(GOTHENBURG, Sweden/SAN FRANCISCO, CA, November 20, 2017 – Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO), a world leader in intelligent LED lighting technology for greenhouse and controlled plant growth environments, is proud to announce they have been ranked the second-fastest growing technology company in Deloitte’s prestigious Sweden Technology Fast 50.  

Photo: Ali Ahmadian at the award ceremony November 14th 2017.

“We are proud to be honored as the second-fastest growing company by Deloitte Sweden Technology Fast 50. This award is a well-deserved recognition for my team at Heliospectra and all their hard work and dedication to quality and innovation,” says Ali Ahmadian, CEO of Heliospectra. “As LED lighting is rapidly gaining momentum in the horticulture industry, our world-class team and cutting-edge technology are being recognized by customers and partners around the globe.”

The Sweden Technology Fast 50 ranking includes public and private companies, large and small, in all areas of technology. The award is based on the revenue growth over the last four years and Heliospectra came second with revenue growth of 4 643 percent. The announcement came shortly after the release of the company’s strong interim report. 

“Our success reflects strong execution in many business areas, from creating customer-centric, value-based processes to offering the industry’s most advanced product portfolio. With the launch of our new HelioCORE control system in the beginning of 2018, we will take a big step forward in automating lighting within production environments. Growers will be able to standardize production cycles and forecast returns by using sensors and dynamic light controls,” continues Ahmadian. “We are confident that we will continue our strong growth and make our sustainable food production solutions available to growers all around the globe.”

The ranking is conducted in 20 countries and regions in Europe, Asia, and Australia, with the United States also coordinating regional Fast 50 -programs. All Swedish Technology Fast 50 companies will be nominated to the Fast 500 competition in Europe, the Middle East, and Africa (EMEA).

The 2017 award was particularly competitive due to overall strong growth in the Swedish technology sector. Deloitte partner Erik Olin explains, “The climate on the stock market has been extremely good the last couple of years, especially for Swedish tech companies. This year’s ranking has more public companies than ever before. Also outside of the stock market, a record amount of money from venture capital was invested in Swedish technology companies.”