GOTHENBURG, SWEDEN and SAN FRANCISCO, CA--(Marketwired - Nov 5, 2015) - Heliospectra AB (publ) (
This is the first order of the new Heliospectra LightBar V101, launched at the end of August 2015. This is also Heliospectra's largest order in Europe.
"This is a strategically important order from many perspectives," says Staffan Hillberg, CEO at Heliospectra. "We have collaborated with this customer before and they are a leading player in Europe. That they've placed an initial larger order is positive. It's also positive that we now have a strategically important and larger order in the European market."
The Heliospectra LightBar V101 is the company's first of its type for Vertical Farming. It is a high intensity, fixed spectrum LED grow light with a spectrum optimised for horticulture. The Heliospectra LightBar V101 is unique since it enables both water and air cooling, and is available in two lengths (1235 mm/48 inches and 1828 mm/72 inches).
In MarketandMarkets' market reports Smart Greenhouse Market - Forecast to 2020 and LED Grow Light Market - Forecast to 2020, released at the end of August, which specifically mentions Heliospectra, the LED grow light sector for horticulture is expected to grow between 20 and 30 percent until 2020. The European market for commercial greenhouses accounts for the largest portion and is expected to grow from $73 million in 2014 to $383 million in 2020.
"This is a confirmation that our new products are also at the forefront of technology and that we are a leading player in the sector even when it comes to lighting technology in Vertical Farming. The European market for Vertical Farming is expected to grow by about 30 percent each year until at least 2020," says Staffan Hillberg.
About Heliospectra AB
Heliospectra AB (publ) (
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, Midroc www.midroc.se, Wood & Hill Investment www.whab.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.
Contact Information:
Contacts:
For further information:
Staffan Hillberg
CEO of Heliospectra
+46 (0)708 36 59 44
staffan.hillberg@heliospectra.com
Hakan Bengtsson
CFO of Heliospectra
+46 (0)705-558902
hakan.bengtsson@heliospectra.com
Lars Sjogrell
Press Officer at Heliospectra
+46 (0)702 69 53 00
lars.sjogrell@perspective.se
www.heliospectra.com
Investor Relations:
Michael Swartz
Senior Analyst
Viridian Capital Advisors, LLC
Tel: 212-333-0257
Email: mswartz@viridianca.com
G&W is the company's certified advisor - www.gwkapital.se