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Pin to quick picksWindar Photo Regulatory News (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
15th Sep 201611:15 amRNSHalf-year Report
7th Sep 20167:00 amRNSContract wins and Interims date
30th Jun 201611:28 amRNSResult of AGM
7th Jun 20167:00 amRNSFinal Results and Notice of AGM
9th May 20167:00 amRNSSubscription and Factoring Facility
5th Apr 20167:00 amRNSNew order of 15 WindEYE units
15th Mar 20168:15 amRNSHolding(s) in Company
14th Mar 20167:00 amRNSWindEYE orders
7th Mar 20167:00 amRNSAppointment of Nominated Adviser and Broker
29th Feb 20167:00 amPRNDirectorate Change
15th Feb 20167:00 amPRNFurther re Termination of Chinese Distribution Agreement
22nd Jan 20168:00 amRNSTrading Update
30th Sep 20157:00 amPRNHalf-yearly Report
26th Jun 201511:03 amPRNResult of AGM
19th Jun 20157:00 amPRNDirector's Holding
12th Jun 20157:00 amPRNTrading Update
29th May 20157:00 amPRNFinal Results
30th Mar 20158:00 amPRNAdmission to trading on AIM and first day of dealings

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