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COMPANY ANNOUNCEMENT NO . 40 30 November 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 third quarter of 2021 : Year - to - date revenue up 8 % , pipeline still growing , particularly within Vertical Farming Today , LED iBond International's ( LED iBond ) Board of Directors approved the interim report for the third quarter ( Q3 ) of 2021. Highlights of the report include : Business development Overall , new business opportunities are continually identified and validated , in particular within vertical farming , where the sales pipeline is constantly growing , and the first installations have been successfully delivered . However , the COVID - 19 pandemic and the global shortage of electronic components are slowing down execution and revenue generation . Vertical farming : In a test facility , LED iBond firmly demonstrated during Q3 that its vertical farming solution provides best - in - class lighting coverage of lettuce and other microgreen cultures , securing consistent production yields and optimal growth control . In parallel , the company increased the volume of pending offers for international vertical farming projects with expected delivery in 2022 . Smart buildings : In Q3 , LED iBond continued to develop its business relationship with Nobia . Under the collaboration with Bluetop Solar Parking ApS , LED iBond also received orders for lighting equipment for the first three charging stations of Gridserve's " Electric Highway " in Britain . In the gas station segment , the widespread lack of third - party installers is slowing down the completion of orders . During the quarter , LED iBond welcomed B2 , a leading Korean lighting management and architectural lighting company , as distribution partner in Korea . Using TracyⓇ and The Plane® , B2 has developed a range of innovative lighting solutions which are now being introduced to the Korean market . Technology : In cooperation with sub - suppliers and potential customers , LED iBonds is preparing three demo - cases under the Energy Technology Development and Demonstration Program ( EUDP ) , managed by the Danish Energy Agency . The demo - cases will showcase the benefits of integrating novel IoT sensor components and the Tracy concept . Business conditions : LED iBond's commercial development is still impacted by the COVID - 19 pandemic as travel restrictions limit sales activities . In addition , the global supply chain