20:01:23 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Clean Seed Capital Group Ltd
Symbol CSX
Shares Issued 92,477,409
Close 2023-06-12 C$ 0.13
Market Cap C$ 12,022,063
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Clean Seed completes next phase of commitments in India

2023-06-13 12:38 ET - News Release

Mr. Graeme Lempriere reports

CLEAN SEED COMPLETES NEXT PHASE OF COMMITMENTS IN INDIA

Clean Seed Capital Group Ltd. has successfully completed the next phase of commitments within the memorandum of understanding with Mahindra & Mahindra Ltd. announced Feb. 13, 2023.

Clean Seed and Mahindra recently completed the development, production and assembly of the first preproduction 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 preproduction 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 make up the bulk of the Indian crop production.

In addition, the validation processes, successes and stability of the company's technology have allowed for the preproduction Mini-Max to continue to be operated by the FPO without on-ground support from Clean Seed or Mahindra.

Clean Seed is 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 coming 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 chief executive officer 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."

About Clean Seed Capital Group Ltd.

The common shares of Clean Seed Capital Group are listed on the TSX Venture Exchange and trade under the symbol CSX.

Clean Seed is a team of innovators and business management professionals with a proven record of game-changing innovation and production of patented agricultural technologies at an incredibly high level. The company prides itself as a progress facilitator that turns solutions for modern agricultural problems 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. Its innovations create a new class of highly accurate seeding equipment designed specifically for today's farmer.

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