(GOTHENBURG, Sweden / SAN FRANCISCO, CA, February 23, 2017) – Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for controlled plant growth environments, announced today that TCG Retro Market 1 LLC has purchased Heliospectra LED lighting solutions valued at $302,000 (2.5 million SEK).
"Heliospectra combines plant science expertise with a real time, data-driven lighting control system for utmost flexibility, consistent medicinal properties and harvest results,” said Ali Ahmadian, CEO for Heliospectra. “As TCG Retro moves forward and standardizes with Heliospectra lighting technology, we will partner with them to supply the optimal light spectrum for all stages of plant growth.”
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]
G&W is Heliospectra’s Certified Advisor for Nasdaq First North - www.gwkapital.se
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About Heliospectra AB
Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) (www.heliospectra.com) specializes in intelligent lighting technology for plant research and greenhouse cultivation. The company’s lighting system provides an effective and durable technology for cultivating greenhouse and indoor plants by combining several different groups of versatile light emitting diodes (LEDs) with optics, remote sensing techniques, and a robust heat dissipation solution.
This proprietary setup gives growers the ability to control the intensity and wavelengths of the light emitted, creating a spectrum specifically adjusted to different plant species and growth stages to better facilitate photosynthesis. The complete, highly engineered lamp produces crops that look better, taste better, and have a longer shelf-life than those grown under HID lamps. The technology not only reduces energy consumption by up to 50%, but also helps stimulate growth characteristics and improve plant quality. Other benefits include reduced light pollution, lower mercury use due to the avoidance of traditional HID/HPS bulbs, and less HVAC investment and monthly expense requirements.
Heliospectra products are based on in-depth knowledge in plant physiology and photosynthesis along with a unique way to utilize modern LED technology. After six years of development in Sweden, the company has now begun to expand into the international market. The company has raised more than $29 million in capital and received more than $2.6 million through academic scholarships and grants. Heliospectra has also received numerous awards for its forward-thinking technology. Principal owners: Weland Steel www.welandstal.se, Swedish Industrial Fund www.industrifonden.se, Midroc www.midroc.se, Avanza Pension www.avanza.se.
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 CET / 8 AM EST on February 23, 2017.