Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWindar Photo Regulatory News (WPHO)

Share Price Information for Windar Photo (WPHO)

Share Price is delayed by 15 minutes
Get Live Data
26.75    0.00 (0.00%)
Bid:
26.50
Ask:
27.00
Spread: 0.50 (1.887%)
Market Cap: £26.28m
WPHO Live PriceLast checked at - London Stock Exchange

Intraday Windar Photo Share Chart

Launch of Development Program with DTU

12 Oct 2016 09:13

RNS Number : 3422M
Windar Photonics PLC
12 October 2016
 

Windar Photonics plc

("Windar" or the "Company")

 

Launch of Energy Technology Development and Demonstration Program in conjunction with the Danish Technology University

 

Windar Photonics PLC (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, is pleased to announce the initiation of an Energy Technology Development and Demonstration Program ("EUDP") research and development project in conjunction with the project partner Danish Technological University, Department of Wind Energy ("DTU Wind"). The project includes a combined cash grant of €1.0 million over the coming 24 months that is to be split equally between the project partners.

DTU Wind is one of the leading Danish research institutes within the fields of meteorology, turbine technology, and power system integration. The main objective of the project is to expand the detection capabilities of the current Windar LiDAR systems to include a robust wake detection system, and additionally to develop new wind turbine control algorithms and strategies to further enhance the deployment of Windar LiDAR sensors within the wind turbine industry.

Generally, large numbers of wind turbines are erected in clusters or wind farms, where the wind flow is drastically different compared to a solitary wind turbine, due to the turbulence and wake generated by the neighbouring wind turbines. Due to the preventive nature of the wake-detection feature, the EUDP project aims to demonstrate and develop new wind turbine control algorithms and strategies for increased power production and a decrease to the load cycles affecting the wind turbine that is caused by wake-induced turbulence.

By offering a fully developed wake-detection feature followed by concrete wind turbine control strategies and proposals to the market, Windar expects to see enhanced OEM market penetration in the coming years.

 

Jørgen Korsgaard, Interim CEO of Windar Photonics, comments:

"Windar is today the leading low cost LiDAR system provider to the turbine industry, and besides the new wake-detection functionality, this project marks the start of a new era for the Company, where Windar in partnership with DTU Wind now also starts focusing on developing new turbine control algorithms and strategies in order to reach an optimal integration and use of the data provided by the LiDAR systems. Both Windar and DTU Wind are very pleased for the support EUDP hereby provide to this new program, which also marks the third consecutive EUDP project provided to Windar, DTU Wind and DTU Photonics."

 

The information contained within this announcement is deemed by the Group to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 

For further information:

 

Windar Photonics plc

Jørgen Korsgaard, CEO

+45 2423 4930 

Cantor Fitzgerald Europe

Nominated Adviser and Broker

 

 

Andrew Craig

Richard Salmond

+44 (0)20 7894 7000 

 

About EUDP

EUDP (Energy Technology Development and Demonstration Program) supports private companies and universities to develop and demonstrate new energy technologies. Support is given in accordance with EU state aid rules.

Foreign project participants can receive EUDP aid according to the same rules as Danish participants. However, the main applicant must be a Danish registered company or university. EUDP can support energy technologies widely such as renewable energy technologies, energy efficiency technologies, conversion technologies such as fuel cells and hydrogen, integration of energy systems including storage, more efficient methods for recovery of oil and gas and storage of CO2.

https://ens.dk/en/our-responsibilities/research-development/eudpAbout Windar

Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimisation systems for use on electricity generating wind turbines. LiDAR wind sensors in general are designed to remotely measure wind speed and direction.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGGBUUUPQURP
Date   Source Headline
3rd Jun 202611:54 amRNSCEO Appointment, Grant of Options and RPT
28th May 202610:45 amRNSCorrection: Director/PDMR Shareholding
21st Apr 20267:00 amRNSCEO Appointment
20th Apr 202612:15 pmRNSHolding(s) in Company
20th Apr 202611:45 amRNSHolding(s) in Company
15th Apr 20267:00 amRNSTrading Update & £20m Share Subscription Facility
26th Mar 20261:30 pmRNSIssue of Equity in Lieu of Non-Executive Fees
16th Jan 20266:22 pmRNSDirector/PDMR Shareholding
6th Jan 20267:00 amRNSDirectorate change
23rd Dec 20257:00 amRNSTrading Statement
23rd Dec 20257:00 amRNSTrading Statement
15th Dec 20257:00 amRNSChange of Adviser
13th Nov 20259:41 amRNSHolding(s) in Company
20th Oct 20257:00 amRNSDirectorate Change
15th Sep 20257:00 amRNSHalf-year Report
8th Sep 20257:00 amRNS-RSenior Management Appointment
13th Aug 20257:00 amRNS-RSenior Management Appointment
11th Aug 20257:00 amRNSNew $2.6m Order For The US Market
1st Aug 202512:27 pmRNSResult of AGM
1st Aug 20257:00 amRNSAGM Statement
1st Jul 20257:00 amRNSFinal Results
11th Jun 20257:00 amRNSUpdate on Expectations
9th Jun 20257:00 amRNSDirectorate Change
19th May 20257:00 amRNS-RWindar Photonics to Exhibit at CLEANPOWER 2025
30th Apr 20257:00 amRNSWind Sector Leaders Join New Advisory Board
14th Apr 20257:00 amRNSDirector/PDMR Shareholding
26th Mar 20255:19 pmRNSDirector/PDMR Shareholding
24th Mar 20257:00 amRNSTrading Update and First Discreet Software Order
26th Feb 202512:41 pmRNSIssue of Equity in Lieu of Directors' Fees
31st Dec 20247:00 amRNSTotal Voting Rights
18th Dec 20247:00 amRNSMaterial New US Order
10th Dec 20242:30 pmRNSTR-1: Notification of Major Holdings
6th Dec 20244:41 pmRNSTR-1: Notification of Major Holdings
6th Dec 20244:31 pmRNSTR-1: Notification of Major Holdings
3rd Dec 20248:00 amRNSResult of oversubscribed placing
2nd Dec 20244:35 pmRNSProposed placing to raise £5.5 million
12th Nov 20247:00 amRNSTrading Update
19th Sep 20245:34 pmRNSAIM Rule 17 Schedule 2 (G) Update
12th Sep 20247:00 amRNSUn-audited Results for the 6 months ended 30 June
5th Aug 20244:52 pmRNSResults of AGM
5th Aug 20247:00 amRNSAGM Trading Update
1st Aug 202410:44 amRNSAppointment of Broker
19th Jul 202410:36 amRNSDirectorate Change and Director Disclosures
15th Jul 20247:00 amRNSChange of Nominated Adviser
11th Jul 20249:13 amRNSPosting of Annual Report and Notice of AGM
4th Jul 20245:33 pmRNSAIM Rule 17 Schedule 2 (G) Update
1st Jul 20247:00 amRNSAudited Results, Trading Update and Notice of AGM
3rd May 202410:37 amRNSDirectors Dealing / PDMR Shareholding
22nd Apr 20249:38 amRNSDirector Dealing
18th Apr 20245:30 pmRNSDirector dealing / PDMR shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.