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BRIEF-Heliospectra To Partner With Nectar Farms In Australia

Published 24/10/2019, 05:26 pm
© Reuters.  BRIEF-Heliospectra To Partner With Nectar Farms In Australia

Oct 24 (Reuters) - Heliospectra AB (publ) HELIO.ST :

* HELIOSPECTRA TO PARTNER WITH NECTAR FARMS ON MITRA LED LIGHTING SOLUTIONS FOR LARGE SCALE GLASSHOUSE INSTALLATION IN AUSTRALIA

* PRODUCTION WILL NOT BE INITIATED UNTIL HELIOSPECTRA RECEIVES DOWN PAYMENT

* REVENUE IS EXPECTED DURING SECOND AND Q3 OF 2020 WHEN LIGHTING IS SCHEDULED TO BE SHIPPED AND INSTALLED.

* ORDER VALUE IS SEK 72 MILLION AND INCLUDES A DOWN PAYMENT OF 50 PERCENT DURING Q4 2019

* REVENUE IS EXPECTED DURING SECOND AND Q3 OF 2020 WHEN LIGHTING IS SCHEDULED TO BE SHIPPED AND INSTALLED.

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