Fortune 500 Global AgTech Leader Expands Heliospectra Intelligent LED Lighting Implementation
GOTHENBURG, Sweden and SAN FRANCISCO, California, June 19, 2017 Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces fifth order from Fortune 500 Global AgTech leader. The current order includes Heliospectra's LX60 series of intelligent lighting solutions which are compatible with the company's recently announced market-leading Cortex control software. This purchase signifies the rapid adoption of IoT-enabled and inter-networked technologies in the AgTech industry. The order, valued at $539,000 (4.7M SEK), adds to a previous four orders from this client in 2015 and 2016.
As controlled environment agriculture shifts to data-driven business models, the integration of Heliospectra's LX60 adjustable-spectra lights with the Cortex controls demonstrate the benefits of centralized light management and standardization for plant growth and operations.
"Our AgTech industry customers play a critical role in shaping how fresh, nutritious and sustainably grown produce is available to communities across the globe," said Ali Ahmadian, CEO of Heliospectra. "I am pleased to see this customer standardize on Heliospectra's trusted solutions and continue to place repeat orders based on the consistency and control of crop quality, yields and harvest cycles achieved."
Heliospectra's product portfolio continues to expand the capabilities of advanced controls and automated light schedules for AgTech and commercial crop producers. At the same time, Heliospectra is dedicated to delivering durable, high-quality products.
"Ag-Tech companies are assertive about their need for a durable solution to support consistency in their research and commercial applications," Ahmadian explained. "We are proud that this customer is continuing to place repeat orders based on the high reliability and quality of our lighting solutions as well as the commitment from the Heliospectra team."
The full order will ship in Q3 and will be visible in the accounts for Q3.
Heliospectra is showcasing the LX60 and the new CORTEX control system at Cultivate 2017, 15-18 July, in Columbus, Ohio. To book a meeting, please visit - info.heliospectra.com/cultivate2017. For more information on our solutions, visit www.heliospectra.com or call +46-31-40-67-10 (+1-888-942 GROW for Americas).
CONTACT:
Investor Relations:
Ali Ahmadian, CEO of Heliospectra | +46-(0)-72-203-6344 | Ali.Ahmadian@heliospectra.com
Redeye is Heliospectra's Certified Advisor for Nasdaq First North - www.redeye.se
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SOURCE Heliospectra
