Macedonian Company SOG DOO Looks to Automate Light Environment with Heliospectra’s Solutions

(GOTHENBURG, Sweden/SAN FRANCISCO, CA, May 15, 2019 –

Heliospectra AB (publ) (OTCQB: HLSPY, FIRST NORTH: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces an order from Macedonian company SOG DOO. The company is building a smart, state-of-the-art medicinal production facility in Gostivar, Macedonia, and have decided to automate the light environment using Heliospectra’s fully adjustable ELIXIA LED lighting solutions and helioCORE light control system. SOG DOO has also purchased a helioCARE Technical Services support package to benefit from Heliospectra’s installation and cultivation expertise. The order value is SEK 2.8 million (€ 260,000).

SOG DOO which recently received their cultivation license from the Republic of Macedonia, is establishing the high-tech, high-quality indoor production facility in Gostivar, Macedonia. SOG stands for Sea of Green which is also a popular growth strategy in the cannabis industry and the company strives to produce a standardized, high-quality medicinal product for the international export market. SOG has chosen Heliospectra’s helioCORE control solutions to apply dynamic light schedules and fully automate their growing environments across multiple cultivation zones and production rooms.

“We are looking to build a strong brand within the industry and expand to the international market. In order to do so we understand the importance of consistently producing a standardized medicinal profile and pharmaceutical-grade quality products for our customers. Heliospectra’s solutions allow us to do this, and the fact that we can get assistance and expertise from their helioCARE services is very valuable for us”, said Vesco Gilov, Director of Production, SOG DOO.

“The growing medicinal market and rapidly expanding customer base in Europe pairs with a strict regulatory system and compliance with GMP practices to pave the way for highly controlled and automated production facilities. SOG DOO is a great example of a customer who understands the positive impact helioCORE light controls and our technical services team’s plant science expertise can have on operations to achieve standardized, consistent medicinal profiles and products,” said Ali Ahmadian, CEO Heliosepctra.

Heliospectra's ELIXIA creates clear business benefits for cultivation teams and researchers around the world. The fully adjustable spectrum LED lighting solution is compatible with  Heliospectra's helioCORE light control system. helioCORE offers advanced controls, flexible light intensities and customized lighting schedules for indoor environments with real-time monitoring across the plant growth cycle. The company recently announced the helioCARE portfolio of technical services to further support growers and their operations teams with facility designs, light installations, electical consulting and cultivation training.

Delivery will take place and be visible in the accounts during the second quarter 2019. 

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
Certifiedadviser@redeye.se | +46 (0)8 121 576 90

http://www.heliospectra.com

Heliospectra AB (publ) (OTCQB: HLS, FIRST NORTH: HELIO) is the global leader in intelligent lighting technology, light control systems and related services for greenhouse and controlled plant growth environments. With the vision to make commercial crop production more connected and resource-efficient, Heliospectra integrates customized LED spectral strategies with real-time response and artificial intelligence to create predictable and reliable business forecasts and harvest results. Founded in 2006, Heliospectra is committed to helping growers and commercial producers across six continents consistently increase yields and produce crops with quality appearance, superior nutritional or medicinal value and longer shelf life, harvest after harvest. Heliospectra is the recipient of multiple international awards and recognitions. 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 CEST / 8:00 AM CDT on May 15 th 2019.

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About Us

Heliospectra AB 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 earliest investors Weland Steel, Midroc New Technology and Swedish Industrial Fund. For more information, please visit https://www.heliospectra.com.

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