NEW YORK and GOTEBORG, Sweden, Feb.
19, 2015 /PRNewswire/ -- Heliospectra AB (OTCQB: HLSPY,
FIRSTNORTH: HELIO), a world leader in intelligent lighting
technology for plant research and greenhouse cultivation, is
pleased to announce that it has engaged Viridian Capital &
Research for financial and corporate advisory services.
Heliospectra develops unique, patented lighting systems for the
greenhouse market using the latest LED technology and sensors that
can detect the level of a plant's health and the level of
efficiency with which the plant utilizes different spectrum of
light. Advanced software is used to control lamp intensity
and spectrum, providing a complete biofeedback system, which the
Company has patented. This intelligent lighting platform
provides numerous advantages, including:
- Ability to control plant growth and regulate throughput to meet
market demands
- Shorter grow cycles
- Increased crop yield
- Reduced energy usage by up to 50%
- Longer shelf life
- Reduced consumption of water
- Up to 50% reduced scrap in the greenhouse
Staffan Hillberg,
Heliospectra's's CEO, commented, "Over the next 40 years, world
population is expected to swell to 9 billion people and the United
Nations' Food and Agriculture Organization predicts that in time
global food production will need to increase by 70 percent.
Heliospectra's lighting system is centered around its ability to
understand plant characteristics/needs and modify lighting, to fast
track growth in an optimized manner. As we build our Company we
decided to engage an advisor that can not only help to bring growth
capital and visibility within the investment community, but also
expertise on our corporate development. This is why we chose
to engage Viridian Capital & Research."
Scott Greiper, President of
Viridian Capital & Research, stated, "Heliospectra's patented
biofeedback system helps growers in different agricultural
industries to efficiently and cost effectively improve plant
cultivation. What makes Heliospectra technology particularly
unique is that it's based on Internet of Things (IoT) technology,
combining sensors – which monitor the condition of plants and how
they use the light – with state-of-the-art software that controls
the lights. We are thrilled to have the opportunity to help
support the growth of this Company."
About Heliospectra AB
Heliospectra AB (publ - listed on NASDAQ OMX First North HELIO
ISIN SE0005933082 as well as North American ADR OTCQB: HLSPY Cusip: 423281104)
(www.heliospectra.se) specializes in intelligent lighting
technology for plant research and greenhouse cultivation.
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 $ 15 million in venture
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.woodhillinvestment.com.
About Viridian Capital & Research, LLC
Viridian Capital & Research, LLC, (www.viridiancr.com) is a
specialized boutique banking and strategic advisory firm that
provides research, investment banking, investor relations
and corporate development services to emerging growth
companies in the cannabis sector. Our banking practice,
through broker-dealer Pickwick Capital Partners, provides capital
and M&A to fund the growth of our clients, while our advisory
practice helps to position and build their
business. Leveraging our team's decades of high level
operating and transactional experience on Wall Street,
in industry and in the government, we provide flexible
comprehensive strategic and financial solutions that assist
cannabis enterprises in realizing their full potential.
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 that are
subject to change. Potential risks and uncertainties include, but
are not limited to, technical advances in the industry as well as
political and economic conditions present within the industry. We
do not take any obligation to update any forward-looking statement
to reflect events or developments after a forward-looking statement
was made.
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SOURCE Heliospectra AB