Heliospectra AB (OTCQB: HLSPY) is engaged as a developer and distributor of LED lighting technology for greenhouse cultivation and controlled environments. Shares of the lighting solutions provider are jumping 13.96%, through early trading on Friday, August 4, 2017. Over the past month, Heliospectra AB has seen average daily volume of 3,348 shares. However, volume of 32,241 shares or dollar volume of $18,738, has already exchanged hands on Friday.

Shares of Heliospectra AB are gaining today, after the company announced it has received an order to provide LED lighting solutions for indoor controlled facility within Portugal. The order is currently valued at $77,500 and will include the company’s E60 lighting solutions. Here is the full press release detailing of the LED lighting contract:

Heliospectra AB Press Release:

GOTHENBURG, Sweden and SAN FRANCISCO, August 2, 2017 /PRNewswire/ —Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces a new order from a new cultivation facility in Portugal. The indoor controlled environment facility is investing in Heliospectra lighting solutions to accelerate harvest cycles and increase yields. The order is valued at $77,500 (628 555 SEK).

The order includes Heliospectra’s E60 lighting solutions which provide an optimized, fixed spectrum of blue, white and red wavelengths that can be used across food, ornamental and flowering plants from seedling and propagation to final harvest. The 600W Heliospectra lamps are far more energy-efficient than traditional high pressure sodium (HPS). Heliospectra solutions deliver superior performance and durability while also achieving business advantages for growers and producers in the global marketplace.

“Our newest customer recognizes the value generated by Heliospectra. The proven results achieved with our lighting solutions ensure that commercial growers can reduce days to harvest in the production cycle. Producers can bring fresh, locally grown products to market faster,” said Ali Ahmadian, CEO of Heliospectra. “The ability to accelerate harvest while increasing yields and improving the nutrition, appearance and quality of crops provides reliable, repeatable production forecasts and negotiation advantages for our customers in the retail marketplace.”

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