Windar Photonics PLC Contract Win and Appointment of Distributor (2882D)
26 April 2017 - 4:00PM
UK Regulatory
TIDMWPHO
RNS Number : 2882D
Windar Photonics PLC
26 April 2017
26 April 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")
15 LiDAR Unit Order in China and appointment of new regional
distributor
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 received a new order for 15 WindEYE(TM) LiDAR units
from a newly appointed regional distributor focused on potential
specific IPP customers in China. The LiDAR sensor units are
expected to be delivered in Q2 2017.
The newly appointed distributor is working closely with some
potential Chinese IPP customers and the majority of the 15
WindEYE(TM) LiDARs are expected to be installed and commissioned on
a specific off-shore wind park in China. They will be integrated
directly into the wind turbine control system for optimization of
yaw alignment to increase the average power generation on the
individual wind turbines.
Jørgen Korsgaard Jensen, Chief Executive Officer of the Company,
commented:
"The Chinese wind market is a key market for Windar Photonics
future growth why I am very pleased for this new order and the
agility of our newly appointed distributor. Our strategy in this
very important Chinese market is showing progress and I am
confident in our China IPP and OEM market expectations."
For further information:
Jørgen Korsgaard Jensen,
Windar Photonics plc Interim 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
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