Unique Cooperation Between Qatar and Sweden Provides Gulf States New Swedish Environmental Technology

SAN FRANCISCO, CA / ACCESSWIRE / May 28, 2015 / Heliospectra AB (OTCQB: HLSPY, FIRSTNORTH: HELIO),
a world leader in intelligent lighting technology for plant research
and greenhouse cultivation, is part of a unique agreement between Midroc New Technology and GORD – the Gulf Organisation for Research and Development.

New and revolutionary environmental technology from four Swedish
companies will be displayed in a special full-scale facility in Qatar’s
capital Doha. This opportunity may lead to a number of Gulf States
choosing Swedish technology in a major investment in sustainable
development, and is the outcome of an agreement between Midroc New Technology and GORD, the Gulf Organisation for Research and Development for the six Gulf States of the GCC (Gulf Cooperation Council).

“With resources from Qatar and technology from Midroc’s
portfolio companies, we will be able to showcase new solutions that are
sustainable in the long term for our planet and that are possible
already today,” says Göran Linder, CEO of Midroc New Technology.

The full-scale demonstration facility will be placed in Qatar Science
& Technology Park and will contain a number of functions, from
living quarters and workplaces to greenhouses. The idea is that one will
be able to see all these different technologies together in one place,
from the late summer of 2015 onwards.

The GORD Research Organisation is responsible for developing sustainable solutions for the whole of the GCC
(Qatar, Saudi Arabia, United Arab Emirates, Oman, Kuwait and Bahrain).
This means that the innovations that will be presented could in time
become the standard for all the member states. In an effort to
accelerate the introduction of technologies for world improvement, four
of Midroc’s portfolio companies achieve a unique position.

– Heliospectra offers intelligent
lighting systems for greenhouse cultivation that can also be used in
extreme environments. In comparison with conventional solutions, less
energy and water is consumed, there is no wastage, crop yield is
increased – and the crops taste better.

– Powercell has developed fuel
cell technology which converts diesel and hydrogen into electricity
highly efficiently. This allows energy consumption to be reduced by 50
percent while completely eliminating exhaust gases and toxic emissions.

– Air to Air has technology for both heat and moisture exchange,
giving the best possible control of indoor climate with the least
possible energy consumption.

– Solarwave offers solutions
driven by solar energy for water purification and desalination, making
it possible to use water that would otherwise be undrinkable. Their
compact plants can be as small as a backpack, or big enough to supply
thousands of litres per hour.

The two parties to the agreement are:

– Gulf Organisation for Research and Development (GORD), a non-profit governmental organisation whose purpose is to promote environmentally friendly and sustainable solutions in Qatar and the countries included in the GCC, Gulf Cooperation Council.

– Midroc New Technology, a member of the Midroc
Europe Group, is a venture capital company that invests in
groundbreaking technologies with global relevance in the environmental
and renewable energy fields.

About Midroc Europe

Midroc Europe has operations in
properties, construction, industry and environmental technology. The
operations are international, with Sweden as base. Midroc has 3200 employees and turnover in 2014 was more than SEK 5 billion.

About Heliospectra AB

Heliospectra AB (publ – listed on NASDAQ OMX First North HELIO ISIN SE0005933082 as well as North American ADR OTCQB: HLSPY Cusip:
423281104) (www.heliospectra.com) specializes in intelligent lighting
technology for plant research and greenhouse cultivation. Heliospectra
products are based on in-depth knowledge in plant physiology and
photosynthesis along with a unique way to utilize modern LED technology.
After six years of development in Sweden, the company has now begun to
expand into the international market. The company has raised more than $
15 million in venture capital and has received more than $2.6 million
through academic scholarships and grants. It has also received numerous
awards for its forward thinking technology. Principal owners: Weland Steel www.welandstal.se, Swedish Industrial Fund www.industrifonden.se, Midroc www.midroc.se, Wood & Hill Investment www.whab.se.

Forward-Looking Statements

The statements in this press release constitute forward-looking
statements within the meaning of federal securities laws. Such
statements are based on our current beliefs and expectations and are
inherently subject to significant business, economic and competitive
uncertainties and contingencies, many of which are beyond our control.
In addition, such forward-looking statements are subject to assumptions
with respect to future business strategies and decisions that are
subject to change. Potential risks and uncertainties include, but are
not limited to, technical advances in the industry as well as political
and economic conditions present within the industry. We do not take any
obligation to update any forward-looking statement to reflect events or
developments after a forward-looking statement was made.

Contact

Investor Relations:
Michael Swartz
Analyst
Viridian Capital & Research, LLC
212-333-0257 
mswartz@viridiancr.com

Staffan Hillberg, CEO
Heliospectra AB
+46-708-36 59 44
staffan.hillberg@heliospectra.com

SOURCE: Heliospectra AB

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