifecycle of chemical products, Lingshi 1.0 provides technological
support to customers including suppliers and purchasers, industrial
park managers, as well as industrial supervisors, covering
operational areas of production, sales, logistics and warehousing,
in full concert with relevant regulatory requirements of the
chemical industry. In addition, Lingshi 1.0 includes broad-based
functionalities, features and modules designed to help with
industry-specific operations. These include platforms for the
following: industrial IoT, industrial park management, chemicals
trading and hazardous chemicals logistics supervision. Additional
service features include supply chain services, chemical
standardization traceability, storage and transmission supervision
and industrial internet construction.
About Molecular Data Inc.
Molecular Data Inc. is a leading
technology-driven platform in China’s chemical industry, connecting
participants along the chemical value chain through integrated
solutions. The Company delivers e-commerce solutions, financial
solutions, warehousing and logistics solutions, and SaaS suite that
are intended to solve pain points for participants in the
traditional chemical industry. Built upon a comprehensive knowledge
engine and artificial intelligence (AI) capabilities, the Company’s
e-commerce solutions are mainly offered through its online
platform, consisting of molbase.com, molbase.cn, Moku Data WeChat
account, Chemical Community App and other ancillary platforms.
Safe Harbor Statement
This announcement contains forward-looking
statements. These statements are made under the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “confident,”
“potential,” “continue” or other similar expressions. Among other
things, the quotations from management in this announcement, as
well as the Company’s strategic and operational plans, contain
forward-looking statements. The Company may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission, in its annual report to
shareholders, in press releases and other written materials and in
oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
but not limited to statements about the Company’s beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties, and a variety
of factors could cause actual results to differ materially from
those contained in any forward-looking statement, including but not
limited to the following: the Company’s goals and strategies; the
Company’s future business development, results of operations and
financial condition; the expected growth of the education market;
the Company’s ability to monetize the user base; fluctuations in
general economic and business conditions in China; the potential
impact of the COVID-19 to the Company’s business operations and the
economy in China and elsewhere generally; and assumptions
underlying or related to any of the foregoing. Further information
regarding these and other risks is included in the Company’s
filings with the Securities and Exchange Commission. All
information provided in this press release and in the attachments
is as of the date of the press release, and the Company undertakes
no duty to update such information, except as required under
applicable law.
For investor and media inquiries, please
contact:
In China:
Molecular Data Inc.Eva MaTel: +86-21-5419-9075E-mail:
Investor@molbase.com
The Piacente Group, Inc.Emilie WuTel: +86-21-6039-8363E-mail:
molbase@tpg-ir.com
In the United States:
The Piacente Group, Inc. Brandi PiacenteTel:
+1-212-481-2050E-mail: molbase@tpg-ir.com
Source: Molecular Data Inc.
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