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Last checked at 
1 Aug 2025 07:00
1 August 2025
("Windar" or the "Company")
AGM Statement and Directorate Change
Windar Photonics plc (AIM:WPHO), the technology group that has developed a LiDAR assisted Monitoring and Optimisation solution across multiple wind turbine platforms, is holding its Annual General Meeting ("AGM") today at 10.00 a.m. at which the Chairman David Lis will read the following statement:
"As recently stated in our FY results announcement in July, Windar is in a strong position, supported by a solid forward orderbook and a growing pipeline of opportunities and as a result is well placed to deliver a significant increase in revenues during 2025 compared to 2024. Furthermore, utilising our strong cash position, we are investing in developing our team, our manufacturing footprint and technologies so we can best deliver on our growth potential.
In North America, the outlook is positive, backed by an increased number of customer interactions which were further enhanced by our successful Cleanpower exhibition in May 2025. We are targeting closing 1-3 major contracts in the second half of 2025.
In Asia (outside China), we have seen increased activity especially in Japan and Australia. Beside several test projects - some already in progress - our target is to close 1 full farm rollout in the region in the second half of 2025.
In China, the operating environment has been challenging, nevertheless we have made direct sales approaches to specific IPPs, and we are expecting to see some uptake in activity in the second half of 2025.
As part of scaling the business we have completed the relocation of our main production and R&D facilities to a new larger site in Ishoj, Denmark, which will enable a quintupling of production capacity. In addition, we are close to signing a senior sales Director in both North America and Europe."
Directorate Change
The Company also today announces that Non-Executive Director, Andy Richardson will be stepping down from the Board at the conclusion of the AGM.
David Lis, Non-Executive Chairman, commented, "On behalf of the Board, I would like to thank Andy for his excellent contribution to developing the business and wish him well for all his future endeavours."
For further information, please contact:
Windar Photonics plc | |
Jørgen Korsgaard Jensen, CEO | Tel: +45 24234930 |
Gavin Manson, Director |
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Grant Thornton UK LLP - Nominated Adviser |
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Philip Secrett / Harrison Clarke / Elliot Peters | Tel: +44 (0) 20 7383 5100 |
Dowgate Capital - Broker | |
James Serjeant / Russell Cook | Tel: +44 (0) 20 3903 7715 |
Novella Communications | Tel: +44 (0) 20 3151 7008 |
Tim Robertson / Safia Colebrook |
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