Last checked at 5 Apr 2016 07:00
Windar Photonics plc
("Windar" or the "Company")
Windar Photonics announces a new order of 15 WindEYE™ units
Windar Photonics plc (AIM:WPHO) is pleased to announce an order of 15 WindEYE™ LiDAR units from the Chinese market for delivery in April 2016.
The WindEYE™ LiDAR units are to be installed on Goldwind wind turbines already operating in China during Q2 2016 and will be integrated directly with the wind turbines' control systems. Integrating the LiDAR directly with the wind turbine's control system enables the LiDAR sensor to reduce costs associated with maintenance and repairs, while concurrently increasing the annual energy production from the wind turbine by 1-4%.
Martin Rambusch, Chief Executive Officer of Windar , commented on the order:
"We are very pleased with the progress being made in multiple markets due to the flexibility which our LiDAR product offers in terms of both retrofit or new turbine deployment to asset owners. This order is an important milestone for Windar in terms of our market presence in the Chinese Market. It is also a significant step forward towards a collaboration with the Chinese Wind Turbine OEMs concerning direct control system integration of Windar's LiDAR units as part of the design stage of wind turbine development."
For further information:
Windar Photonics plc | Martin Rambusch, CEO | +45 2168 9476 |
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") optimization systems for use on electricity generating wind turbines. LIDAR wind sensors in general are designed to remotely measure wind speed and direction.
About WindEYE™
The Group's key product is the WindEye™ Sensor, which measures wind direction and wind speed by scanning a laser beam ahead of the wind turbine. The WindEye™ Sensor was designed for the general optimization of wind turbines.
Based on the Group's testing, it has proven possible for the WindEye™ Sensor to increase the power output of a wind turbine by approximately one to four per cent and further reduce strain on vital components of the wind turbine. The WindEye™ Sensor has been designed to have a multi-year lifecycle with limited maintenance other than the replacement of the light source every two years. Due to the use of a semi-conductor laser, the Directors believe that the Company is able to offer the WindEye™ Sensor at a lower cost compared to competing products whilst still retaining an attractive margin.
The Directors believe that the WindEye™ Sensor can be differentiated from comparable products currently available on the market by its lower price and durability, which typically enables the Company to provide its customers with a return on investment within one to four years.
http://investor.windarphotonics.com