(TheNewswire)
September 12, 2022 – TheNewswire - Vancouver, BritishColumbia - Clean Seed Capital Group Ltd.(“ Clean Seed ” or the “ Company ”) (TSXV:CSX ) and ( OTC:CLGPF) is pleased to announce ithas entered into a Letter of Intent (the “LOI”) with the NorthernFarmers Producer Company Limited Mega Farmer Cooperative (“NorthernFarmers Mega FPO” or “FPO”) to launch the SMART SeederMINI-MAX™ in India. Upon successful completion of the activitieswithin the LOI, FPO will market and distribute 1,000 SMART SeederMINI-MAX™ machines from 2023-2025 in the Punjab and Haryana regionsof India.
Mr. Puneet Singh Thind, Founder & Director,stated:
“After having participated in theSMART Seeder MINI-MAX™ Technology Demonstration at ChandigarhUniversity, our board of directors is convinced that Clean Seed’stechnology, with its multipurpose solutions such as managing straw andaccurate seed and fertilizer placement in combination with the uniqueno-tillage practices, can bring a paradigm shift to the farmers in theregion. With our strong presence in the region and close farmernetwork built on mutual trust, we are confident we can take orders anddistribute 1,000 machines in the field over the next 3 seasons inPunjab and Haryana.”
Northern Farmers Mega FPO is a leading organization of43 Farmer Cooperatives (FPOs) involving more than 12,000 farmermembers from 4 States in North India. They work closely withrespective State Governments, Industry Chambers, AgricultureUniversities & Industry Partners, as well as FarmersCollectivisation, Agri-Input Supplies, Farm Solutions, MarketLinkages, Industry Engagement Programs and other agribusinessinitiatives.
Graeme Lempriere, stated:
“From the outset Clean Seed wasdetermined to ensure our technology was scalable in size and functionto influence and reach all markets around the world. Our experiences in India to date have beentremendous, a great MINI-MAX™ launching platform in great part dueto the support of the Government of Canada and Mr. Blair Hudyma, ofthe Government of Saskatchewan in collaboration with the ConsulateGeneral of Canada in Chandigarh. We also would like to thank the governments of India, Punjaband Haryana along with CII for their strong support inIndia . we look forward to completing our falldemonstration and development programs which will positions us forproduction and distribution of the SMART Seeder MINI-MAX™ withinIndia and beyond.”
Under the LOI, the parties will work together to 1)conduct field trials in the fall compared to local seeding equipmentalternatives 2) obtain subsidy approvals from local governments forFPO members to purchase MINI-MAX™ units and 3) conduct valueproposition and marketplace analyses. Upon successful completion ofthese activities, the parties anticipate entering into a definitiveagreement whereby FPO will become a distributor of the SMARTSeeder MINI-MAX™ in the Punjab and Haryana regions of 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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