(TheNewswire)
Saskatoon,Saskatchewan – TheNewswire - February 13, 2023– - Clean Seed Capital Group Ltd.(“ Clean Seed ” or the “ Company ”) (TSXV:CSX) is proud to announcethe signing of a Memorandum of Understanding (the “MOU”) withMahindra and Mahindra Limited (“M&M”) to bring the SMARTSeeder™ technology to India and to collaborate on other relatedopportunities to benefit each other’s business interests.
Part of the Mahindra Group, Mahindra’s Farm EquipmentSector (FES) is the world’s largest tractorcompany by volume and owns India’s two largest selling tractorbrands. With a presence in over 50 countries, Mahindra FES hastechnology centers in Japan, Turkey, Finland and India, with a widerange of tractors and a growing presence in farm machinery for cropsacross the value chain.
Clean Seed and M&M will work towards developing acollaborative mechanism to manufacture and deliver the SMART SeederMINI-MAX™ and related technologies to Indian Farmers and otherjurisdictions agreed by both parties. The fundamental goal of thiscollaboration will be to eradicate stubble burning, reduce inputcosts, boost crop production, enhance water conservation, and protectagricultural soils from further deterioration caused by the overuse ofchemical fertilizers and extreme tilling.
Graeme Lempriere, Chief ExecutiveOfficer, Clean Seed Capital Group Ltd. states “It is with great pride we announce the signing of an MOU withMahindra and Mahindra, an industry leader that shares in a collectivecommitment to bring our technology to India as well as other countrieswithin their market reach. Our common vision is to implementtechnologies that will truly benefit farmers by generating meaningfulimpacts on the agricultural ecosystem and environment around theworld. We are grateful for all the support from the Government ofCanada, the Saskatchewan Government and the Consul General of India tobring the MINI-MAX™ project to life in India.”
Scott Moe, Premier of Saskatchewanstates “World-class companies like Clean Seedare taking Saskatchewan’s innovative sustainable agri-tech solutionsto market. The Saskatchewan India Office plays an instrumental role inconnecting Saskatchewan companies to partners in India – and in thecase of Clean Seed, bringing the Saskatchewan developed SMARTSeeder™ technology to farmers in India and advancing thissignificant MOU with Mahindra.”
Kairas Vakharia, Senior VicePresident & Business Head – Farm Machinery Mahindra &Mahindra Ltd. said, “At Mahindra we arecommitted to mechanising India, through the proliferation of farmequipment, beyond tractors and this association with Clean SeedCapital Group is a step in that direction. Clean Seed are pioneers ofagricultural technologies with a proven track record of developing themost advanced seeding and planting technology, and we are working withthem to bring the SMART Seeder™ technology toIndia.”
Manish, Consul General of India inVancouver states, "I would like tocongratulate Clean Seed Capital Group Ltd. and Mahindra & MahindraLimited. on the announcement of their joint partnership to manufactureSMART Seeder MINI-MAX ™ in India. This is an outstanding example of bringing a proven ag-techsolution to India by a Canadian company in collaboration with theworld's largest tractor company Mahindra & Mahindra which willmanufacture the product in India for Indian market and otherjurisdiction. The partnership will provide sustainable solutions to Indian farmers, thereby contributingto their farm income and also taking care of the agriculturalenvironment.”
Patrick Hebert, High Commission ofCanada in India states, “Canada has a longhistory of expertise and excellence in agriculture. I welcome thesigning of this MOU with Mahindra to bring Clean Seed’s technologyto India. This will be a game-changer for the farming industry, withenvironmental benefits for the entire population.”
About Mahindra
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 www.mahindra.com/news-room
About Clean Seed Capital Group Ltd.
The common shares of Clean Seed Capital Group Ltd. arelisted on the TSX Venture Exchange and trade under the symbol"CSX”.
We are a team of innovators and business managementprofessionals with a proven track record of game changing innovationand production of patented agricultural technologies at an incrediblyhigh level. We pride ourselves as progress facilitators that turnsolutions for modern agricultural problem into commercially viableproducts to fulfill new demand.
Clean Seed’s SMART Seeder MAX™ technologies arerevolutionary seeding tools that utilize the unique synergy ofsophisticated electronic metering and intuitive software controlputting row-by-row variable rate technology at the forefront ofagricultural innovation. Our innovations create a new class ofhighly accurate seeding equipment designed specifically for today’sfarmer.
Clean Seed Agricultural Technologies Ltd., a whollyowned subsidiary of the Company, is headquartered in Saskatoon,Saskatchewan. Clean Seed Agricultural Technologies have taken everyopportunity to learn from the province’s thriving agriculture sectorand build upon their products, including the development of the SMARTSeeder Mini-MAX. As a result, the company has become a leader ininnovative and sustainable agriculture technology and is excited to besharing their SMART Seeder technology with India.
ON BEHALF OF THE BOARD
“Graeme Lempriere”
Chairman and CEO
For further information please contact Clean Seed at604-566-9895 and visit our website at www.cleanseedcapital.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 news release .
This press release is not an offer or a solicitation ofan offer of securities for sale in the United States. The commonshares of Clean Seed Capital Group Ltd. have not been and will not beregistered under the U.S. Securities Act of 1933, as amended, and maynot be offered or sold in the United States absent registration or anapplicable exemption from registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKINGINFORMATION:
This news release includes certain “forward-lookingstatements” as defined under applicable Canadian securitieslegislation. All information and statements contained herein that arenot clearly historical in nature constitute forward-lookinginformation, 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. Clean Seeddisclaims any intention or obligation to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise, except as required by law.
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