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Government Of Canada invests an additional $425,000 into Clean Seed (TSX-V: CSX) for combined investment contribution of $2,250,000

Posted on Nov 28, 2016 by Clean Seed Capital


November 28, 2016 – Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) – announces an additional investment of $425,000 from the Government of Canada in a strong show of support for our CX-6 SMART Seeder™ development and commercialization initiatives.  This investment is in addition to the $1,825,000 contribution made on August 4th, 2016, bringing the Government of Canada available investment to date to $2,250,000.
 
******************** Government of Canada News Release ********************

From the Western Economic Diversification Canada release dated November 25, 2016. Western Innovation Initiative funding helps companies quickly move their ideas to market.

The Canadian agriculture sector gets a boost today though the Government of Canada’s investment of $425,000 to further develop and commercialize an innovative no-till seeding system, the CX-6 SMART Seeder. The funding was announced by the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada.

Federal funding will enable Clean Seed Agricultural Technologies Ltd. to further develop the equipment using patented technology that will significantly enhance application control, reduce the over-application of fertilizer and pesticides, and lower fuel usage and input costs.

While the company is headquartered in Burnaby, British Columbia, testing will be conducted in Saskatchewan and the equipment will be manufactured in Manitoba.

The federal contribution will be matched by Clean Seed Agricultural Technologies Ltd.

This investment is one of several successful projects to be announced under the Western Innovation (WINN) Initiative. The program provides $100 million in repayable contributions to small- and medium-sized companies in Western Canada. Eligible companies can apply for funding to support activities that move ideas to market more quickly.

"Clean Seed Agricultural Technologies Ltd. is an innovative leader in the development of advanced precision agricultural equipment aimed at modernizing and streamlining farm operations. The Government of Canada's investment in companies like this will generate growth in Western Canada and provide jobs for skilled workers."

- Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Western Economic Diversification Canada

"We would like to express our appreciation to the Government of Canada for supporting the advancement and distribution of the CX-6 SMART Seeder. The continued support by the federal government over the years has played an important role in our evolution. We proudly welcome the financial support to launch our Canadian designed and developed CX-6 Smart Seeder domestically and internationally."

- Graeme Lempriere, Chief Executive Officer, Clean Seed Capital Group Ltd.

*****************End of Government of Canada News Release ******************
 
About Clean Seed Capital Group
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX". 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, which is an industry first!
 
The ground-breaking CX-6 SMART Seeder creates a new niche within the large-scale farm equipment market.
 
For further information please contact Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com

Germination Magazine: Advancing Innovation - Innovations in seeders and sorters are driving the industry forward.

Posted on Nov 14, 2016 by Clean Seed Capital

ADVANCING INNOVATION

Improvements in technology and equipment are happening all the time in the seed sector. Innovations in seeders and sorters are driving the industry forward.

November 9, 2016 | Mark Halsall

Every so often, technological innovations come along that have the potential to revolutionize industry practices. The makers of the CX-6 Smart Seeder are confident their machine holds such promise.

“It’s fairly disruptive technology,” says Colin Rosengren, who helped design the seeder. “It’s a big leap — like when the first air drill was created and took over from diskers and drills.”

Rosengren is a director with Clean Seed Agricultural Technologies Ltd. based in British Columbia. He says each of the six openers on the CX-6 has wirelessly controlled meters that allow the operator to deliver precise amounts of seed and inputs to maximize efficiency and yield while reducing costs.

The seeder uses prescription maps to deliver crop enhancement products where they’re needed most. The result, according to Rosengren, is “very controlled metering on a foot-by-foot level of each individual product.”

He says farmers can be more responsible with fertilizer usage, because it eliminates over-application in areas, such as headlands. It also helps optimize return on investment for inputs. Micronutrients typically only need to be applied in certain areas, Rosengren says, and the CX-6 can apply them at the right rate and in the right spots.

He describes the CX-6 as a new class of seeder not because of its precision, but its capacity to deliver multiple products. “We have up to six product capabilities, versus a planter that can only do one product,” he says.

The federal government is supporting the CX-6 with an investment of $1.8 million to Clean Seed Agricultural Technologies. The funding, which comes from the AgriInnovation Program, will help build more production models of the CX-6, as well as upgrade the production line.

“This technology represents a new step forward in precision, no-till farming,” says Terry Beech, Parliamentary Secretary to the Minister of Science.

