(GOTHENBURG, Sweden / SAN FRANCISCO, CA, March 13, 2017) – Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for controlled plant growth environments, announced today that University of Sydney’s Centre of Carbon, Water and Food has purchased Heliospectra LED lighting solutions valued at $90,800 USD (823,601 SEK).
The University of Sydney has been a customer of Heliospectra since 2013. The Centre of Carbon, Water and Food is retrofitting their controlled environment growth chambers and has selected Heliospectra’s LX601C intelligent lighting solution.
"Heliospectra’s state of the art lighting control system is recognized around the world for delivering real value to growers and researchers by providing the utmost flexibility and control of plant growth,” said Christopher Steele, COO. “We are proud to continue building our partnership with leading research institutions worldwide including the University of Sydney’s Centre for Carbon, Water and Food.”
Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 | [email protected]
Michael Swartz, Senior Analyst | Viridian Capital Advisors, LLC | +1 212-333-0257 | [email protected]
Redeye is Heliospectra’s Certified Advisor for Nasdaq First North - www.redeye.se
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Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) is the industry’s most proven intelligent lighting technology for greenhouse and controlled plant growth environments. The company’s vision is 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 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 13.00 CET / 8 AM EST on March 13, 2017.