(GOTHENBURG, Sweden / SAN FRANCISCO, CA, November 19, 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 the prestigious John Innes Centre in the UK. This order of ELIXIA and EOS lights complements the previous orders made by the customer and will be part of a new retrofitted glasshouse section fully run by Heliospectra’s helioCORE™ light control software. The order value is SEK 1.3 million (£ 113,600).
To meet the challenge of feeding a growing population, plant breeders and scientists are continuously looking for ways to increase genetic gain in crop production. The John Innes Centre is currently one of the leading research centers when it comes to speed breeding, a cultivation technique allowing researchers to shorten the breeding cycle and accelerate research studies through rapid generation advancement. Their project has been an immense success. With the help of Heliospectra’s LED grow light solutions, the team was able to achieve wheat generation from seed-to-seed in just 8 to 9 weeks.
“Heliospectra has given us a durable lighting solution that gives us full control of our grow light environment and aided us in producing some amazing research results. Furthermore, LED lighting is a sustainable option that has helped us reduce energy consumption to save money, reduce pollution and minimize environmental footprint, said Dr. Brande Wulff, Project Leader Crop Genetics at the John Innes Centre.
“As one of Europe’s leading research institutions, the John Innes Centre is pushing the boundaries of plant science. Control, intense light, and a reliable light solution are of highest importance,” said Ali Ahmadian, CEO Heliospectra AB. We’re proud to be part of their speed breeding project and ongoing research. We are excited to see what they will present next.”
Heliospectra's ELIXIA creates clear business benefits for cultivation teams and researchers around the world. The fully adjustable LED lighting solution is compatible with Heliospectra's helioCORE light control software, enabling growers to improve the quality of plants and accelerate harvest and production cycles while providing consistent and standardized returns 365 days a year.
The order will be delivered and visible in the accounts for Q1 2019.
Ali Ahmadian, CEO of Heliospectra | +46 (0)72 203 6344 | [email protected]
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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.
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 CEST / 7 AM CDT on November 19th 2018.