Kew Royal Botanic Gardens Retrofits Greenhouse with Heliospectra Intelligent LED Lighting Solutions
(GOTHENBURG, Sweden / SAN FRANCISCO, CA, March 29, 2018) –
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces a new order from their value-added reseller Climate Controls Ltd, UK. The order is for Heliospectras fully adjustable LX60-series full spectrum LED grow lights to be installed at the iconic Royal Botanical Gardens, Kew and at Wakehurst, Kew's wild botanic garden in Sussex (which is also the home of the Millennium seedbank). The order value is SEK 1.7 million (£ 150,000). Delivery will take place and be visible in the accounts in Q2 2018.
The Royal Botanical Gardens Kew is a UNESCO World Heritage site in Surrey, UK offering the largest and most diverse collection of living plants in the world. The collection includes plants from tropical, temperate, arid and alpine climates, that are grown in the gardens and also in controlled greenhouse nurseries. The new Heliospectra LX60 LED grow lights will be retrofitted in The Tropical Nursery with the aim to improve plant quality using a more environmentally-friendly lighting solution. At Wakehurst, the LX60 grow lights will be used in The Wellcome Trust Millennium Building and support glasshouse.
“As a leader and facilitator of glasshouse systems we are constantly looking towards new innovative and more sustainable solutions. Heliospectra’s LX60 series delivers a reliable solution and the ability to adjust the light spectrum to a plant’s needs. This flexibility and control is precisely what the team at RBG Kew were looking for as they cultivate and grow hundreds of diverse species each year,” said Pierre Bisson director of Climate Controls Limited.
“The Royal Botanic Gardens, Kew, is a world renowned resource for plant propagation and knowledge," said Ali Ahmadian, CEO Heliospectra. “Our adjustable spectrum and market leading control enable Kew Gardens and other botanical gardens to tune in on specific needs of hundreds of different plants to produce the high quality crop they need.”
Heliospectra’s intelligent LX60 LED grow lights and software controls create clear business advantages for cultivation teams and researchers around the world. The adjustable full spectrum LED technology enables growers to improve quality, accelerate harvest and production cycles while delivering consistent yields.
Investor Relations:
Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 | ir@heliospectra.com
Redeye is Heliospectra Certified Advisor for Nasdaq First North - www.redeye.se
About Heliospectra
Heliospectra AB (publ) (OTCQB: HLS, FIRST NORTH: 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 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 earliest investors Weland Steel, Swedish Industrial Fund and Midroc New Technology. For more information, please visit https://www.heliospectra.com.
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.
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 15:00 CET / 9 AM ESTT on March 29, 2018.
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