Clean Seed Capital Group (TSX-V:CSX) Ltd. has announced retail sale order commitments for most of the model year 2022 production run.
In a statement, the company said it expects to finalize the orders concurrently with signing up dealers.
The orders are primarily for its flagship SMART Seeder MAX-S (with singulation) and its SMART Seeder MAX-5 (5 product volumetric). All orders are for dealers and customers in Western Canada.
READ: Clean Seed Capital opens ordering program for SMART Seeder MAX
In April 2021 Clean Seed launched a campaign to become a SMART Seeder MAX dealer or agronomy partner in key geographic areas in Western Canada, the US, and in key future export markets. The company said it plans to formally announce dealers and agronomy partners later this summer in conjunction with the Fall 2021 demonstration plans.
As previously announced, Clean Seed will be attending upcoming farm shows in Canada and the US to showcase the SMART Seeder MAX technology and products as follows:
- Ag SMART at Olds College in Olds, Alberta on August 10-11, 2021
- Farm Progress Show in Decatur, Illinois on August 31-September 2, 2021
- Big Iron Farm Show in Fargo, North Dakota on September 14-16, 2021
In addition, Clean Seed said the SMART Seeder MAX demonstration units are targeting several thousand demonstration acres for fall and winter crop seeding. These customer- and technology-focused demonstrations will take place in August and September 2021.
Meanwhile, the company said the Saskatoon assembly facility has started to break ground with the steel for the buildings on-site to be erected shortly. Clean Seed expects to have access to the completed facility by November 1 to begin the assembly of the model year 2022 SMART Seeder MAX order commitments.
Clean Seed said it has entered into a temporary lease for a small facility in Saskatoon for production parts storage, employee training, and operations. As with all manufacturers, there have been concerns about shortages and delays in supply chain parts but the company has not identified any critical production component shortages for its model year 2022 production at this time.
The company expects to begin model year 2022 machine deliveries of the SMART Seeder MAX from its Saskatoon facility at the end of the calendar year. On-site training for setup, pre-delivery, customer operation, and dealer support will be scheduled in January-February 2022.
In other company news, Clean Seed has granted an employee 300,000 stock options at $0.50 per share until February 28, 2025, and has granted two consultants an aggregate of 252,000 stock options at $0.55 per share until December 31, 2023.
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