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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 Update and Sales Agency Agreement

6 Feb 2024 07:13

RNS Number : 1549C
Windar Photonics PLC
06 February 2024

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. 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")

New Order Update

and

New North America Sales Agency Agreement

Windar Photonics (AIMN: 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, further to the reference to a future order in our December trading update, it has received two new confirmed orders from Chinese customers with a combined gross value of ?1.3m, both for delivery in 2024. These orders take the cumulative order intake over the last two months to ?3.9m for the Chinese market and this keeps the Company well on track to meet its ambitious production and revenue targets for the current financial year.

The Company is also pleased to announce that it has recently entered into a sales agency agreement with AC883 Nordic Trade Services, an established operator in the North American Wind Turbine sector, which is expected to assist Windar in extending and building on its existing market presence in that territory. We look forward to this new relationship bearing fruit in the form of additional orders from North America in due course.

Jorgen Korsgaard Jensen, CEO commented:

"I am pleased to report further progress on orders received since early December from China, assisted by Windar having its own sales and service team on the ground in Shanghai. With the new sales agency agreement with AC883 Nordic Trade Services, we would expect this to underpin and accelerate our growth in the North American market."

For further information:

Windar Photonics plc

Jørgen Korsgaard Jensen, CEO

Tel: +45 24234930

WH Ireland Limited (Nomad & Broker)

Hugh Morgan / James Bavister / Isaac Hooper

Tel: +44 20 7220 1666

Notes to Editors:

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/

The person responsible for arranging the release of this announcement on behalf of the Company is Jørgen Korsgaard Jensen, Chief Executive Officer of the Company.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
UPDSSSSWMELSEFE
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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