SOURCE: Heliospectra AB

Heliospectra AB

October 13, 2015 13:07 ET

Heliospectra AB -- Outcome of Subscription Warrants Provides the Company With Approximately 2.8 Million USD

GOTHENBURG, SWEDEN and SAN FRANCISCO, CA--(Marketwired - Oct 13, 2015) - Heliospectra AB (OTCQB: HLSPY) (FIRSTNORTH: HELIO), a world leader in intelligent LED grow lights for plant science and greenhouse cultivation, will receive approximately 2.8 million USD (22.5 MSEK), before transaction costs, through the utilization of subscription warrants of Series TO 1. The subscription price was 10 SEK per share.

Weland Värdepapper AB, the parent company of Heliospectra's largest owner Weland Stål AB, has signed its full holdings of warrants corresponding to 10 million SEK (about 1.2 million USD) and Midroc New Technology has utilized their warrants for a subscription of 1 million SEK (about 120000 USD).

The outcome means that about 90% of the subscription warrants in series TO 1 has been used. The contribution will be used to accelerate sales approaches, particularly in the expanding US market. "Heliospectra has recently received several orders, which means a strong commercial breakthrough in the US, and we anticipate continued strong growth in sales of our products," says Staffan Hillberg, CEO, Heliospectra.

The new shares will be delivered as soon as the registration with the Swedish companies' registration office has taken place. Following the transaction, Heliospectra AB will have a total of 18,542,196 pieces of shares. The Company reserves the right for minor discrepancies in connection with the final registration of the issue.

G & W Fondkommission AB has acted as financial advisor to Heliospectra AB in connection with the transaction. Aktieinvest FK AB is acting as the issuing institution.

About Heliospectra AB
Heliospectra AB (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 $ 18 million in capital and has received more than $2.6 million through academic scholarships and grants. It 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, Wood & Hill Investment www.whab.se.

Forward-Looking Statements
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.

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