Saskatoon, Saskatchewan: February 13, 2023-- Clean Seed Capital Group Ltd. (“Clean Seed” or the “Company”) (TSX-V: CSX) is proud to announce the signing of a Memorandum of Understanding (the “MOU”) with Mahindra and Mahindra Limited (“M&M”) to bring the SMART Seeder technology to India and to collaborate on other related opportunities to benefit each other’s business interests.

Part of the Mahindra Group, Mahindra’s Farm Equipment Sector (FES) is the world’s largest tractor company by volume and owns India’s two largest selling tractor brands. With a presence in over 50 countries, Mahindra FES has technology centers in Japan, Turkey, Finland and India, with a wide range of tractors and a growing presence in farm machinery for crops across the value chain.  
 
Clean Seed and M&M will work towards developing a collaborative mechanism to manufacture and deliver the
SMART Seeder MINI-MAXand related technologies to Indian Farmers and other jurisdictions agreed by both parties. The fundamental goal of this collaboration will be to eradicate stubble burning, reduce input costs, boost crop production, enhance water conservation, and protect agricultural soils from further deterioration caused by the overuse of chemical fertilizers and extreme tilling.
 
Graeme Lempriere, Chief Executive Officer, Clean Seed Capital Group Ltd. states:“It is with great pride we announce the signing of an MOU with Mahindra and Mahindra, an industry leader that shares in a collective commitment to bring our technology to India as well as other countries within their market reach. Our common vision is to implement technologies that will truly benefit farmers by generating meaningful impacts on the agricultural ecosystem and environment around the world. We are grateful for all the support from the Government of Canada, the Saskatchewan Government and the Consul General of India to bring the MINI-MAX project to life in India.”
 
Scott Moe, Premier of Saskatchewan states:“World-class companies like Clean Seed are taking Saskatchewan’s innovative sustainable agri-tech solutions to market. The Saskatchewan India Office plays an instrumental role in connecting Saskatchewan companies to partners in India – and in the case of Clean Seed, bringing the Saskatchewan developed SMART Seeder technology to farmers in India and advancing this significant MOU with Mahindra.”
 
Kairas Vakharia, Senior Vice President & Business Head – Farm Machinery Mahindra & Mahindra Ltd. said: “At Mahindra we are committed to mechanising India, through the proliferation of farm equipment, beyond tractors and this association with Clean Seed Capital Group is a step in that direction. Clean Seed are pioneers of agricultural technologies with a proven track record of developing the most advanced seeding and planting technology, and we are working with them to bring the SMART Seeder technology to India.”

Manish, Consul General of India in Vancouver states,"I would like to congratulate Clean Seed Capital Group Ltd. and Mahindra & Mahindra Limited. on the announcement of their joint partnership to manufacture SMART Seeder MINI-MAX in India. This is an outstanding example of bringing a proven ag-tech solution to India by a Canadian company in collaboration with the world's largest tractor company Mahindra & Mahindra which will manufacture the product in India for Indian market and other jurisdiction. The partnership will provide sustainable solutions to Indian farmers, thereby contributing to their farm income and also taking care of the agricultural environment.”
 
Patrick Hebert, High Commission of Canada in India states,“Canada has a long history of expertise and excellence in agriculture. I welcome the signing of this MOU with Mahindra to bring Clean Seed’s technology to India. This will be a game-changer for the farming industry, with environmental benefits for the entire population.”
 

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