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Pin to quick picksWindar Photo Regulatory News (WPHO)

Share Price Information for Windar Photo (WPHO)

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New Order from Chinese OEM

6 Dec 2017 08:47

RNS Number : 5312Y
Windar Photonics PLC
06 December 2017
 

 

6 December 2017

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

Windar Photonics plc

("Windar" or the "Company")

 

 Windar Photonics announcing new order from one Chinese OEM manufacturer

 

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 that the Company has received an order for 5 LiDAR systems from a Chinese OEM manufacturer for immediate delivery. The orders are a mix of both our WindEye™ and WindVision™ LiDAR systems.

 

The LiDAR systems are intended to be integrated directly for general turbine optimization. The integration of the LiDAR enables the wind turbine to optimize the annually generated power and at the same time reduce the general turbine load whereby the life span of the wind turbine can be enhanced. The integration and turbine optimization will take advantage of not only our capabilities of measuring wind speed and wind direction but also the recently added additional feature of Wind Shear detection and not least Wake and Turbulence detection.

 

Jørgen Korsgaard Jensen, Chief Executive Officer of the Company, commented:

 

"I am very pleased with this new order and despite knowing it does take a considerable amount of time from starting such new test projects to final turbine platform design wins and volume orders, it is important to continue to grow the number of these projects to support our long term growth expectations. With this latest order we now have either completed or are currently conducting test projects with the majority of both top 10 and top 20 global OEM manufactures. Some of these existing projects have been ongoing for several years, and based on test results we do expect to achieve major and all-important turbine platform design wins to substantially transform our activity and revenue levels"

 

For further information:

 

Windar Photonics plc

Jørgen Korsgaard Jensen, CEO

+4524234930 

Cantor Fitzgerald Europe

Nominated Adviser and Broker

 

Andrew Craig

Richard Salmond

+44 (0)20 7894 7000

 

 

About 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.

 

http://investor.windarphotonics.com 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTGIBDDLSGBGRL
Date   Source Headline
21st Jan 20207:00 amRNSOEM order
14th Jan 202012:33 pmRNSEquity Subscription Correction
9th Jan 202012:38 pmRNSEquity Subscription
8th Jan 20208:14 amRNSChange of Auditor
19th Dec 20197:00 amRNSDevelopment funding from EUDP for LiDAR project
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8th Nov 20191:50 pmRNSTrading Update
8th Nov 20197:00 amRNSDirector Dealing
25th Oct 201911:07 amRNSAuditor Resignation
30th Sep 20197:00 amRNSInterim Results
22nd Jul 20193:01 pmRNSResult of AGM
27th Jun 20197:00 amRNSFinal Results and Notice of AGM
17th Jun 20197:00 amRNSDirector Dealing
2nd Apr 20197:00 amRNSExpansion of Retro-Fit Capabilities & Appointments
11th Feb 20197:00 amRNS2018 Trading Update
2nd Jan 20197:00 amRNSDirector Dealing
25th Sep 20187:00 amRNSInterim Results
30th Aug 20182:28 pmRNSExtended Settlement of Subscription
20th Jul 20189:37 amRNSSubscription Settlement
12th Jul 20187:00 amRNS£2.2 million Fundraise
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28th Jun 201810:45 amRNSVestas Global Distribution Agreement
25th Jun 20181:44 pmRNSResult of AGM
24th May 20187:19 amRNSFinal Results and Notice of Annual General Meeting
6th Feb 20187:00 amRNSTrading Update
29th Dec 20177:02 amRNSNew order from a Chinese Distribution Partner
29th Dec 20177:00 amRNSDirectorate Change
7th Dec 20177:00 amRNSThe Carbon Trust LiDAR Supply
6th Dec 20178:47 amRNSNew Order from Chinese OEM
4th Dec 20177:00 amRNSMilestone Contract Win
22nd Sep 20177:00 amRNSHalf-year Report
9th Aug 20177:00 amRNSContract Win
14th Jul 20177:00 amRNSSubscription
12th Jul 20177:00 amRNSTrading Update
5th Jul 201711:13 amRNSResult of AGM
26th Jun 20177:00 amRNSContract Win
9th Jun 20177:00 amRNSFinal Results
26th Apr 20177:00 amRNSContract Win and Appointment of Distributor
7th Apr 20177:00 amRNS25 LiDAR Unit Order
6th Feb 20177:00 amRNSRepeat order from European IPP
30th Dec 20167:00 amRNSCanadian and Korean Orders
29th Dec 20167:00 amRNSNIWE Order
28th Dec 20167:00 amRNSIndian IPP Order
19th Dec 20167:05 amRNSSubscription
19th Dec 20167:00 amRNSTrading Update
23rd Nov 201610:53 amRNSHolding(s) in Company
4th Nov 20167:00 amRNSWindEYE orders from large scale US IPP
12th Oct 20169:13 amRNSLaunch of Development Program with DTU
27th Sep 20167:00 amRNSSubscription and Directors' Shareholdings

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