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Heliospectra receives milestone order in Europe

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Heliospectra AB (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent
lighting technology for greenhouse cultivation and plant research, announced this morning that it has received an order valued at just over SEK 1.8 million (USD 229,000). The customer – a large European greenhouse grower – has also participated in research and development of the new LED grow light Heliospectra LightBar. Installation of this first order is expected in December 2015.

This is the first order of the new Heliospectra LightBar V101, launched at the end of August 2015. This is also Heliospectras largest order in Europe.

This a strategically important order from many perspectives, says Staffan Hillberg, CEO at Heliospectra. “We have collaborated with this customer before and they are a leading player in Europe. That they’ve placed an initial larger order is positive. Its also positive that we now have a strategically important and larger order in the European market.”

The Heliospectra LightBar V101 is the companys first of its type for Vertical Farming. It is a high intensity, fixed spectrum LED grow light with a spectrum optimised for horticulture. The Heliospectra LightBar V101 is unique since it enables both water and air cooling, and is available in two lengths (1235 mm/48 inches and 1828 mm/72 inches).

In MarketandMarkets market reports Smart Greenhouse Market – Forecast to 2020 and LED Grow Light Market – Forecast to 2020, released at the end of August, which specifically mentions Heliospectra, the LED grow light sector for horticulture is expected to grow between 20 and 30 percent until 2020. The European market for commercial greenhouses accounts for the largest portion and is expected to grow from $73 million in 2014 to $383 million in 2020.

This is a confirmation that our new products are also at the fore front of technology and that we are a leading player in the sector even when it comes to lighting technology in Vertical Farming. The European market for Vertical Farming is expected to grow by about 30 percent each year until at
least 2020.” says Staffan Hillberg.

 

 

 

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