(TheNewswire)
April 18th, 2023 – TheNewswire - Vancouver, BritishColumbia - Clean Seed Capital Group Ltd.(“ Clean Seed ” or the “ Company ”) (TSXV:CSX) is pleased to announcethe results of our input reduction and yield results from thisseasons’ harvest at our proving grounds in India in collaborationwith our partners, Northern Mega Farmers FPO and University ofChandigarh.
The results from utilizing the SMART Seeder MINI-MAX™in a side-by-side comparison to the most current and most utilizedseeding equipment available in India shows an overall increase to farm cash flows of 36%using SMART Seeder MINI-MAX™ comprised of a:
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19% reduction in cost peracre;
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26% increase in per acre cropyield;
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67% reduction of chemical fertilizeruse, and
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67% reduction of diesel consumption.
The results and related harvest are receivingsignificant attention from the farming community, our partners andregional news. We believe this positive outcome will accelerateinterest in India to adopt MINI-MAX™ technology throughout itsregions, which can then positively impact adoption in additionalcountries thereafter.
Graeme Lempriere, Chairman & CEO States: “Ourmandate with MINI-MAX™ in India was to demonstrate the scalabilityof our technology portfolio, from our North American SMART SeederMAX™ Series 60, into a compact design for additional internationalmarkets. We are proud to have confirmed with our partners in Indiathat MINI-MAX™ produced benefits consistent with those of the SMARTSeeder MAX™ here in North America as we move closer to a definitiveagreement to mass produce the MINI-MAX™ for the Indian market andother international opportunities."
We refer to the related news release dated February 13, 2023, withrespect to the Memorandum of Understanding between the Company andMahindra and Mahindra Limited.
ON BEHALF OF THE BOARD
“Graeme Lempriere”
Chairman and CEO
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.
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. In particular,there is no assurance that Clean Seed will be successful innegotiating a definitive agreement with Mahindra, the results offuture seeding and planting with the MINI-MAX will provide the samelevel of benefit compared to existing products, or that any of CleanSeed’s machines will be manufactured or sold in India and othercountries. Clean Seed disclaims any intention or obligation to updateor revise any forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required by law.
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