Windar Photonics PLC New order from a Chinese Distribution Partner (5153A)

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    [phone] 
 Cantor Fitzgerald Europe         Andrew Craig 
  Nominated Adviser and Broker     Richard Salmond                     [phone] 
 

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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December 29, 2017 02:02 ET (07:02 GMT)