The project, which will support more than 100-jobs in year-one, is a breakthrough in the Canadian agricultural industry with British Columbia's Clean Seed and Manitoba's WS Steel joining forces to manufacture 100 units of the world's only SMART Seeder over a 3 year period.
Vancouver, B.C. - April 23, 2015 - Clean Seed Capital Group Ltd. (the “Company”) or “CSC” (TSXV: CSX), today announced that it has finalized its agreement with WS Steel to manufacture its award winning CX-6 SMART Seeder in Steinbach, MB.
Under the terms of the agreement WS Steel is investing significant capital and resources in production design and engineering to prepare its 150-thousand square-foot facility to manufacture and assemble the CX-6 SMART Seeders from start to finish.
"This is a major step forward into the future of farming. We have harnessed the power of technology to allow the farmer to realize the benefits of todays advanced agronomy”, said Graeme Lempriere, CEO of Clean Seed Capital. "Working with WS Steel, we will be able to deliver our SMART Seeders to large-scale commercial farmers, allowing them to capitalize on precision high definition seeding in ways never before possible.”
The CX-6 SMART Seeder gives farmers the ability to deploy up to six products simultaneously to create pinpoint seeding perfection on every square foot of the 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 waste.
"We wanted a manufacturer that shared our values and vision for the advanced roll out of the 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 our ideal partner."
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 all scales of companies, from small family owned to Fortune-500.
“With our comprehensive and unique manufacturing capabilities, we are a great fit for manufacturing the CX-6 SMART seeders”, said Joe Waldner, President of WS Steel. “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."
The scope of the project may expand beyond the first 100 units with plans already in place to prepare for the production of more CX-6 SMART Seeder machines and development of alternative models for other markets.
About Clean Seed Capital Group Ltd.
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 is an industry first!
The ground-breaking CX-6 SMART Seeder creates a new niche within the large-scale farm markets. 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
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.
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