Tag: technology

Meihua International Medical Technologies Co., Ltd. Enters Into Cooperation Agreements with Hainan’s Qionghai City and Hainan Free Trade Port Boao Hope City to Build Technology Park and Medical Research and Development Center

YANGZHOU, China, Feb. 21, 2023 /PRNewswire/ — Meihua International Medical Technologies Co., Ltd. (“MHUA” or the “Company”) (NASDAQ: MHUA), a reputable manufacturer and provider of Class I, II and III disposable medical devices with operating subsidiaries in China, today announced the Company, via its subsidiary company Hainan Guoxie Medical Technology Co. (“Hainan Guoxie”), has entered into cooperation agreement (the “Qionghai Agreement”) with Qionghai City of Hainan Province to build technology park project. Hainan Guoxie also entered into cooperation agreement (the “Hope City Agreement”) with Hainan Free Trade Port Boao Hope City (“Hope City”) to build MHUA a medical research and development center in the Hope City.

Pursuant to the Qionghai Agreement, Hainan Guoxie plans to invest in the construction of a medical industrial park in Hainan Province for the will be focused on the development of minimally invasive interventional medical devices, new materials and surgical robotics technologies. Hainan Guoxie and Qionghai City government reached preliminary agreement to bid for the usage of nearly 574,080 sq ft of land around Hope City for the construction of a Contract Development and Manufacturing Organization (CDMO) medical industrial park. The Company anticipates making a more detailed public announcement of the land use right purchase information in about one month’s time.

Pursuant to the Hope City Agreement, the planned MHUA medical R&D center will carry out the research and development of stem cell to human targeted therapies and rehabilitation training projects.

Presently, Hope City is the only special medical parkin China, which was approved by China State Council in 2013 and offers a series of special policies such as “licensed medical treatment, licensed research, licensed operation and licensed international medical technology exchange,” and is a key project for the construction of the Hainan Free Trade Port. At present, there are 20 medical institutions involved in more than 10 projects under construction or planned in the pipeline, with 51 medical academicians forming the expert advisory team. In addition, Hope City has established cooperation with 30 of the top international pharmaceutical and medical devices enterprises, serving as one of the main channels for the importation of innovative products into China. The volume of licensed medicines and medical devices imported has exceeded 200 categories, effectively facilitating the advancement of medical technology, devices and medicine development in China to catch up with the international market.

MHUA’s project is highly valued by the local government of Hope City, who recently paid a special visit to the Company’s headquarters. Mr. Liu Yongjun, chairman of MHUA, commented: “Hainan has many advantageous conditions as China’s national free trade port, which will provide many convenience for MHUA’s products exporting to foreign markets, new product research and development, and taxation, among other things. It is a great honor for us that Qionghai City and Hope City selected the Company as one of the contracted companies to promote medical industry projects locally. MHUA will strive to improve the level of intelligence, information technology, digitalization and innovation, and accelerate the transformation and upgrade of our business, in order to promote the Company’s high-quality development and create sustainable value for our shareholders.”

About Meihua International Medical Technologies Co., Ltd.

Meihua International Medical Technologies is a reputable manufacturer and provider of Class I, II and III disposable medical devices with operating subsidiaries in China. The Company manufactures and sells Class I disposable medical devices, such as eye drop bottles, medicine bottles and anal bags, and Class II and III disposable medical devices, such as identification tape, gynecological examination kits, inspection kits, surgical kits, medical brushes, medical dressing, masks, disposable infusion pumps, electronic pumps and puncture kits, which products are sold under its own brands and also sourced and distributed from other manufacturers. The Company has received international “CE” certification and ISO 13485 system certification and has also registered with the FDA (registration number: 3006554788) for more than 20 products. The Company has served hospitals, pharmacies, medical institutions and medical equipment companies for over 30 years, providing more than 800 types of products for domestic sales, as well as 120 products which are exported to more than 30 countries internationally across Europe, North America, South America, Asia, Africa and Oceania. For more information, please visit www.meihuamed.com.

Forward-Looking Statements

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 performance, 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, and its ability to fully execute on the planned agreement, the Company’s future business development and plans of future business development, including its ability to successfully develop robotic assisted surgery systems and obtain licensure and certification for such systems, 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 in China, 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, including under the section entitled “Risk Factors” in its annual report on Form 20-F, as filed with the SEC on July 29, 2022, 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:

Janice Wang
Wealth Financial Services LLC
Phone:
+86 13811768599
+1 628 283 9214
Email: services@wealthfsllc.com

 

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Is interactive technology fostering a healthy lifestyle?

Digital fact can make improvements to training by providing college students with experiences that would usually not be probable. Image courtesy of Getty Illustrations or photos

Bringing true and digital worlds collectively, augmented reality (AR) and virtual fact (VR) incorporate video, auditory and sensory parts to generate interactive encounters that engage, teach and entertain customers. 

Although they may audio related, AR and VR are different in that AR intertwines with a true-environment setting while VR replaces it with a thoroughly immersive, simulated setting. 

