HansaMatrix associated company Lightspace Technologies (the Company) provides a business update for Q3 2022.

The Company has delivered exceptional results and completed the project NGEAR 3D: ”Next Generation Enhanced Augmented Reality 3D Glasses for medical education, pre-procedural planning, intra-procedural visualization, and patient rehabilitation”. It is Horizon 2020 (SME Instrument) project during which company have received 2.25 M EUR EU grant funding.

It is already been notified that the Company has released and started small series production of its multi focal Augmented Reality headset iG1050 specifically developed for use in Operating Room by operating surgeons. Company has already delivered its products to its partners – healthcare AR application developers. Among its initial customers there are two global Med techs with large market shares.

During Q3 the Company managed to attract additional bridge funding of 0.6 M EUR from local business angel’s network. Investments will continue to fund Lightspace product manufacturing and deliveries. Investor names, in accordance with the terms of the agreement, will not be disclosed.

The Management of Lightspace continues company development towards becoming listed entity. Further information about the listing process will be disclosed in accordance with the requirements of applicable law.

HansaMatrix through its subsidiary Lightspace Holding AS holds non-controlling equity stake of 53.4% shares in the Company before dilution by pre listing investment round and listing funding.

Investor and media contact:

Māris Macijevskis, CFA
Management Board Member, Finance director
Phone: (+371) 6780 0002
E-mail: invest@hansamatrix.com
http://www.hansamatrix.com

Girts Zile
Finance Director
Phone: (+371) 6780 0009
E-mail: invest@lightspace3d.com
https://www.lightspace3d.com

About JSC “HansaMatrix”

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial and other high added value business sectors.

About LLC “Lightspace Technologies”

Lightspace Technologies is a Deep Tech company with its own R&D laboratories, industrialization and fabrication facilities developing key technologies for the next generation of augmented reality. A global leader in volumetric, multi-focal and holographic technologies that add true sense of reality.