Windar Photonics PLC New order from a Chinese Distribution Partner (5153A)
December 29 2017 - 2:02AM
UK Regulatory
TIDMWPHO
RNS Number : 5153A
Windar Photonics PLC
29 December 2017
29 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 a Chinese
Distribution Partner
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 WindVision(TM) LiDAR
systems from an existing Chinese distribution partner for delivery
as soon as possible.
The end customers are 2 wind turbine OEMs utilizing the
WindVision(TM) LiDAR systems for general turbine optimization
purposes for new turbine designs. In general the integration of the
LiDAR systems 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:
"Windar has enjoyed a very strong order intake during the final
part of 2017 ensuring a strong order backlog going into the new
year. Even though this new order in itself is still minor, it
underlines the ever-increasing interest in our product range from
wind turbine OEMs not least supported by our new features like wake
and turbulence detection and still at a very attractive price
point. Here at the end of the year I am very pleased to see our
ongoing OEM projects for integration on new turbines designs at a
record high level creating the foundation for a future strong
growth.
I am also pleased to confirm that the initial 50 WindEye(TM)
LiDAR Systems, from the order of 300 announced on 4 December 2017
have all been shipped to our client in China. I would like to thank
all of our staff for their superb effort in making this happen on
time."
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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