Clean Seed Capital (TSXV: CSX) Commences Production of its award winning CX-6 Smart Seeder for its 2016 order commitments
Vancouver, B.C. - August 18th, 2015 - Clean Seed Capital Group Ltd. (the “Company”, “Clean Seed” or “CSC”) (TSXV: CSX), announces that it has initiated the production of its award winning CX-6 SMART Seeder with WS Steel Manufacturing in Steinbach, MB.
"This is a major step forward for Clean Seed”, said Graeme Lempriere, CEO of Clean Seed. "Aligning with WS Steel has expanded our capabilities and expertise, allowing us to meet our 2016 targets while preparing to ramp up for increased sales volume in 2017 and beyond.”
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 companies of all scale, from small family owned to Fortune 500.
Under the terms of the agreement WS Steel has invested significant capital in production design and engineering to commence production of the award winning CX-6 SMART Seeder.
"This milestone marks the production launch of our initial purchase orders, in line with our plans for the roll out of our 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 proving to be our ideal partner."
The CX-6 SMART Seeder gives farmers the ability to deploy up to six products simultaneously to create pinpoint seeding precision on every square foot of their 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 inputs.
“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." said Joe Waldner, President of WS Steel. “With our comprehensive and unique manufacturing capabilities, we are excited to commence the manufacturing process of the CX-6 SMART Seeder.”
About Clean Seed Capital Group Ltd.
Clean Seed Capital Group Ltd is at the forefront of an agricultural shift by creating a new class of 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 award winning CX-6 SMART Seeder creates a new niche within the large-scale farming equipment markets, a true industry first!
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 forwardlooking 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.