Heliospectra AB (publ) Interim Report January-September 2019


GOTHENBURG, Sweden and TORONTO and TOKYO and SAN FRANCISCO, Oct. 25, 2019 /PRNewswire/ — Heliospectra AB (publ) (OTCQB: HLSPY) (FIRSTNORTH Development Market place: HELIO), a planet leader in intelligent lighting technologies for greenhouse and controlled plant development environments, presents Interim Report for January-September 2019.

SALES AND Monetary Functionality, January – September

Net sales amounted to KSEK 22 746 (34 287). The operating loss amounted to KSEK -33 043 (-21 232) KSEK,
signifying a unfavorable operating margin (neg). The loss just after tax was KSEK -33 043 (-21 232) or SEK -.71 (-.61) per share.

Considerable EVENTS

January – March

Heliospectra’s helioCORE&#x2122 light handle program recognized by the American Society of Agricultural and Biological Engineers with a 2019 AE50 Award.

Heliospectra’s technical solutions portfolio re-branded below helioCARE&#x2122.

Major European Analysis Facility Invest in Heliospectra’s LED Lighting Options. The study firm is expanding its greenhouse production and has placed an order for Heliospectra’s totally adjustable ELIXIA LED lighting answer. The order worth is SEK two, million (€ 189,000).

Heliospectra AB’s Year Finish Report was published 22 Februari 2019.

Heliospectra carries out rights situation and receive bridge financing. the Company’s Board of Directors proposes a new share situation of roughly SEK 52.7 million with preferential rights for current shareholders. The terms of the rights situation are that three current shares entitle the shareholder to subscribe for 1 new share at the value of four.five SEK. The rights situation is 100 % underwritten by means of subscription and assure commitments by the Company’s biggest shareholders, the Weland Group and Midroc.

Notice to attend the added ordinary common meeting of Heliospectra AB was published 22 Februari.

Added ordinary meeting was held March 12 2019 at Hotel Riverton on Stora Badhusgatan 26, 411 21 in Gothenburg. The selection was taken to conduct a correct situation and introduce a new incentives system for stock warrants to senior executives and essential personnel.

Hans Naess appointed new CFO of Heliospectra AB. Hans has acted as interim CFO considering the fact that September 24, 2018. He started the part as CFO on March 1st, 2019.

Publication of Heliospectra AB’s prospectus in regards to the correct situation was created on February 22, 2019.

Heliospectra AB expands North America markets with formation of Heliospectra Canada, Inc in Toronto, Canada. The Corporation also continues to scale Heliospectra’s executive leadership, sales and technical solutions teams with company units committed to industrial meals producers and licensed industrial cannabis operations in each the United States and Canada.

Ljusgårda AB continues expansion with investment in Heliospectra’s revolutionary LED lighting options with further orders of Heliospectra’s totally adjustable ELIXIA LED lighting options. The order worth is SEK five.7 million (USD $ 611,450).

April – June

Heliospectra AB publishes outcomes in the rights situation. The subscription period for the rights situation in Heliospectra AB (publ) was completed on April three, 2019, and the consolidation shows that the situation was subscribed to just more than 76 %. Subscription with the help of subscription rights corresponded to roughly 72 % and subscription with no the help of subscription rights corresponded to roughly four % of the presented shares. The remaining shares, corresponding to roughly 24 per cent of the situation, are allotted to the underwriters who, in agreement with the Corporation, have undertaken to subscribe for shares in the situation in relation to the commitments created. The rights situation brings the Corporation roughly SEK 52.7 million ahead of situation expenses.

Heliospectra published cmplementary prospectus with regards to Heliospectra’s rights situation. The complementary prospectus was authorized and registered by Swedish Monetary Supervisory Authority on March 19, 2019.

Heliospectra AB sponsors the upcoming MJBizDaily Cannabis Symposium in Copenhagen, Denmark.

Heliospectra’s incentive system transfer stock warrants to senior executives and essential personnel.

Heliospectra introduces MITRA – a revolutionary modular LED lighting answer with customizable
configurations. The uncomplicated, streamlined MITRA style boasts higher-intensity light output and electrical efficacy of up to two.9 µmol/J, and are developed for higher light crops, like cannabis and vine crops. MITRA goes into production in October.

