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.
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