Major AgTech player lights up with Heliospectra’s E60

Research Note

2016-06-30

22:02

Heliospectra today announced an order valued at $0.54 million (SEK 4.6 million) from a "Fortune 500 AgTech company located in the USA". The order is a follow-up order for additional E60 LED grow lights, bringing the total count of E60's at the customer's to over 700. Today's order underlines the competitiveness of Heliospectra's solutions, both compared to other LED grow lights and traditional HID/HPS lamps. Furthermore, we see great potential in additional follow-up orders from the major AgTech player - we dare to say it is either Monsanto or Dow Chemical - who, according to Heliospectra, is the first major AgTech player to transition its greenhouses from HID/HPS to LED grow lights.

JW

Joel Westerström

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