LED iBond enters new Smart Building market segment

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LED iBond International (LED iBond) is now entering the fastgrowing market for electric vehicle (EV) charging in the UK. LED iBond International (LED iBond) is now entering the fastgrowing market for electric vehicle (EV) charging in the UK.

The company will begin delivery of linear LED lighting for Gridserve’s “Electric Highway”, a nationwide charging network, which will establish dedicated electric vehicle charging facilities on Britain’s motorways and major roads.

Backed up by the Hitachi group, Gridserve is an international sustainable energy business, which develops, builds, owns and operates ‘sun-to-wheel’ hybrid solar, electric vehicle charging and battery storage critical power infrastructure. Gridserve plans to establish more than 80 EV charging hubs in the UK.

As sub-supplier, LED iBond will deliver Tracy® LED-solutions to its long-standing partner Bluetop Solar Parking (Bluetop), a Danish manufacturer of solar carport solutions. Serving as canopies covering EV charging stands, Bluetop’s OPTI Solar Carport system will become a structural component at a number of Gridserve’s charging hubs.

For its first installation in the Electric Highway project, Bluetop has placed an order for 190 meters of Tracy panels with LED iBond to be delivered in October 2021. LED iBond expects that this initial order will be followed by additional orders in 2021 and 2022.

Pia Stangerup, CEO of LED iBond, says:

- This is an important development for LED iBond. The EV charging business is enjoying wide political support and is attracting substantial financial investments. We are convinced that this industry will grow at a staggering rate for the foreseeable future. As our linear lighting concept is a perfect match with Bluetop’s stylishly designed canopies, we feel very comfortable with this partnership. We look forward to delivering our part of this new and solid growth opportunity and contributing to UN sustainable development goal no. 13 (Climate Action) at the same time.

The collaboration with Bluetop for the delivery of canopy solutions for Gridserve’s Electric Higway project is already included in LED iBond’s previously announced financial outlook.

Further Information
Pia Stangerup, CEO
Mobile: +45 5117 6701
Email: pst@ledibond.com

Company contact
LED iBond International A/S
Agern Allé 5A
2970 Hørsholm

CVR 36041609

+45 7070 7855

Certified advisor

Västra Hamnen Corporate Finance
Jungmansgatan 12
211 19 Malmö

Telephone: +46 40 200 250
Email: ca@vhcorp.se

About LED iBond International A/S

Founded in 2014, LED iBond International offers innovative solutions for integrating light and data, based on the company’s deep knowledge of modern LED technology and many years of development. The patented technology includes the lightest and thinnest LED basis available, offering a unique value proposition combining total design flexibility, full IoT integration and low total costs of ownership. LED iBond’s technology has been deployed in many projects, ranging from intelligent shelf lighting to large scale indoor illumination projects such as the installation of 3.2 kilometres of Tracy®, the company’s innovative flagship product, at DTU, the Technical University of Denmark.

Due to the data transfer capabilities, superior form factor and cooling properties of the technology platform, LED iBond is focusing on three key business lines: Smart Building, UV Disinfection and Vertical Farming, all projected to show significant growth in the years to come.

LED iBond International A/S is admitted to trading on Nasdaq First North Growth Market Denmark (ticker: LEDIBOND).