World Trade Systems PLC R&D, Product Diversification (4418B)
April 03 2017 - 11:42AM
UK Regulatory
TIDMWTS
RNS Number : 4418B
World Trade Systems PLC
03 April 2017
WORLD TRADE SYSTEMS PLC ("WTS")
3 April 2017
WTS announces that WTS China, it's wholly-owned health foods
subsidiary in China, which develops, produces and sells health
enhancing products including functional health drinks, has entered
into memorandum of understanding ("MOU") in connection with
commercial cooperation agreements with two well established
international companies that fit with WTS China's goal and vision.
The Board of WTS believes that this will result in the expansion of
the business of WTS China by diversifying its product range and
extending its market reach.
Co-operation and development of R&D with CHelac Holding GmbH
("CHelac")
WTS China has entered into an MOU with CHelac based in Freiburg,
Germany. CHelac owns all of the patents and other intellectual
property of the group, including bio-chemical and clinical studies,
research and test results, product production rights, and licenses
from inventors. It sells the products or ingredients which it has
developed to its subsidiaries, CHelac GmbH, which markets the
products internationally, and to CHelac AG, which distributes them
in Switzerland.
Under the guidance of its research directors, CHelac is engaged
in developing active ingredients for the cosmetic and
pharmaceutical industries. Its main product thus far is an active
complex molecule consisting of natural ingredients known as
phytosterols which are extracted from rapeseeds, plus another
ingredient known as 4-OPA, which is produced by chemical
modification of a molecule extracted from plants. From these two
ingredients CHelac has produced an active complex called
"CHacoll".
Through extensive testing and research, CHacoll has proven to be
effective in stimulating the synthesis of collagen in the skin,
thereby principally countering the accumulation of cellulite,
preventing sagging and redness of skin, reducing or eliminating
itchy skin and enhancing smoothness and elasticity.
WTS China and CHelac are now discussing ways to cooperate and
pool their resources in R&D for the purpose of creating new
products, which can be sold in their respective markets and
internationally.
Product diversification with Fine Japan Co., LTD ("Fine
Japan")
WTS China has also entered into an MOU with with Fine Japan
which is focused in the health care field in Japan.
Fine Japan is a long-established specialist company in the
development of products for beauty enhancing with functional
cosmetics, developing special food menus, food for hospitals and
the elderly, natural and healthy foods for everyday living, pet
foods, food supplements and vitamins.
WTS China hopes to work with Fine Japan in expanding their
presence in China by adapting their products and marketing methods
to the Chinese market conditions and regulatory environment. WTS
China will also look to expand its range of product offerings by
working with Japanese partners as OEMs. More detailed announcements
will be made in due course.
For more information, please contact the following:
World Trade Systems plc
Mr. Shao Chen, Vice Chairman, shaochen@wtscn.com
Mr. AKM Ismail, Executive Director (Finance),
akm.ismail@gmail.com
Information on WTS China
Based on its expertise in the Chinese health food industry, with
a focused product strategy, a progressive marketing plan, and in
depth understanding of consumer trends, WTS China aims to become a
comprehensive health food solution provider. WTS China is located
in Suzhou, Jiangsu Province, in the central part of eastern
China.
WTS China's current health drinks use collagen and other natural
ingredients aimed at providing consumers with healthy food
supplements containing nutrients which aim to support the body's
immune system, improve digestion, lower cholesterol and blood
pressure and promote healthier organ functions, smoother and more
elastic skin and better complexion. WTS China is active in R&D
developing additional products.
WTS China's vision is to become a leading player in distributing
many high quality health food products throughout China.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFMGGDVFGGNZM
(END) Dow Jones Newswires
April 03, 2017 12:42 ET (16:42 GMT)
World Trade Systems (LSE:WTS)
Historical Stock Chart
From Apr 2024 to May 2024
World Trade Systems (LSE:WTS)
Historical Stock Chart
From May 2023 to May 2024