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COMPANY ANNOUNCEMENT NO . 32 26 August 2021 LED LBOND LED iBond International A / S Agern Allé 5A 2970 Hørsholm Denmark CVR 36041609 +45 7070 7855 info@ledibond.com www.ledibond.com Interim report for the second quarter and first half of 2021 : Half - year revenue up 81 % , solid pipeline , revised financial outlook due to COVID - 19 Today , LED iBond International's ( LED iBond ) Board of Directors approved the interim report for the second quarter ( Q2 ) of 2021. Highlights of the report include : Business development In general , LED iBond's sales pipeline is solid and grows at a steady pace . Vertical farming : The vertical farming market , in particular , is showing continued strong growth . LED iBond has received a substantial number of requests for proposals for lighting solutions for indoor farming projects . The company has agreed to deliver a small - scale vertical farming test facility in Q3 to demonstrate the superiority of LED iBond's vertical farming solution . Pending offers for vertical farming equipment amounts to tens of millions of DKK . However , the widespread COVID - 19 related slowdown still affects many global markets , delaying LED iBond's commercial development , especially within smart buildings and UV - C disinfection . Some sales processes are dragging out , and some ongoing customer projects are delayed due to travel restrictions , transportation bottlenecks , component shortages and temporary reprioritisations . LED iBond foresees that these market challenges will persist for the remainder of 2021 and may extend into 2022 . Smart buildings : Supply chain bottlenecks and general uncertainties are causing delays in many smart building segments . For instance , an extensive elevator renovation project in Singapore has been paused since April 2020 , awaiting the reopening of non - critical projects by the Singapore government . A notable exception is the gas station segment , where several lighting renovation projects have recently been resumed . Also , the EUDP development project for intelligent infrastructure solutions is progressing as planned . UV - C disinfection : LED iBond's disinfection systems and manufacturing facilities for airport security checkpoints are now fully developed and approved for international sales by Intertek , Sweden . However , the general market slowdown is curbing airport investments . Consequently , the previously announced order for 50 disinfection systems for airport security checkpoints has been postponed , and a new delivery date has not yet been agreed . As LED iBond's UV - C disinfection technology can effectively supplement vaccines and other