FORTUNE 500 GLOBAL AGTECH LEADER STANDARDIZES ON HELIOSPECTRA TECHNOLOGY
Approaching 1,000 LED Lighting System Deployment After Heliospectra Receives
Fourth Order
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in
intelligent lighting technology for controlled environments horticulture, is
proud to announce its fourth order from a Fortune 500 global agricultural
technology company. This order, valued at $220,000 (1.9M SEK), adds to a
previous two orders from this client in 2015 and another in June 2016, bringing
the total light count deployed to approximately 1,000 Heliospectra
high-efficiency E60 LED grow lights.
Mr. Staffan Hillberg, CEO of Heliospectra, commented, "Our customer is raising
the bar in the AgTech industry by accelerating the transition of their
greenhouse lights from wasteful conventional light fixtures to
high-performance, environmentally responsible Heliospectra LED lighting
systems."
In the USA, the AgTech industry consumes an estimated 180 Gigawatt hours of
power annually to light crops in greenhouses, growth chambers and other
controlled environments. The Heliospectra solution reduces light-related energy
consumption by 40 percent while it boosts production of high-light requirement
crops. Still greater savings are achieved by avoiding the maintenance issues
inherent to other lighting products that require annual bulb changes and suffer
from 8-20 percent failure rates.
"Heliospectra is recognized around the world for delivering real value with
high- performance systems that rapidly improve the bottom line," said Caroline
Nordahl Wells, general manager, Americas for Heliospectra. "Were proud to be
selected by leading North American growers and scientists who count on us to
help them meet their crop yield and quality goals every day."
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https://www.facebook.com/pages/Heliospectra-AB/812775078782162
GOTHENBURG, Sweden/SAN FRANCISCO, CA, September 19, 2016
Investor Relations:
Staffan Hillberg, CEO of Heliospectra |
+46 (0)708 36 59 44
staffan.hillberg@heliospectra.com mailto:staffan.hillberg@heliospectra.com
Michael Swartz, Senior Analyst | Viridian Capital Advisors, LLC | +1
212-333-0257 |
mswartz@viridianca.com mailto:mswartz@viridianca.com
G&W is Heliospectras Certified Advisor for Nasdaq First North -
www.gwkapital.se http://www.gwkapital.se
www.heliospectra.com http://www.heliospectra.com
This information is information that Heliospectra AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set out
above, at 14.00 CET / 8 AM EST on September 19, 2016.
The following documents can be retrieved from beQuoted
Heliospectra Pressrelease 2016-09-19 English.pdf -
http://www.bequoted.com/beQPress/download.asp?Id=18719
About Heliospectra AB
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) (www.heliospectra.com
http://www.heliospectra.com ) specializes in intelligent lighting technology
for plant research and greenhouse cultivation. The Companys lighting system
provides an effective and durable technology for cultivating greenhouse and
indoor plants by combining several different groups of versatile light emitting
diodes (LEDs) with optics, remote sensing techniques, and a robust heat
dissipation solution. This proprietary setup gives growers the ability to
control the intensity and wavelengths of the light emitted, creating a spectrum
specifically adjusted to different plant species and growth stages to better
facilitate photosynthesis. The complete, highly- engineered lamp produces crops
that look better, taste better, and have a longer shelf-life than those grown
under HID lamps. The technology not only reduces energy consumption by up to
50%, but also helps stimulate growth characteristics and improve plant quality.
Other benefits include reduced light pollution, lower mercury use due to the
avoidance of traditional HID/HPS bulbs, and less HVAC investment and monthly
expense requirements.
Heliospectra products are based on in-depth knowledge in plant physiology and
photosynthesis along with a unique way to utilize modern LED technology. After
six years of development in Sweden, the company has now begun to expand into
the international market. The company has raised more than $ 21 million in
capital and has received more than $2.6 million through academic scholarships
and grants. It has also received numerous awards for its forward thinking
technology. Principal owners: Weland Steel www.welandstal.se, Swedish
Industrial Fund www.industrifonden.se http://www.industrifonden.se , Midroc
www.midroc.se http://www.midroc.se , Avanza Pension www.avanza.se
http://www.avanza.se .
Forward-Looking Statements
The statements in this press release constitute forward-looking statements
within the meaning of federal securities laws. Such statements are based on our
current beliefs and expectations and are inherently subject to significant
business, economic and competitive uncertainties and contingencies, many of
which are beyond our control. In addition, such forward-looking statements are
subject to assumptions with respect to future business strategies and decisions
that are subject to change. Potential risks and uncertainties include, but are
not limited to, technical advances in the industry as well as political and
economic conditions present within the industry. We do not take any obligation
to update any forward-looking statement to reflect events or developments after
a forward-looking statement was made.
