May 9, 2019 - Vancouver, British Columbia
Dear Shareholders:
The seeding and planting season is here and Clean Seed is actively in the field preparing for our SMART Planter™ field trials. During these trials we will be testing and refining our newly developed planter software and human interface as well as our proprietary metering drive technologies and on-board communications systems. Over the coming weeks we will also be executing a robust singulation trial program for canola and a variety of additional crops such as soybean, corn, peas and hemp. In addition, our development team is finalizing next generation software technology expansions relating to control systems, UI/UX and powerful data collection advancements for the award winning CX-6 SMART Seeder™ platform.
Moving forward, we continue to have significant opportunities to commercialize our technology and make a profound impact on the agricultural industry. Clean Seed’s seasoned team of industry professionals, technologists and active members of the farming community are advancing our technology, intellectual property and product portfolios. This includes preparing our Seed Sync Software platform for integration opportunities with leading edge technologies.
Clean Seed’s core assets remain rooted in our unrivalled technological advantages through the creation of our patented, true variable rate metering systems and related software, human interface and cloud platforms. Our technologies stand alone as the high tech benchmark for today’s seeding platforms while simultaneously having the potential to bridge the gap between the seeding and planting platforms of tomorrow. Our ongoing philosophy remains robust as the unique SMART Seeder™, and soon the SMART Planter™, are the only seeding and planting equipment platforms that can fully leverage the precision agriculture and big data movement to the benefit of the farmer and food production as a whole.
While focusing on these market launch opportunities, Clean Seed is also evaluating synergistic merger and acquisition opportunities, joint venture prospects and supply and licensing arrangements.
We remain committed to commercializing our patented technology portfolio while remaining nimble to ensure our overhead and capital structure are appropriately matched against our business activities. We are maintaining an open active dialogue with our financing syndicate in preparation to move quickly as opportunities progress. Our gains in market analysis and intelligence, value-added customer based insights and marketing, in conjunction with our continued development activities to future proof our technologies, are undoubtedly cornerstones of our strategic plans moving forward.
We look forward to updating you as we progress forward.
Graeme Lempriere
Chairman of the Board of Directors and Chief Executive Officer
Clean Seed Capital Group Ltd.
About Clean Seed Capital Group Ltd.
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX".
We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at an incredibly high level. We pride ourselves as progress facilitators that quickly turn viable concepts and ideas into commercially viable products that can fulfill demand.
The CX-6 SMART Seeder™ is a revolutionary seeding tool that utilizes the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row six-meter variable rate technology at the forefront of agricultural innovation. Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer.
For further information please contact Investor Relations at Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain “forward-looking statements” as defined under applicable Canadian securities legislation. Forward-looking statements herein include, but are not limited to, statements with respect to: our equipment fully leveraging the precision agriculture and big data movement, the advancement of our technology, product and patent portfolios and the industry impact from commercializing our technology. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Clean Seed has provided this information in reliance on certain assumptions that it believes are reasonable, including assumptions as to the protection provided by our intellectual property, the current marketplace and the current technologies available to customers. These assumptions may change for a number of reasons, including new market entrants, changing market demands, new products available to the marketplace, new patents granted to other parties and technological advancements impacting the industry. Accordingly, readers should not place undue reliance on forward-looking statements. Further information regarding these and other risks is included in the Company's Management Discussion and Analysis filed on SEDAR. Clean Seed disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.