The CX-6 Smart Seeder is at the forefront of innovation in seeding technology. Photo: Clean Seed Capital Group.


For full article click here 


 

Clean Seed Capital Group Ltd. (TSX.V: CSX) – Fundamental Research Report Reveals Buy Rating - Potential to Revolutionize Seeding and Planting Globally

Posted on Nov 9, 2016 by Clean Seed Capital


Potential to Revolutionize
Seeding and Planting Globally



Fundamental Research Corp - Report Highlights:
 

  • We are initiating coverage on CSX with a BUY rating and a fair value estimate of $1.90 per share.
  • Clean Seed Capital Group Ltd. (“company”, “Clean Seed”, “CSX”) has developed a group of patented and patent pending smart seeding and planting technologies that, we believe has the potential to revolutionize how farmers conduct seeding and planting operations globally.
  • Growing demand for food and declining arable land in the world are increasing the importance of enhancing agricultural productivity. Clean Seed is focusing on a segment that has lacked modernization and technological advancements.
  • The company commercialized its flagship product this year – a 60 foot wide wireless seeding machine named CX-6 Smart Seeder. Initial sales totaled $1.05 million. The CX-6 Smart Seeder is considered to be the world’s most advanced seeding technology.
  • We estimate that a 10% market share in the seeding belt of the U.S. and Canada alone reflects potential for annual revenues of $180 million from the CX-6 Smart Seeder product line. The company has plans to grow globally and use its patented, and patent pending technology, to enter other segments of the agricultural industry, including the planting equipment market.
  • Distribution and manufacturing agreements with reputable third-parties in place.
  • CSX’s management team consists of individuals with extensive experience in farming and heavy equipment sales. Research and development (“R&D”) and technological innovations are their primary focus.
  • We believe the company’s biggest upside comes from potential M&A activities and/or to attract one or more majors to license its technology, allowing for rapid global expansion.
  • Relatively healthy balance sheet with no debt.

 

*see back of report for rating and risk definitions


About Clean Seed:

We have 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 advanced and innovative technology is the CX-6 SMART Seeder™, a true industry first. The CX-6 SMART Seeder™ is the next generation of seeding technology that creates a new niche within the large-scale farm markets, and as the creators of this technology, we are uniquely positioned to dominate this new market niche.

Fundamental Research Corp. Initiates Coverage of Clean Seed Capital Group (TSX-V: CSX)

Posted on Nov 7, 2016 by Clean Seed Capital


November 7, 2016 – Vancouver, British Columbia – Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) – The Company is issuing this news release to replace that news release of November 2, 2016, which was issued in error.  The Company announces that Fundamental Research Corp., an independent research firm specializing in the small-cap and micro-cap sectors, has initiated coverage of Clean Seed Capital Group Ltd. and has published its first report.  That report can be found on Fundamental Research Corp.’s website at www.researchfrc.com.

About Fundamental Research Corp.

Since 2003, Fundamental Research Corp. (“Fundamental Research Corp.” or “FRC”) has provided the highest institutional quality equity research coverage on over 250 small and micro-cap public companies through our extensive distribution network.  Since 2009, they have also issued over 80 reports on exempt market securities. Their research is being used by some of the largest institutional investors in the world who access it through channels such as Reuters, Capital IQ, the Globe and Mail, and by subscription. 

Fundamental Research Corp. is ranked in the Top Ten in independent third party evaluations of research, and they have developed a reputation for producing high quality research.

FRC does not undertake to advise you as to changes in figures or their views. This is not a solicitation of any order to buy or sell. Fundamental Research Corp. is not a market maker and does not sell to or buy from customers on a principal basis. The research findings are the opinion of Fundamental Research Corp. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. Analysts and members of their research department are prohibited from buying or selling securities issued by the companies that Fundamental Research Corp. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an analyst or member of the research department may sell such securities after obtaining expressed written permission from their compliance department. As of the date of this report no Fundamental Research Corp. employees had a position in the stock of Clean Seed.

All research issued by Fundamental Research Corp. is based on public information. Fees were paid by Clean Seed to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, analysts may not trade in any security under coverage. FRC has full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, Clean Seed has agreed to a minimum coverage term including four reports.

About Clean Seed Capital Group Ltd.

The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX". 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, which is an industry first!

The ground-breaking CX-6 SMART Seeder creates a new niche within the large-scale farm equipment market.

For further information please contact Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com

ON BEHALF OF THE BOARD

“Graeme Lempriere”

President, CEO

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.