February 23rd, 2023 - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) is pleased to announce it has received allowance for the grant of patent in Australia and provides an update on India.
Australia – Patent Approval
The Company has received allowance for the grant of patent in Australia for its flow control technology and has submitted the necessary filings to have the patent formally granted. Flow control is one of the core innovations in the Company’s on-demand air system for the SMART Seeder™ technology dovetailing the innovations and processes between the Company’s staged air transfer system and its variable ratio metering system. The on-demand air system is a significant piece of the SMART Seeder™ technology portfolio and a cornerstone to the variable rate metering technology in our seeding and planting equipment.
This regional expansion to the flow control patent family further strengthens our variable rate metering patent family, which effectively extends the overall duration of protection on the portfolio.
MINI-MAX™ India Update
Clean Seed is pleased to report our team is back on the ground in Haryana, India. Last year, members of our team successfully completed two phases of MINI-MAX™ trials. Both phases demonstrated our variable rate small grain seeding capabilities, significantly reduced input requirements and seeded into heavy residue with minimal ground disturbance which is a signature feature of our technology. These efforts resulted in strong yields in very challenging local conditions.
After the successful completion of these 2 phases our team is scheduled to demonstrate corn planting with MINI_MAX™ this coming week with our partners, Northern Mega farmers FPO, Mahindra Group, Mahindra’s Farm Equipment Sector (FES) and CU.
Graeme Lempriere, Chairman and CEO states: “Our MINI-MAX™ is designed to optimize crop production and address some of the critical challenges facing farming in India. Several challenges are at the forefront including limited availability of land and water, excessive tillage, broadcast fertilizer and flood irrigation, soil erosion, stubble management through residue burning, rising input costs, and labor shortages. MINI-MAX™ will undoubtedly usher in a new era of sustainable farming in India and around the world.”
We look forward to updating our shareholders in the coming months on the progress of our MOU with Mahindra and Mahindra Limited recently announced on Feb 13th 2023.
ON BEHALF OF THE BOARD
Chairman and CEO
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”.
We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at an incredibly high level. We pride ourselves as progress facilitators that turn solutions for modern agricultural problem into commercially viable products to fulfill new demand.
Clean Seed’s SMART Seeder MAX™ technologies are revolutionary seeding tools that utilize the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row variable rate technology at the forefront of agricultural innovation. Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer.
For further information please contact Clean Seed at 604-566-9895 and visit our website at www.cleanseedcapital.com.
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.