LED iBond wins the first orders for the newly launched high-power toplighting lamp targeted the large international indoor greenhouse industry

COMPANY ANNOUNCEMENT NO. 93

Inside information

LED iBond is proud to announce the first orders of the company's newly launched toplighting lamp. One of the orders is a large-scale project of toplighting lamps for 2000 m2 greenhouse production area. The value of the specific order is DKK 0.5 million.

As announced in company announcement no. 80, 1 November 2023, LED iBond has developed a unique toplighting lamp (HORTISABER^TM) targeted commercial greenhouse facilities around the world. Benchmarked against other LED toplighting lamps on the market, the technical specifications of the up to 6-meter-long lamp are believed to be unique in several aspects such as highest light homogeneity, market leading thermal management, and low installation cost due to smart mounting design of the long linear lamp.

The HORTISABER^TM lamp has over the last 4 months been tested by two of Denmark's largest greenhouse facilities and the initial test results and technical performance is very encouraging.

Martin Løbel, CEO of LED iBond International comments:

"We are delighted to see the first orders for the HORTISABER^TM product so quickly after the product launch in November last year. We strongly believe that the HORTISABER^TM lamp is distinctive on the market, and we experience quite an interest from both clients in Denmark as well as internationally. The latter stated by a recent order from a client in UK.  We are also pleased with the high interest and have submitted several quotations to potential clients who show interest in evaluating our technology and product. We see the recent orders and the general interest as a clear indication that our product is competitive and relevant for the greenhouse industry."

Further Information

Martin Løbel, CEO
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Company contact
LED iBond International A/S
Agern Allé 5A
2970 Hørsholm
Denmark

CVR 36041609

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www.ledibond.com

Certified adviser

Västra Hamnen Corporate Finance
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About LED iBond International A/S

Founded in 2014, LED iBond International offers innovative lighting solutions, based on years of development and deep knowledge of modern LED technology combined with advanced packaging and assembly technology. Our patented technology platform includes a very thin formfactor of only 6 mm for the light panels, offering a unique value proposition based on high design flexibility, robustness, IoT integration, and low total costs of ownership due to market leading energy efficiency and superior cooling properties. The technology platform also reduces the installation cost due to a modular design with a limited need for traditional electrical wiring.    

LED iBond's technology has been installed in many projects, ranging from intelligent shelf lighting to numerous large scale illumination projects such as various parking facilities and as the indoor installation of 3.2 kilometres of TRACY®, the company's innovative flagship product, at the Technical University of Denmark. LED iBond's has also developed software-based advanced light management systems for control of lighting solutions.

LED iBond is focusing on three key business lines: Smart Building (Industry & Home), Indoor and Vertical Farming, and UV Disinfection, all projected to show significant growth in the years to come. For Indoor and Vertical Farming segments, LED iBond's roadmap includes lighting solutions which incorporate advanced IT management with monitoring using sensors, cameras, and plant analysis.

Manufacturing takes place in Denmark in LED iBond's own production facility with highly automated assembly lines.

LED iBond International A/S is admitted to trading on Nasdaq First North Growth Market Denmark (ticker: LEDIBOND).

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