Mr. Graeme Lempriere reports
CLEAN SEED SIGNS AGREEMENT FOR THE STRATEGIC ACQUISITION OF HARVEST INTERNATIONAL
Agricultural equipment innovator Clean Seed Capital
Group Ltd. has signed an agreement to strategically acquire leading United States planting equipment
manufacturer Harvest International, uniting the two family-run companies in a transformational event for
the future of precision agriculture technology in North America.
"Following the granting of Clean Seed patents in the United States, we sought to find a synergistic industry
partner with respected roots in the U.S. who would position us for accelerated growth and innovation,"
says Graeme Lempriere, president and chief executive officer of Clean Seed. "Their industry experience, proven technology
and aligned core values made Harvest International the perfect fit. We collectively recognize the significant
opportunities to cross-pollinate our robust and industry-leading intellectual property portfolios in the North
American seeder market and planter markets and around the world."
The acquisition supports Clean Seed's mission to remain at the forefront as pioneers of the digital age of
agriculture, facilitating real progress for the farmer and food production as a whole. Through innovations in
seeding and planting technology, Clean Seed aims to assist farmers in achieving more accurate seed and
input placement, more efficient operations, and increased yields.
In addition to a strong lineup of industry leaders on its management team and a robust technology
pipeline, Harvest International has a sophisticated 75,000-square-foot manufacturing facility and head
office in Storm Lake, Iowa.
"Harvest International has a proud history of farmer-focused innovations in agricultural manufacturing and
intellectual property development," says Byron Friesen, president of Harvest International. "This acquisition
allows us to grow and join forces with a like-minded tech-forward company to deliver innovations not yet
seen by North American farmers."
Clean Seed, creator of the revolutionary CX-6 SMART Seeder, is already disrupting the Canadian seeder
market with its leading-edge seeding equipment technology.
"This strategic acquisition is best described as a merger of two cutting-edge technology pioneers of the
agricultural industry," Mr. Lempriere says. "We look forward accessing an extensive U.S. market and
community as well as executing on future plans to bring proven planter technology north into Canada. The
combination our of strong intellectual properties and innovative technologies opens the door to provide
significant marketplace advantage for Clean Seed."
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. Clean Seed is the creator of the world's first and only award-winning SMART Seeder technology, which is secured by the company's portfolio of intellectual property. The company's 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.
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