Windar Photonics PLC New Order from Chinese OEM (5312Y)
December 06 2017 - 3:47AM
UK Regulatory
TIDMWPHO
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(TM) and WindVision(TM) 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 Andrew Craig
Nominated Adviser and Broker 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
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