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Windar Photonics PLC - OEM order

RNS Number : 3804A
Windar Photonics PLC
21 January 2020
 

21 January 2020

 

Windar Photonics plc

("Windar" or the "Company")

 

 

OEM order

 

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 100 WindVision™ systems to be delivered in 2020.

In 2019, Windar's distributor in China delivered 33 WindEye systems on 33 new CNR 2 MW wind turbines in China. Following this project, Windar has received a new order for 100 WindVision™ systems to be installed on CNR wind turbines, also in China. The installation and integration are planned to be completed within 2020.  This OEM order is in line with management expectations.

Martin Rambusch, General Manager, commented: "I am very pleased to have secured this first larger OEM order for our WindVision™ systems. Of equal importance, every CNR turbine will be deployed with our systems and integrated in the wind turbines to enhance their performance." 

 

For further information:

 

 

Windar Photonics

Martin Rambusch, General Manager

+45 21689476 

 

 

 

Cantor Fitzgerald Europe

Nominated Adviser and Broker

 

David Foreman, Luke Philippou      (Corporate Finance)

Keith Dowsing (Sales)

+44 20 7894 7000

 

 

About Windar:

Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimization 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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Quick facts: Windar Photonics PLC

Price: 24

Market: AIM
Market Cap: £11.94 m
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