Heliospectra Named Marijuana Industry Technology Leader

Heliospectra Receives The Cannabist Award for Lighting Technology

GOTHENBURG, Sweden & SAN FRANCISCO–(BUSINESS WIRE)–Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) (STO:HELIO), a
world leader in intelligent
lighting technology
 for controlled environments horticulture,
announced today that the company was recognized as the Industry Leader
in Lighting Technology award winner at the
Second Annual Cannabist Awards
.

Patented Heliospectra
LED lighting technologies
are the frontrunner in the competitive
landscape of cannabis grow lights because they are designed specifically
for both greenhouse and sole-source cultivation environments. Featuring
custom optics and rigorously researched color wavelengths to optimize
plant health and performance, Heliospectra IoT lighting solutions offer
real-time feedback, integrated software controls and advanced
connectivity with plant and environmental sensors to boost operational
efficiencies.

“It is a thrill to win this prestigious award,” said Caroline Nordahl
Wells, general manager for Heliospectra Americas. “Our primary goal is
ensuring our customers are successful using Heliospectra technology.
This recognition from such a reputable organization is a powerful
endorsement of the hard work by our engineering and research teams here
in North America and in Sweden.”

The company’s momentum continues to accelerate along with the legal
marijuana industry in North America and is bolstered by unprecedented
customer results achieved at The
Grove Nevada
and other cannabis cultivation leaders. Heliospectra
LED grow lights enable businesses in the medicinal cannabis sector as
well as global agriculture and horticulture industries to increase sales
and fast-track ROI by reducing electric consumption and HVAC load while
providing consistent, high quality harvests.

The Cannabist Awards recognize the world’s top researchers,
technologists, thought leaders, products, influencers and
philanthropists. A panel of expert judges, including some of the most
respected leaders in many verticals in the industry from all over the
US, Canada and Spain, selected winners in 40 categories. The awards
celebrate the best in cannabis and hemp technology, research,
sustainability, education, philanthropy and other forward-looking facets
in the evolving cannabis space.

The Cannabist Awards is held by a division of The Denver Post, The
Cannabist, a primary news source for the legal marijuana industry. The
publication is widely recognized as one of the top marijuana industry
publications. Fortune magazine named its editor Ricardo
Baca
 one of the seven most powerful people in American cannabis. The
Cannabist Awards highlights the brightest and most progressive names in
the marijuana industry. The second annual Cannabist Awards were
presented at a live event in Las Vegas on November 16, 2016 during the
Marijuana Business Conference & Expo and winners were selected from more
than 2,400 submissions.

G&W is Heliospectra’s Certified Advisor for Nasdaq First North – www.gwkapital.se www.heliospectra.com

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About Heliospectra AB

Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH: HELIO) (www.heliospectra.com)
specializes in intelligent lighting technology for plant research and
greenhouse cultivation. The Company’s lighting system provides an
effective and durable technology for cultivating greenhouse and indoor
plants by combining several different groups of versatile light emitting
diodes (LEDs) with optics, remote sensing techniques, and a robust heat
dissipation solution. This proprietary setup gives growers the ability
to control the intensity and wavelengths of the light emitted, creating
a spectrum specifically adjusted to different plant species and growth
stages to better facilitate photosynthesis. The complete,
highly-engineered lamp produces crops that look better, taste better,
and have a longer shelf-life than those grown under HID lamps. The
technology not only reduces energy consumption by up to 50 percent, but
also helps stimulate growth characteristics and improve plant quality.
Other benefits include reduced light pollution, lower mercury use due to
the avoidance of traditional HID/HPS bulbs, and less HVAC investment and
monthly expense requirements.

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 $ 21 million in 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,
Avanza Pension www.avanza.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.

This information is information that Heliospectra AB (publ) is obliged
to make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of the
contact person set out above, at 14:00 CET / 8 AM EST on November 23,
2016.

This information was brought to you by Cision http://news.cision.com

Contacts

Heliospectra
Investor Relations:
Staffan Hillberg, CEO
+46
(0)708 36 59 44
staffan.hillberg@heliospectra.com
or
Viridian
Capital Advisors, LLC
Michael Swartz, Senior Analyst
+1
212-333-0257
mswartz@viridianca.com