Göteborg Sweden
July 16, 2014

Heliospectra AB, (publ) has sold 20 of its new LX60 lighting systems, for an order value of approximately SEK 200,000. The sales contract also contains a letter of intent for the delivery of a further 180 lighting systems in the second half of 2014. The sale was made via the company's American retailer, GrowersHouse. The order is Heliospectra's largest in the American market. Heliospectra, the world leader in intelligent lighting technology for plant research and greenhouse cultivation, was listed on Nasdaq OMX First North on 18 June.

"The order is a breakthrough and strategically important. It is also clear proof of the strong demand for our new products, especially in the American market," says Staffan Hillberg, CEO at Heliospectra.

The order, excluding the letter of intent, is the biggest Heliospectra has received in the American market and is considered as an initial roll-out order in which LX60 is included.

"The end customer, who is building a commercial greenhouse facility in Seattle, has tested our earlier products over the course of a year and is extremely satisfied. Their goal now is for the LX60 to become the company's primary lighting system. Altogether, we estimate that this customer alone will require thousands of additional lighting systems," says Staffan Hillberg.

Heliospectra's new LX60 lighting system was launched at the end of May, attracting a great deal of interest in Sweden and abroad. According to Heliospectra's calculations, the new LX60 generates almost 50 per cent more light on the plants compared with its predecessor, L4A. The company has also reduced the weight to 8 kg from 13 kg.

Heliospectra was founded in 2006 and specialises in intelligent lighting technologies for plant research and greenhouse cultivation. Heliospectra's products are based on a deep knowledge of plant physiology and photosynthesis combined with a unique way of using state-of-the-art LED technology. After six years of development in Sweden, the company is now venturing into the international marketplace. The company has raised more than 4.48 million dollars in risk capital and has received more than 2.6 million dollars through academic scholarships. It has also won several awards for its forward-thinking technology.

Website: http://www.heliospectra.com

Published: July 16, 2014