Macedonian firm SOG DOO appears to automate the light atmosphere with Heliospectra’s options, and have decided to invest in Heliospectra’s totally adjustable ELIXIA LED lighting answer and helioCORE&#x2122 light handle program. SOG DOO has also bought a helioCARE&#x2122 Technical Solutions help package to advantage from Heliospectra’s installation and cultivation knowledge. The order worth is SEK two.eight million (€ 260,000).

The CEO of Heliospectra, Ali Ahmadian, holds a presentation with regards to the theme “Vertical Farming two.: How light influences the future of food” at the AVFs forum for indoor expanding in the course of the Urban Future International Conference in Oslo May perhaps 22-24.

Notice to Attend the Annual Basic Meeting of Heliospectra AB was sent May perhaps 27

Heliospectra expands intelligent LED lighting options to consist of ELIXIA 600W higher-voltage adjustable spectrum light for greenhouse and indoor horticulture applications. The higher input voltage ELIXIA fixture is appropriate for bigger facilities making use of industrial scale electrification for cultivation and crop production.

Heliospectra annual meeting was held on June 27, 2019.

July – September

Västra Hamnen Corporate Finance commence surveillence of Heliospectra AB.

Heliospectra continues international expansion by establishing new subsidiary firm Heliospectra Japan Co., Ltd. and the opening of a new workplace in Tokyo, Japan, from July. Heliospectra has appointed Yasuhiro Suzuki as Basic Manager.

Heliospectra announces a new order from John Innes Centre in the UK for the totally controllable ELIXIA LED light answer. Order worth is SEK two,four milllion (£ 200 000).
Considerable EVENTS Right after THE PERIOD

Heliospectra announces new order from Eco Canadian Organic Inc. for LED spectrum handle for higher-top quality production of cannabis. Order worth is SEK two million (CAD$ 277,000).

Heliospectra companion with Nectar Farms on MITRA LED Lighting Options for significant scale glasshouse installation in Australia. Order worth is SEK 72 million.

Dear Heliospectra AB (publ) Shareholder,

2019 presented some challenges for our sales group due to the gap in our item portfolio which is filled with introduction of revolutionary and higher-overall performance platforms of MITRA and SIERA. MITRA’s modular, higher-efficacy
style has gained a powerful interest in the market place and has filled a void in our existing item portfolio. The pivot in our item approach and the new item releases not only shape our future path but guarantee that Heliospectra remains the sector pioneer for horticulture lighting and controls.

In September, Heliospectra was recognized as the Lighting Method of the Year 2019 at the Develop Up cultivation conference in Ontario, Canada. This award and our participation in current horticulture tradeshows and photobiology speaking panels bolstered sales pipeline and garnered significantly international focus for the new MITRA series. With interest and orders constructing for MITRA, it is rewarding to see prospects quickly recognize the worth of superior overall performance and the flexibility of a modular kind element. MITRA in mixture with our helioCORE&#x2122 light handle program elevates Heliospectra above the crowd of competitors.

As we created new item options this quarter to straight address market place and buyer wants, we also reorganized our internal group to concentrate on frontline sales and strengthen the company’s topline development. These restructuring initiatives integrated my personal short-term move to Canada to establish the Heliospectra Canada workplace. Creation of a additional focused organization across our essential markets in North America drives vital adjustments and creates stronger neighborhood presence. These initiatives also allow Heliospectra to create powerful strategic partnerships with international players across the sector.

Although our selection to prioritize Heliospectra’s item roadmap brought on an anticipated drop in sales and order intake for this quarter compared to final year, the dedication of our item improvement group to release our new item lines has produced an quick development trajectory for 2020 and coming sales.

Heliospectra and our challenging-functioning group of workers are relentlessly focused on delivering company worth and profitability to cultivation teams about the planet as properly as to you, our shareholders. As normally, I thank you for your steadfast commitment to the Heliospectra vision.

Ali Ahmadian, CEO
Heliospectra AB (publ)

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