President & CEO Graeme Lempriere joins James West for a discussion that primarily focuses on Clean Seed Capital's most recent achievements spanning large scale manufacturing agreements with WS Steel and broad distribution agreements with 2 of the largest agricultural equipment vendors in Canada, Rocky Mountain Equipment & Cervus Equipment and how these agreements carry extremely positive momentum for Clean Seed going forward.To open the full article click here!
The partnership will see British Columbia-based Clean Seed and Manitoba-based WS Steel pooling their resources to manufacture 100 units of the world’s only CX-6 SMART Seeder over a three-year period. With more than 100 jobs expected to be supported over the first year alone, the project is an exciting prospect for manufacturing workers struggling in Canada’s stubbornly weak economy.
The CX-6 SMART Seeder allows farmers to deploy up to six products simultaneously, creating pinpoint seeding perfection on every square foot of the field, resulting in substantial economic benefits through higher yields, site specific management, overlap elimination, improved seed handling and limited waste. “This is a major step forward into the future of farming,” says CEO of Clean Seed Capital Graeme Lempriere. “We have harnessed the power of technology to realize the benefits of today’s advanced agronomy. Working with WS Steel, we will be able to deliver our SMART Seeders to large-scale commercial farmers, allowing them to capitalize on precision high-definition seeding in ways never before possible.”
A Tradition of Pioneering Agriculture Technology
As impressive as the CX-6 SMART Seeder is, it’s only the latest in a line of technological advances pioneered by Clean Seed. Their CX-6 Smart Seeder, which uses wireless technology to communicate with mapping and commands from the tractor using a tablet, was awarded the people’s choice award for innovation at Canada’s most recent Farm Progress Show, the largest ag show in the country. Further still, it was at 2013’s Farm Progress Show that Clean Seed first introduced their company to the mainstream agricultural market. That year, they turned heads with their CX-6 Smart Seeder Drill, which was immediately distinguished from other drills as the first “multi-product, single-pass wireless seeder” – an achievement that was recognized with the company’s first people’s choice award for innovative agricultural technology.
Yet, even in comparison to these past achievements, the advances made by the SMART Seeder are expected to stand out as truly next generation technology, placing Clean Seed in an admirable position to soon dominate the rapidly evolving agriculture market. As a Tier-1 manufacturer with a 25-year history working in the agricultural equipment manufacturing sector, their partner on the SMART Seeder is likely to further improve the company’s outlook.
Drawing on Past Experience for Industry-Leading Innovation
The terms of the agreement see WS Steel investing significant capital and resources in production design and engineering, setting up their 150-thousand square-foot facility to fully manufacture and assemble the CX-6 SMART Seeders. “We wanted a manufacturer that shared our values and vision for the advanced roll out of the CX-6 SMART Seeder,” says Lempriere. “With a combination of Fortune 500 Ag equipment experience, turnkey scalability, cost-effectiveness and technological expertise, WS Steel is our ideal partner.”
Advances in efficiency and productivity through technology are only expected to become more pronounced in agriculture over the coming years, and as an industry-leader, this will likely mean exceptional growth for Clean Seed – and tremendous value for its shareholders. With a tradition of innovation to back them up, it’s safe to say that many experts in agriculture and technology alike will be looking to Clean Seed to get a sense of where the farming sector is headed in the years to come.
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Clean Seed Capital and WS Steel to Manufacture 100 Canadian Made CX-6 Smart Seeders for Large-Scale Commercial Farming
The project, which will support more than 100-jobs in year-one, is a breakthrough in the Canadian agricultural industry with British Columbia's Clean Seed and Manitoba's WS Steel joining forces to manufacture 100 units of the world's only SMART Seeder over a 3 year period.
Vancouver, B.C. - April 23, 2015 - Clean Seed Capital Group Ltd. (the “Company”) or “CSC” (TSXV: CSX), today announced that it has finalized its agreement with WS Steel to manufacture its award winning CX-6 SMART Seeder in Steinbach, MB.
Under the terms of the agreement WS Steel is investing significant capital and resources in production design and engineering to prepare its 150-thousand square-foot facility to manufacture and assemble the CX-6 SMART Seeders from start to finish.
