Fortune 500 Global AgTech Leader Expands Heliospectra Intelligent LED Lighting Implementation
Fifth Order Catalyzes Heliospectra’s Market-Leading Adjustable Full Spectrum Lights and Control Software for Commercial Greenhouse and Indoor Crop Production
(GOTHENBURG, Sweden/SAN FRANCISCO, CA, June 19, 2017 – Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces fifth order from Fortune 500 Global AgTech leader. The current order includes Heliospectra’s LX60 series of intelligent lighting solutions which are compatible with the company’s recently announced market-leading Cortex control software. This purchase signifies the rapid adoption of IoT-enabled and inter-networked technologies in the AgTech industry. The order, valued at $539,000 (4.7M SEK), adds to a previous four orders from this client in 2015 and 2016.
As controlled environment agriculture shifts to data-driven business models, the integration of Heliospectra’s LX60 adjustable-spectra lights with the Cortex controls demonstrate the benefits of centralized light management and standardization for plant growth and operations.
“Our AgTech industry customers play a critical role in shaping how fresh, nutritious and sustainably grown produce is available to communities across the globe,” said Ali Ahmadian, CEO of Heliospectra. “I am pleased to see this customer standardize on Heliospectra’s trusted solutions and continue to place repeat orders based on the consistency and control of crop quality, yields and harvest cycles achieved.”
Heliospectra’s product portfolio continues to expand the capabilities of advanced controls and automated light schedules for AgTech and commercial crop producers. At the same time, Heliospectra is dedicated to delivering durable, high-quality products.
”Ag-Tech companies are assertive about their need for a durable solution to support consistency in their research and commercial applications,” Ahmadian explained. “We are proud that this customer is continuing to place repeat orders based on the high reliability and quality of our lighting solutions as well as the commitment from the Heliospectra team."
The full order will ship in Q3 and will be visible in the accounts for Q3.
Heliospectra is showcasing the LX60 and the new CORTEX control system at Cultivate 2017, 15-18 July, in Columbus, Ohio. To book a meeting, please visit - info.heliospectra.com/cultivate2017. For more information on our solutions, visit www.heliospectra.com or call +46 31 40 67 10 (+1 888 942 GROW for Americas).
Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 | Ali.Ahmadian@heliospectra.com
Redeye is Heliospectra’s Certified Advisor for Nasdaq First North - www.redeye.se
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) is the industry’s most proven intelligent lighting technology for greenhouse and controlled plant growth environments. With the vision to make commercial crop production more connected and resource-efficient, growers and commercial producers across six continents use Heliospectra’s holistic and flexible solutions to consistently increase yields while producing crops that achieve quality appearance, superior nutritional or medicinal value and longer shelf life, harvest after harvest. Founded in 2006 and winner of multiple international awards and recognitions, Heliospectra has raised more than $32 million in capital to date. As a publicly traded company, the majority ownership remains with some of Heliospectra's earliest investors Weland Steel, Swedish Industrial Fund and Midroc New Technology. For more information, please visit https://www.heliospectra.com.
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.
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 June 19, 2017.