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Enter Symbol
or Name
USA
CA



Clean Seed Capital Group Ltd
Symbol CSX
Shares Issued 55,008,500
Close 2018-07-12 C$ 0.48
Market Cap C$ 26,404,080
Recent Sedar Documents

ORIGINAL: Clean Seed to acquire Harvest International

2018-07-17 09:08 ET - News Release

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File: Clean%20Seed_Aquisition%20Press%20Release_CDN%20BUS_final.pdf

  


FOR IMMEDIATE RELEASE
         Clean Seed signs agreement for the strategic acquisition of Harvest International,
            expanding precision agriculture innovations to the North American market
          Canadian seeding and planting technology leader launches into North American market
Vancouver, British Columbia (July 17, 2018)   Agricultural equipment innovator Clean Seed Capital
Group Ltd. (TSX-V: CSX) has signed an agreement to strategically acquire leading U.S. 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 CEO 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 their 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, creators of the revolutionary CX-6 SMART SeederTM, is already disrupting the Canadian seeder
market with their leading-edge seeding equipment technology.
"This strategic acquisition is best described as a merger of two cutting-edge technology pioneers of the
agricultural industry," 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. We are the creators of the world's first and
only award winning SMART SeederTM technology, which is secured by our portfolio of intellectual property.
Our CX-6 SMART SeederTM 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.
Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX".
http://www.cleanseedcapital.com.
                                                     -30-
For more information, contact:
Noel Lempriere
Vice President, Marketing, Clean Seed Capital               Bryn Lukowiak
Group                                                       Public Relations, AdFarm
250-574-6635                                                403-966-8373
nlempriere@cleanseedcapital.com                             Bryn.lukowiak@adfarmonline.com




  
 


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