Burnaby, British Columbia, Canada?
April 28, 2020
Clean Seed Capital Group Ltd. (“Clean Seed”) (TSX-V: CSX) announces it has entered into a Collaboration and Supply Agreement (the “Collaboration Agreement”) with Exro Technologies. (“EXRO”) (CSE: XRO). Under this Collaboration Agreement, Clean Seed and Exro will develop and implement sustainable, energy supportive solutions for key platforms exclusively targeting the global agricultural market.
The companies will first begin by collaborating to amalgamate EXRO’s symbiotic systems into Clean Seed’s SMART Seeder MAX and MAX – S. The companies also plan to develop aftermarket retro fit accessories to expand and accelerate the electrification of agriculture. Clean Seed hopes to inspire an industry to leverage the benefits of sustainable energy and environmental security while increasing profits through the conservation and reduction of input costs on many levels of the farming process.
Exro has designed, patented and implemented its proprietary Electronic Transmission (ETR) system and related software that controls electric motor coils through individual coil switching. This innovative technology expands speed and torque capability and improves machine efficiency across a wider operating range. The introduction of advanced control algorithms into energy conversion at the level of individual coils and cells opens up a new realm of opportunities and benefits for the agricultural sector. Clean Seed, being on the cutting edge of agricultural technology development since 2010, is recognized as a pioneer of industry and is well positioned to introduce these beneficial technologies to the industry in collaboration with a likeminded pioneer such as Exro.
Graeme Lempriere, Chief Executive Officer of Clean Seed, states:
“We continuously evaluate synergistic opportunities that would align with and drive Clean Seed’s mission of facilitating progress in agriculture through the design, development and implementation of industry altering technologies rooted in a sustainable foundation. This worldwide exclusive collaboration and supply agreement focused on the AG sector will set new benchmarks in the electrification of Agriculture. We strive to develop valuable solutions for the challenges associated with the Agriculture industry that both improves crop production, reduces input costs and increases profitability. This collaboration will benefit the agricultural community by promoting good stewardship of our resources. It has been a pleasure getting to know the team at Exro and we look forward to working together to electrify the AG Industry and usher in a new sustainable application”.
Sue Ozdemir, EXRO CEO states:
“This is another step in the commercialization of Exro’s technology that will expand the capabilities of the world’s electric motors” “Clean Seed is a pioneer in improving the efficiency and sustainability of farming. With this new agreement, we will, together, electrify the industry to maximize its potential, driving better productivity and efficient use of energy.”
The Company also announces that Mr. Colin Rosengren has stepped down from its board of directors. The Company thanks Mr. Rosengren for his years of service.
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