Brief: Heliospectra To Partner With Nectar Farms In Australia

Heliospectra AB (publ)

24/10/2019 07:26

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.

Source text for Eikon:  ID:nWkr7Z99BF 
Further company coverage:  HELIO.ST 

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