June 13, 2023 - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) is pleased to announce the successful completion of the next phase of commitments within the MOU with Mahindra & Mahindra Limited (“Mahindra”) announced February 13, 2023.
Clean Seed and Mahindra recently completed the development, production, and assembly of the first pre-production MINI-MAX™ Alpha units for India. This milestone highlights the commitment of both parties to deliver SMART Seeder™ technologies with specifications required for its customer base in the region.
A pre-production MINI-MAX™ Alpha unit was dispatched to various farms in the Punjab and Haryana region to complete the final stage of trials with the Northern Farmer Mega FPO. These conclusive trials were a complete success while focusing on direct seeding rice, one of India’s leading crops. MINI-MAX™ is positioned to address wheat, rice, maize, pulses and millets which makes up the bulk of the Indian crop production.
In addition, the validation processes, successes, and stability of our technology has allowed for the pre-production MINI-MAX™ to continue to be operated by the FPO without on-ground support from Clean Seed or Mahindra.
We are also proud to announce that from June 15, 2023, to June 17, 2023, Canada’s Agriculture Minister, The Honourable Marie-Claude Bibeau, is travelling to India for the upcoming G20 Agriculture Minister’s Meeting in Hyderabad. Following her visit to Hyderabad, the Minister will be attending a MINI-MAX™ demonstration at an on-farm site in Sonepat, outside of Delhi.
Chairman and CEO of Clean Seed, Graeme Lempriere, states:
“The completion of this phase of our MOU with our esteemed partner Mahindra & Mahindra demonstrates our mutual vision, commitment, and ambitions to have a meaningful impact on the global agriculture system.
I would like to again thank the Canadian Provincial and Federal Governments and Agencies, our shareholders, and the farming community for your support, as well as all the parties on the ground in India that have worked tirelessly to bring this opportunity to fruition. Our experiences in India to date has been tremendous.”
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.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” as defined under applicable Canadian securities legislation. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information, and the words “anticipate”, “estimate”, “believe”, “continue”, “could”, “expects”, “intend”, “plans”, "postulates", "predict", “will”, “may” or similar expressions suggesting future conditions or events or the negative of these terms are generally intended to identify forward-looking information. 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. 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.