Vancouver, British Columbia - January 18, 2018 - Clean Seed Capital Group Ltd. (“CSX” or the “Company”) (TSXV: CSX), announces that it has received a purchase order with a retail list value of $9 million for its CX-6 SMART Seeder™ and SMART Cart™ from Rocky Mountain Equipment (“Rocky Mountain” or “RME”) (TSX: RME) for the upcoming seeding seasons. The purchase order is the result of the Company and RME’s joint demonstration program during 2017 across Western Canada. This order springboards the Company into full commercialization while providing a strong baseline allowing Clean Seed to pursue new market opportunities throughout the upcoming seeding season.
The Company is continuing to progress its sales and marketing program by working alongside with RME to present at trade shows and host on farm demonstrations of the CX-6 SMART Seeder™ across Western Canada. As a result, RME will have the option to increase the number of units within the purchase order based on the demand for the CX-6 SMART Seeder™ and may further adjust the number of units based on the feedback received from our mutual customers. With 35 retail locations throughout the Canadian Prairies, RME is Canada’s largest agriculture equipment dealer.
“We would like to express our appreciation to Rocky Mountain, its customers and its management for their continued support of Clean Seed and the CX-6 SMART Seeder™. Rocky Mountain, our flagship distributor, has played an important role in our evolution and the commercialization of the CX-6 SMART Seeder™. We have had a successful year partnering with RME to demonstrate our product in Western Canada with some of their most influential customers. This purchase order represents continued progress with RME and their customers in our commercialization activities. We proudly welcome this opportunity to increase our customer adoption of the CX-6 SMART Seeder™ with Rocky Mountain” said Colin Rush, Chief Operating Officer of Clean Seed.
About Clean Seed Capital Group Ltd.
Clean Seed is driving technology development in modern agriculture by rapidly designing, patenting and producing highly advanced seeding and planting technologies. We are the creators of the world’s first and only award winning SMART Seeder™ technology, which is secured by our portfolio of intellectual property.
Our CX-6 SMART Seeder™ has set the seeding equipment benchmark by enabling true execution of high resolution seeding prescriptions at each square foot of the field to suit soil conditions and fulfill agronomist recommendations, an industry first!
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX". 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
Chief Executive Officer and President
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. Specifically, the demand for CSX’s equipment is largely dependent on user acceptance, such that there is no assurance the sales orders outlined herein will be met in whole or in part; 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.