(TheNewswire)
February 7th, 2024 – TheNewswire - Vancouver, BritishColumbia - Clean Seed Capital Group Ltd.(“ Clean Seed ” or the “ Company ”) (TSX-V: CSX) proudly announces thesigning of a definitive Technology License and Manufacturing Agreementwith Mahindra and Mahindra Limited (“Mahindra”) whereinMahindra will manufacture and distribute the SMART Seeder Mini-MAX™in collaboration with Clean Seed.
Following the establishment of the Memorandum ofUnderstanding on January 24 th 2023, Clean Seed and Mahindra have engagedin a steadfast and diligent collaborative process to develop andfinalize this comprehensive, worldwide, licensing, manufacturing andglobal supply agreement for the innovative SMART Seeder Mini-MAX™.
The primary objective of this strategic alliancetranscends mere business transactions; its overarching goal is tosignificantly influence the agricultural sector, starting with acommitment to India. Together, we aspire to establish economic andenvironmental performance benchmarks in agriculture by enhancingyields to tackle global food security challenges, reducing inputcosts, prioritizing water conservation, safeguarding agriculturalsoils from further degradation, and enhancing key environmentaloutcomes by eliminating extreme tilling and long entrenched stubbleburning practices.
Graeme Lempriere – Chief ExecutiveOfficer of Clean Seed states “It is with great pride that I announce the successful executionof our definitive agreement with Mahindra and Mahindra. Thecollaborative efforts with Mahindra and all stakeholders have beengenuinely inspiring. The unwavering commitment from both parties toconclude this agreement has charted a course that promises to make aprofound impact on the agricultural landscape both in India andglobally. We are honored to be part of this transformative journeyalongside the esteemed organization that is Mahindra. We extend ourheartfelt thanks to all the individuals involved on the ground inIndia and to our dedicated team at home, who have invested anextraordinary amount of time and effort to bring this agreement to adefinitive conclusion."
Kairas Vakharia – Senior VicePresident and Business Head – Farm Machinery, Mahindra &Mahindra Ltd. said “At Mahindra we are delighted topartner with Clean Seed, a leading seeding and planting technologyplayer in growing our farm machinery portfolio. Jointly developed andtested the SMART Seeder MINI-MAX™ is expected to drive input reduction andsustainable farming.
Mahindra’s Farm Equipment Sector (FES) part of theMahindra Group is the world’s largest tractor company by volume andowns India’s two largest selling tractor brands. With a presence inover 50 countries, Mahindra FES has technology centers in Japan,Turkey, Finland and India, with a wide range of tractors and a growingpresence in farm machinery for crops across the value chain.
Regards,
“ Graeme Lempriere ”
Graeme Lempriere
Chairman and CEO
About Clean Seed Capital Group Ltd.
We are a team of innovators and business managementprofessionals with a proven track record of game changing innovationand production of patented agricultural technologies at a high level.We pride ourselves as progress pioneers and facilitators that createsolutions to address agricultural problems by developing commerciallyviable products which improve agricultural outcomes. Clean Seed’sSMART Seeder technologies are revolutionary seeding and plantingplatforms that utilize the unique synergy of sophisticated electronicmetering and intuitive software control putting row-by-row variablerate technology at the forefront of agricultural innovation. Ourinnovations create a new class of highly accurate seeding equipmentdesigned specifically for today’s farmer scalable to reach allmarkets.
For further information please contact:
Graeme Lempriere
Chief Executive Officer
Email: glempriere@cleanseedcapital.com
For general inquiries contact us at info@cleanseedcapital.com . To learnmore about Clean Seed visit our website www.cleanseedcapital.com .
About Mahindra Group
Founded in 1945, the Mahindra Group is one of thelargest and most admired multinational federation of companies with260,000 employees in over 100 countries. It enjoys a leadershipposition in farm equipment, utility vehicles, information technologyand financial services in India and is the world’s largest tractorcompany by volume. It has a strong presence in renewable energy,agriculture, logistics, hospitality and real estate. The MahindraGroup has a clear focus on leading ESG globally, enabling ruralprosperity and enhancing urban living, with a goal to drive positivechange in the lives of communities and stakeholders to enable them toRise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribeto https://www.mahindra.com/news-room
Mahindra Media Contact Information
Arthur Serrao
Mahindra & Mahindra Ltd. – Farm Equipment Sector
Email – serrao.arthur @mahindra.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
Cautionary Statement Regarding Other Forward-LookingInformation
This news release includes certain“forward-looking statements” as defined under applicable Canadiansecurities legislation. All information and statements containedherein that are not clearly historical in nature constituteforward-looking information, and the words “anticipate”,“estimate”, “believe”, “continue”, “could”,“expects”, “intend”, “plans”, "postulates","predict", “will”, “may” or similar expressionssuggesting future conditions or events or the negative of these termsare generally intended to identify forward-looking information.Forward-looking statements are necessarily based upon a number ofestimates and assumptions that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorswhich may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookingstatements. There can be no assurance that such statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements, specificallythere is no assurance that the parties will be successful in theirobjectives regarding the manufacture, supply and sale of the SMARTSeeder Mini-MAX in India or other countries. Clean Seed disclaims anyintention or obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, except as required by law.
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