(Alliance News) - Windar Photonics PLC on Wednesday said that it has secured EUR240,000 in development funding from the Eurostars for its LAWIS project.
The company, which is developing LiDAR wind sensor for use on electricity generating wind turbines, said the total project grant now amounts to EUR700,000 and includes the Technical University of Denmark and an optical manufacturer in Lithuania.
The aim of the LAWIS project is to develop and demonstrate a one-unit LiDAR solution that combines the optical LiDAR head with the control unit and at the same time offer cost reductions and technological benefits.
Martin Rambusch, general manager of Windar, said: "I am very pleased that Windar's participation in this development project is alongside strong partners within the industry. The development and demonstration of the one-unit LiDAR solution will benefit our global customers as we are able to optimize our LiDAR offering even further, and at the same time add more features to our already developed LiDAR solutions."
Windar shares closed at 32.55 pence each in London on Wednesday, up 8.5%
By Tapan Panchal; tapanpanchal@alliancenews.com
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Windar Photo (WPHO)