Clean Seed Capital Group Ltd. announced it has entered into a Letter of Intent (the LOI) with the Northern Farmers Producer Company Limited Mega Farmer Cooperative to launch the SMART Seeder MINI-MAXTM in India. Upon successful completion of the activities within the LOI, FPO will market and distribute 1,000 SMART Seeder MINI-MAXTM machines from 2023-2025 in the Punjab and Haryana regions of India. Under the LOI, the parties will work together to: conduct field trials in the fall compared to local seeding equipment alternatives; obtain subsidy approvals from local governments for FPO members to purchase MINI-MAXTM units; and conduct value proposition and marketplace analyses.

Upon successful completion of these activities, the parties anticipate entering into a definitive agreement whereby FPO will become a distributor of the SMART Seeder MINI-MAXTM in the Punjab and Haryana regions of India.