October 11, 2017 - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) has received notice from the Eurasia Patent Office that it will grant Clean Seed its patent in the designated contracting states from which Clean Seed has the option of selecting. The decision to grant the patent covers Clean Seed’s individual point, high resolution and variable rate seeding innovations (the “High Resolution Patent”). The patent will protect Clean Seed’s value proposition on its SMART Seeder™ technology and CX-6 SMART Seeder™ in the designated contracting states. This announcement builds upon our release dated October 4, 2017 where we announced receiving notice of patent grant from the European Patent Office. The European and Eurasian Patent Offices manage different designated contracting states.
The Eurasian Patent Office manages the review process for 8 European and Asian countries including significant agriculture equipment marketplaces of Russia, Kazakhstan and Belarus. The Eurasian member countries account for 6% of global crop production, 9% of global crop acres dedicated to crop production and 5% of global planting and seeding equipment sales.
We further note that our patent application announced April 11, 2017 is for a set of new SMART Seeder innovations that are in addition to our High Resolution Patent. These new innovations are complementary to our High Resolution Patent but are separate and distinctly identifiable.
The Company also announces that during September 2017, 821,000 options were granted to its Directors and Officers and 210,000 options were granted to its employees. All options granted are exercisable into common shares at $0.40 for a term of five years.
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
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. Accordingly, there is no assurance the manufacturing and sales targets outlined herein will be met; 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.