"This is a major step forward into the future of farming. We have harnessed the power of technology to allow the farmer to realize the benefits of todays advanced agronomy”, said Graeme Lempriere, CEO of Clean Seed Capital. "Working with WS Steel, we will be able to deliver our SMART Seeders to large-scale commercial farmers, allowing them to capitalize on precision high definition seeding in ways never before possible.”
The CX-6 SMART Seeder gives farmers the ability to deploy up to six products simultaneously to create pinpoint seeding perfection on every square foot of the field. Farmers will see large economic gains from this new technology through higher yields, high resolution site specific management, seed and fertilizer optimization, overlap elimination, improved seed handling and placement, and logistics management; all while limiting waste.
"We wanted a manufacturer that shared our values and vision for the advanced roll out of the CX-6 SMART Seeder”, added Lempriere. “With a combination of Fortune 500 Ag equipment experience, turnkey scalability, cost effectiveness and technological expertise; WS Steel is our ideal partner."
WS Steel is a Tier-1 highly automated, sophisticated manufacturer with a 25 year history working in the agricultural equipment manufacturing sector as a component and final assembly provider for all scales of companies, from small family owned to Fortune-500.
“With our comprehensive and unique manufacturing capabilities, we are a great fit for manufacturing the CX-6 SMART seeders”, said Joe Waldner, President of WS Steel. “It's a remarkably innovative product that we feel will alter the future of farming and we're proud to be a partner in this important initiative."
The scope of the project may expand beyond the first 100 units with plans already in place to prepare for the production of more CX-6 SMART Seeder machines and development of alternative models for other markets.Why Clean Seed chose WS Steel as our manufacturing partner
About Clean Seed Capital Group Ltd.
Clean Seed Capital Group Ltd is at the forefront of an agricultural shift to unparalleled high definition seeding technologies.
Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most recent ground breaking achievement is also our most advanced and innovative to date: The award winning CX-6 SMART Seeder is an industry first!
The ground-breaking CX-6 SMART Seeder creates a new niche within the large-scale farm markets. The common shares of Clean Seed are listed on the Toronto Venture Stock Exchange and trade under the symbol "CSX".
For further information please contact Clean Seed Capital at 604-566-9895 and visit our website at http://www.cleanseedcapital.com
ON BEHALF OF THE BOARD
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” as defined under applicable Canadian securities legislation. Forward-looking statements herein include, but are not limited to, statements with respect to the future manufacture and sale of equipment. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, there is no assurance the manufacturing and sales targets outlined herein will be met; and readers should not place undue reliance on forward-looking statements. Clean Seed disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Big firms want to make sure they don’t miss out on cutting-edge tools for food formulation, pest prevention
Agribusiness giants are sowing their own venture-capital seeds.
Biotech seed producers Monsanto Co. and Bayer AG are among the companies that recently established or expanded investment units to fund new agricultural ventures. As a wave of entrepreneurial vigor sweeps the Farm Belt, the companies want to ensure they don’t miss out on cutting-edge tools for food formulation and pest prevention, the companies say.
Geoff Kneen, head of North America new ventures for Bayer’s agriculture unit, said the company sees venture-capital investing as a means to adapt innovation from aerospace and other sectors that could help harness huge quantities of newly available data about food production.
Bayer in February formed a new $150 million fund focused on agricultural technology with investment firms Finistere Ventures and AVAC Ltd. Mr. Kneen said his company put up a minority portion of the money and attracted partners because it assured them that their startups would be able to target a large market quickly by tapping Bayer’s scientific and sales infrastructure.
“The technological landscape is changing,” he said. “Our role will be to develop those technologies for the future of food production.”
Clean Seed Capital (TSX-V: CSX) signs distribution agreement with Cervus Equipment Corp. (TSX: CVL) for North Central Saskatchewan.
Vancouver, British Columbia – April 8th, 2015 – Clean Seed Capital Group Ltd. (the “Company” or “CSC”) (TSXV: CSX), announces that it has entered into a Distribution Partnership Agreement with Cervus Equipment Corp. (“Cervus”) (TSX: CVL) Cervus has interests in 75 dealerships in Canada, New Zealand, and Australia. Over a three year renewable period starting in 2016, Cervus will manage exclusive sales areas with agreed-upon sales commitments for the Company’s CX-6 SMART Seeder™.
