LED iBond announced two orders for large scale carport projects in Germany and the UK that includes both the patented product TRACY® together with LED iBond's Smart Light Control system. LED iBond has also received an order for a larger indoor parking garage project in Copenhagen that includes TRACY® together with LED iBond's software-based Advanced Light Management solution. The three orders booked amount total DKK 0.5 million.

The order for the project in UK is only first phase of a very large parking facility under construction, and additional orders for this project is expected for first quarter of 2024 (expected order value is minimum DKK 0.5 million). LED iBond's Advanced Light Management system is based on proprietary software and hardware. The system is in beta phase and the first implementation of the light management system is scheduled for the end of year, when the indoor parking facility in Copenhagen is completed.

The system can control even the larger lighting installations with a broad range of functionality such as dynamic lighting zones, varying schedules, and multiple scenarios to support multiple use cases. In addition to customer needs for lighting control solutions, customers also request emergency light solutions in case of electrical black outs in an area. Such emergency functionality is required by law in most countries, and consequently LED iBond has developed an emergency power supply solution that works with TRACY® light panels; This allows TRACY® light panels to light up even during electrical black outs and act as emergency lighting.

The value to customers is that they can save the cost and installation of dedicated emergency lamps. The indoor parking garage project in Copenhagen is the first project that includes LED iBond's emergency power supply solution. The emergency lighting solution is an example of additional offerings that LED iBond is pursuing to make the product portfolio for parking facilities even more complete and attractive to potential customers.