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RNS Number : 0802J

Windar Photonics PLC

26 June 2017

 

26 June 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 a Mexican IPP

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 5 WindEYE™ sensors from a Mexican IPP.

The order is for 5 WindEYE™ wind sensor units, which are scheduled for immediate delivery in late Q2 2017. The WindEYE™ LiDAR units are to be integrated via Windar's WindTimizer integration solution on five Vestas V112 wind turbines.

The ordered LiDAR sensors are intended for an optimisation project where the focus is on using the sensors to increase the annual energy production from the wind turbine generators. The control system integration enables the wind turbine to be aligned to the incoming wind with a high degree of accuracy, hence 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:

"I am pleased to announce the new order; not least due to the potential for additional orders for more LiDARs for the specific wind turbine site, which is planned to be extended to more than 1GW of capacity over the coming year. Based on our surveying of the site, even minimal annual energy production improvements of 1% constitutes a very attractive business case for rolling out the LiDAR sensors on all turbines on this site.

With the recently announced orders, including the order from the Mexican IPP, Windar is on track to deliver a high double digit growth rate for the first six months of 2017, both concerning total order intake and revenue for the period."

For further information:

Windar Photonics plc	Jørgen Korsgaard Jensen, CEO	[phone]
Cantor Fitzgerald Europe         Nominated Adviser and Broker	Andrew Craig 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 

 

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