Vancouver, British Columbia – May 26th, 2016 – Clean Seed Capital Group Ltd. (the “Company” or “CSC”) (TSXV: CSX). Clean Seed Capital is rooted in intellectual property security and expansion, ongoing R&D, and commercial production of the world’s most advanced seeding technology. Since the first SMART Seeder™ rolled off the line in front of a capacity crowd at our launch event last month, I am pleased to report that we have commenced sales, allowing us to generate greater shareholder value.
In recent weeks, thanks to strong execution by our team and ongoing support from our partners and colleagues, we have made clear progress toward achieving our mission of making Clean Seed a premier innovative agricultural technology company. Here are some notable highlights from the first quarter of 2016:
- We delivered the first two SMART Seeders™ as the initial part of a larger order commitment to our retail distribution partner, Rocky Mountain Equipment, and received prompt payment of $1,050,000. The Rocky team will kick off an extensive demonstration program, a fundamental element of our collaborative sales-generation strategy, at the 2016 Ag in Motion show July 19 – 21. At this unique event the CX-6 SMART Seeder™ will be performing live seeding and operational demonstrations to an anticipated audience of over 10,000 attendees during the 3 days along with the support of Rocky Mountain Equipment’s AOS specialists.
- Members of the federal government visited the WS Steel production facility where our partners have made tireless efforts to bring the CX-6 SMART Seeder™ to full production. After touring WS Steel with Interim Federal Conservative Party Leader, the Right Honourable Rona Ambrose, MP Ted Falk said, “The CX-6 is absolutely going to have the ability to bring significant change to the way cropping is done, not only in Canada, but North America and I suspect across the world.” We recognize the immense time and capital required to bring this technology to production and commend all involved as we make ongoing refinements to prepare for higher volumes.
- We have strengthened our intellectual property portfolio with two additional patent applications filed on April 4th 2016 over and above our core patent assets. These patent files further expand on a number of the technological features and advantages of the CX-6 Smart Seeder. Torque optimization process controls, on-demand supply systems and other related applications all add to the depth of our IP value and security.
As we continue production of the CX6 SMART Seeder™, all of us at Clean Seed are grateful for the ongoing confidence and support of our partners and shareholders. The actions we take and business decisions we make all focus on securing the success of the CX-6 SMART Seeder™ and related IP value propositions. We remain dedicated to maximizing shareholder value as we continue to evaluate synergistic opportunities that will accelerate growth.
About Clean Seed Capital Group
The common shares of Clean Seed 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.
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.
