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

Heliospectra AB (OTCMKTS:HLSPY) announced that that through a unique agreement between Midroc New Technology and GORD – the Gulf Organisation for Research and Development, a new and revolutionary environmental technology from four Swedish companies will be displayed in a special full-scale facility in Qatar’s capital Doha.

As quoted in the press release:

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).

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.

Click here to read the full Heliospectra AB (OTCMKTS:HLSPY) press release.