17:00 Thu 01 Oct 2020
Windar Photonics PLC - New WindEye order for the Chinese retro-fit market
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Windar Photonics plc
("Windar" or the "Company")
New WindEye order for the Chinese retro-fit market
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 it has signed a new distribution and exclusivity agreement with a distributor in
The Agreement provides the distributor with exclusive rights to market and sell the Company's 2019 and 2020 2-beam systems to certain customers within the retro-fit IPP market in
The ongoing Covid-19 situation has resulted in disruptions and delivery postponements as a result of end-user project delays and substantial travel restrictions affecting commissioning of products in the field. However, 2020 has also been encouraging in respect of actual order intake, underlining the customer interest in the Company's product offerings, with the value of total orders placed for delivery in 2020 during the first 9 months of the year already more than double the revenues realised in 2019. This includes a small numbers of systems already delivered systems in
Jørgen Korsgaard Jensen, Chief Executive Officer of the Company, commented:
"I am delighted to see that, after almost 9 months of negotiating this new distribution agreement, we now have this new confirmed order for the first deliveries of our WindEye™ systems in
For further information:
Windar Photonics plc Jørgen Korsgaard Jensen, CEO |
Tel: +45 21689476 |
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Cenkos Securities plc (Nomad & Broker) |
Tel: 0131 220 6939
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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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