SOURCE: Heliospectra AB

Heliospectra AB

October 26, 2015 10:42 ET

Heliospectra AB's Interim Management Statement for the Period January-September 2015: Turnover Doubles With Continued Positive Development

GOTHENBURG, SWEDEN and SAN FRANCISCO, CA--(Marketwired - Oct 26, 2015) - Heliospectra AB (OTCQB: HLSPY) (FIRSTNORTH: HELIO), a world leader in the field of intelligent lighting technology for plant research and greenhouse cultivation, has continued its positive development and is reporting an increase in turnover to SEK 6.06 million (SEK 2.542 million) for the first nine months of the year. The company has therefore already doubled its turnover during the first nine months of the year compared with all of 2014. The operating profit/loss also improved to SEK -22.442 million (SEK -25.363 million).

'In addition to this, we have also taken an order worth over SEK 5.7 million to be delivered during the fourth quarter. We also have many systems being tested by customers around the world that we have expectations of. We are pleased to report that Heliospectra follows the aggressive plan we set in terms of both sales and costs. Overall, we can conclude that Heliospectra is continuing to develop positively,' says Staffan Hillberg, CEO of Heliospectra AB.

The fact that Heliospectra offers world-leading technology continues to be confirmed. Recently, two international reports were published that show that the market for LED lights for cultivation and intelligent greenhouses is expected to grow by 20 per cent every year until 2020. The use of medical marijuana is also continuing to increase in North America and is one of the fastest growing areas. 'The indications from the outside world are positive and we remain on the offensive when it comes to sales and our presence in the most important markets. World leading technology in several rapidly expanding markets and strong principal owners is an advantageous combination,' notes Staffan Hillberg.

Some of the most important events of our third quarter include:

  • Our biggest order ever worth USD 672,000 (SEK 5.7 million) from growers in Las Vegas in cooperation with American Cannabis. Installation during Q4.
  • Heliospectra presented to investors at the renowned MoneyShow in San Francisco.
  • Heliospectra completes new share issue -- raising SEK 25 million for the company.
  • Leading analyst firms include Heliospectra in a new greenhouse and LED plant lighting report.
  • Heliospectra expands its product portfolio -- launches two new LED growing lights during the autumn.
  • Heliospectra's patent application now also approved in Europe.
  • Principal owners Weland and Midroc exploit TO 1 to subscribe to Heliospectra shares.
  • Heliospectra's CEO gives a presentation to investors in the USA via a Webinar.

Heliospectra, interim management statement, covering period January-September 2015:

  • Net turnover amounted to SEK 6.063 million (SEK 2.542 million).
  • Operating profit/loss amounted to SEK -22.442 million (SEK -25.363 million).
  • Profits after tax were SEK -22.616 million (SEK -26.013 million) or SEK -1 (SEK -2) per share.
  • Operating cash flow was SEK -23.459 million (SEK -28.655 million).

The full report is available at http://ir.heliospectra.com/en/financial-reports/

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 $21 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

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Statements in this press release are statements about the future in the respect intended by federal securities laws. Such statements are based on our current beliefs and expectations, and are as such dependent on significant business-related, financial and competitive uncertainties and unforeseen events, many of which are outside of our control. Such statements about the future are also affected by assumptions relating to future business strategies and decisions that may be amended. Potential risks and uncertainties include, but are not limited to, technical progress in the industry, as well as political and financial conditions in the industry. We assume no liability for updating any statements about the future so that they reflect events or development that occurs after a statement about the future is made.

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