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WPHO Windar Photonics Plc

45.00
1.00 (2.27%)
Last Updated: 09:37:25
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Windar Photonics Plc LSE:WPHO London Ordinary Share GB00BTFR4F17 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 2.27% 45.00 44.00 46.00 45.00 43.50 44.00 98,681 09:37:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Meas & Controlling Dev, Nec 1.85M -1.08M -0.0192 -23.44 25.18M

Windar Photonics PLC Contract Win (4617N)

09/08/2017 7:00am

UK Regulatory


Windar Photonics (LSE:WPHO)
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TIDMWPHO

RNS Number : 4617N

Windar Photonics PLC

09 August 2017

9 August 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 announces a new order from an IPP in Central America

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 a new order for WindEYE(TM) sensors from an independent power producer in the Central American region.

The order includes 9 WindEYE(TM) sensors and will be installed on Vestas V80 turbines in Q3 and Q4 of 2017. The WindEYE(TM) sensors will be integrated through our WindTimizer(TM) integration solution in order to optimise the turbine yaw alignment with the view to increase the annual energy production from the wind turbine generators. This indirect control system integration enables the wind turbine to yaw according to the incoming wind field, thus typically increasing the annually generated power by 1-3% and enhancing the life span of the wind turbine, as damaging loads affecting the wind turbine are reduced.

Jørgen Korsgaard Jensen, Chief Executive Officer of the Company, commented:

"Besides being pleased to announce a new order, I am particularly pleased to see an increased momentum in the North and Central Americas. After a very positive order intake during the first half of the year in the Asian region, it is my hope that we in the second half of the year can see a similar positive development in the North and Central Americas."

For further information:

 
 Windar Photonics plc             Jørgen Korsgaard Jensen, CEO    +45-24234930 
 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

END

CNTOKFDPDBKBDFK

(END) Dow Jones Newswires

August 09, 2017 02:00 ET (06:00 GMT)

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