Both Companies foresee that by working together Clean Seed’s CX-6 SMART Seeder™ can be sold into the North Central Saskatchewan seeding equipment market as a leading, high technology, value added precision seeding unit. Cervus will provide commercial end use retail distribution of the CX-6 SMART Seeder™ to customers in North Central Saskatchewan. Click here for full news release
Financial Post - Agricultural Solutions - Investing in agriculture: Innovation is changing the face of farming.
Doing more with less on the farm is critical as producers become more acutely aware of the bottom line. As demand for agricultural commodities continues to rise, so does the cost of inputs including seed, fuel, fertilizer and pest control products. Finding the means to reduce costs while increasing production is a necessity.
Over the past five years, farmers have been able to keep pace with the increasing demand for food crops. However the global population is increasing by about 850 million people every 10 years. Add the demand for biofuels and other markets competing for grain products, and the pressure to further increase production is mounting, says Derek Squair, president, Agritrend Marketing of Regina. With limited land available for cultivation, increases in production will come from technology and equipment breakthroughs, he says.
A leader in the field is Clean Seed Capital (TSX.V: CSX), a Canadian Venture 50 company that has developed an innovative, high-precision seeding system. The company’s patented and patent pending CX-6 Smart Seeder will help farmers around the globe to increase yields and reduce input costs while improving sustainability.
“There have been technological advances all around us, but the most valuable component of agriculture has been left behind: that of high resolution input metering control and placement in the ground,” says Graeme Lempriere, Clean Seed’s president and chief executive officer. “Prairie seeding technology has remained relatively the same for 20 years. We are opening up a new era that incorporates the latest in wireless communication technology, GPS navigation, and micro-management of ground inputs including seed and nutrients.”
Sustainability is a major driver of innovation in agriculture and so is profitability, says Lempriere. “They must go hand-in-hand. And while it is not possible in every sector, it can be done in the field. Our technology is at the cornerstone of that union.”
Lempriere likens the CX-6 to a 60-foot-wide (18.2-metre) high-resolution printer that can deliver up to six products independently, and at different rates at every foot on the field. The technology correlates agronomic mapping data to introduce seed and individual product blends, in a no-till planting environment. “The system helps maximizes soil health, saves time and money, and can all be managed from a touch screen tablet,” he says.
Full-scale production of the CX-6 Smart Seeder, which retails for around $600,000, is expected to begin later this year in Manitoba. The system is sold through major agricultural distributors including Rocky Mountain Equipment. The first production run of 10 has already sold out.
While the initial launch is targeted to prairie farms with 1,500 acres and up under cultivation, market potential for the equipment reaches well beyond Canada’s borders. “There’s a great deal of growth potential,” notes Lempriere, “Our next big markets include the United States and Australia. Alternate versions of the system are being developed for smaller farm producers across North America, Europe and South America.”
As new technology changes the face of agriculture, it is becoming an emerging sector for investment. “Investors know how rapid advancements in technology and remote wireless systems have affected other industries and understand the effect it can have on agriculture,” says Squair. “Companies that develop easy to use technology are the game changers. Clean Seed has done just that and leapfrogged the competition. They are also ahead of the curve in client interaction. Producers are not dealing with bulky equipment or frequent breakdowns, can seed more quickly, and maximize the acreage they plant.”
Foreign investment coming into Canada is currently getting a lot of attention, Squair adds. “As breakthroughs in agricultural equipment are embraced, and production ramped up, we will see more of that investment shift to that area, especially from technologically advanced countries.”
Lempriere credits his team of agronomists, technologists, engineers and software experts for the success of the CX-6 Smart Seeder. “We have entered the digital age of agriculture,” he says. “We are a proud Canadian innovator and manufacturer helping a new generation of tech-savvy farmers move the sector into mainstream dialogue where investors will reap the benefits of an asset that is pioneering a new category in seeding technology.”
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