Yingying Chen, department chair and professor of electrical and personal computer engineering at Rutgers University, defined that these fields are expanding at an exponential price.  

“The market dimension is envisioned to get to $162.71 billion by 2025, with an annual advancement fee of 46{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f},” Chen said. “The booming entertainment industry and swift penetration of the online act as the important motorists of the AR/VR business.”  

AR/VR technologies are owning constructive impacts on lots of sectors, including the health and fitness treatment market. Image courtesy of Getty Illustrations or photos

Expanding Our Horizons 

AR/VR systems are acquiring constructive impacts on lots of sectors, such as interaction, education and learning, searching and tourism, Chen described. 

“For instance, AR/VR offered a wonderful alternate for physical human interaction all through the COVID-19 pandemic,” she stated. “Many persons were quarantined for months on end, and virtual conversation was able to have interaction people today in human interaction. This is advantageous for culture as a total since it means that even though we are not physically with some others, we can still see other people today and hear their voices.” 

Digital truth can enhance education and learning by offering students with ordeals that would otherwise not be feasible, Chen pointed out. These chances foster innovative contemplating, make lessons extra memorable and enable the college students to find out much more successfully. 

Likely beyond the classroom, Chen said she envisions that, shortly, a user will be able to get hold of in-keep activities, get pleasure from virtual actuality travels, grasp summary course concepts and attain hands-on working experience in a remote and immersive vogue.  

Quick improvements in AR/VR approaches provide about new problems these kinds of as addiction, despair as perfectly as security and knowledge security problems. Photograph courtesy of Getty Pictures

Triggers For Concern 

Regardless of their myriad strengths, these innovative systems are not without the need of their downsides. 

Chen pointed out that speedy breakthroughs in AR/VR strategies bring about new troubles this sort of as digital fact sickness (equivalent to movement illness), habit, melancholy as properly as safety and info safety worries. 

“Among these difficulties, privacy leakage is considered one of the most critical concerns,” Chen said. “A user’s privacy is at possibility due to the fact AR/VR systems can see and hear what the person is doing. The constructed-in sensors acquire a great deal of details about who the consumer is and what they are performing. For occasion, an adversary could snoop on sensitive data in the course of AR/VR voice communications these kinds of as credit card quantities and private wellness care/bank transaction info. The personally identifiable information and facts of headset wearers this sort of as gender and identities could be leaked to the adversary, which may be leveraged for specific advertising and fraud.”  

As several people acquire AR/VR presents, these kinds of as headsets (Oculus Quest 2, HTC VIVE Pro, PlayStation VR, etcetera.) and online games (Blade and Sorcery, Spending plan Cuts, Danger Goat, Everybody’s Golf VR), it is critical that close consumers defend their privateness, Chen cautioned. 

How really should AR/VR customers limit their danger? 

“First, the person must avoid disclosing any information and facts that is also own or doesn’t need to be disclosed, such as the credit score card selection, social security selection and birthday,” she claimed. “Second, the buyers could evaluation privateness policies of the AR/VR methods they are working with. It is uncomplicated occasionally to skip around prolonged info privacy policies or phrases and situations, but it is really worth trying to find out how the companies behind AR and VR platforms store your data and what they do with it. For instance, are they sharing your movement sensor facts, likely encoding sensitive speech and speaker details with third parties? 3rd, it is important to preserve firmware of AR/VR units up to day. The updates of the firmware may possibly assist to patch stability flaws.” 

It is feasible that some people will want to ‘live’ in a digital planet in its place of the true one as this know-how gets more mainstream. Photo courtesy of Getty Illustrations or photos

Psychological Wellness Impacts 

Even though exploration conclusions propose that AR/VR game titles have positive impacts on cognitive, motivational, psychological, social growth and enhancement of each discovering and coaching responsibilities, other researchers argue that the use of AR/VR technologies could guide to distraction, rest designs disruption, cardio-metabolic deficiencies and obesity in youngsters. For grownups, major wellness problems come up from the overuse of AR/VR units, which could result in digital reality sickness, dependancy and despair. 

“Similar to other media addictions, individuals could be addicted to AR/VR systems,” Chen mentioned. “Based on a latest review, VR gaming habit inclination is 44{bf0515afdcaddba073662ceb89fbb62b6b1bf123143c0e06b788e1946e8c353f} larger than the a single linked to Computer gaming.” 

It is also attainable that some people today will desire to “live” in a digital globe rather of the real a person, Chen extra, restricting their social interaction. 

As fascinating as AR and VR developments may be, as with all new technological know-how, end users need to progress with warning, weighing the rewards alongside the challenges. 

Liz Alterman’s work has been printed by The New York Situations, The Washington Write-up, Mothers and fathers magazine and extra. She life in New Jersey where by she enjoys reading through, crafting and failed makes an attempt at gardening.

This write-up initially appeared in the Winter season 2022 issue of Jersey’s Finest. Subscribe right here for in-depth access to everything that would make the Backyard garden Point out great.