Published: 2020-07-30 07:19:53 CEST
HansaMatrix
Other information disclosed according to the rules of the Exchange

CORRECTION: LightSpace Technologies with European Commission signs 2.25M EUR Horizon 2020 grant agreement

Riga, 2020-07-30 07:19 CEST -- Changes made in headline of the announcement, the text of the announcement is not changed.

On July 28, 2020 HansaMatrix associated company LightSpace Technologies has signed Grant Agreement No 960828 with European Commission to receive grant funding of 2.25 Million EUR from European Union's Horizon 2020 research and innovation programme.

Further up to 1.7 Million EUR equity investment by EIC Fund is expected to be signed and received by LightSpace Technologies as blended financing contribution.

LightSpace Technologies has won strong 4000 project competition in Horizon 2020 EIC accelerator program call focused on COVID-19 treatment initiatives with action "Next Generation Enhanced Augmented Reality 3D Glasses for medical education, pre-procedural planning, intra-procedural visualization, and patient rehabilitation — NGEAR 3D".

During demonstration of headset prototype by LightSpace Technologies managing director Madara Kalnina-Kalnmale to Oncology Centre of Riga East University Hospital, the doctor in radiology Dr. Ilze Engele indicated that LightSpace AR headset would give huge added value to oncology surgeons allowing more easy review of CT (Computed Tomography) and MRI (Magnetic Resonance Imaging) data in high resolution 3D for surgery pre-procedurial planning.

About LightSpace Technologies

LightSpace Technologies is 3D optical solutions company developing key enabling technologies for Multi Focal Accommodating AR headsets and future glasses free lightfield and volumetric 3D image displays. It is jointly owned by Nasdaq Baltic listed HansaMatrix AS (HMX1R) Company with a number of a finance VC investors. Its mission is to create 3-dimensional image display technologies that visualize optically deep 3D images that naturally accommodate human vision system and without harm to eyes can be used for long periods by professionals and consumers. For more information, please visit LightSpace Technologies website at www.lightspace3d.com.

About HansaMatrix

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial segments and other services to high added value business segments. In addition to complete manufacturing services of OEM products, the company offers an ODM business model to both start-up and established companies that seek product development partnerships.

Contacts:

LightSpace Technologies

Madara Kalnina-Kalnmale

Managing Director

Phone: +371 6780 0009

E-mail: info3d@lightspace3d.com

https://www.lightspace3d.com/

HansaMatrix

Māris Macijevskis, CFA
Management Board Member, Finance Director
Phone: (+371) 6780 0002

E-mail: invest@hansamatrix.com

http://www.hansamatrix.com