Windar Photonics plc
("Windar" or the "Company")
WindEYE™ orders from two large scale utilities in North America
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 two separate orders for its LiDAR wind sensors from two large North American wind farm owners and operators for immediate delivery.
A well-established Canadian utility provider with over 2,500 MWs of installed wind farms in Canada and the United Sates has ordered six WindEYE™ units to be installed immediately. The WindEYE™ units will be integrated with the customer's wind turbine control systems.
A second order for five WindEYE™ units to be installed immediately has also been placed by a United States based utility company with over 1,000 MWs of installed wind farms, to be installed on Suzlon wind turbines located in the Interior West of the United States.
Martin Rambusch, Chief Executive Officer of the Company, commented:
"These two new orders represent a significant opportunity for Windar to expand our global reach and to demonstrate the significant benefits of WindEYE™ to utility scale wind generation projects. Our industry disruptive WindEYE™ solution can add significant value to wind farm owners and to turbine manufacturers, increasing project yields by up to 7% and annual energy production by as much as 1-4%, and we look forward to demonstrating these benefits to our new partners throughout 2016 and beyond."
For further information:
Windar Photonics plc |
Martin Rambusch, CEO |
+45 2168 9476
|
Cantor Fitzgerald Europe Nominated Adviser and Broker |
Andrew Craig 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") optimization systems for use on electricity generating wind turbines. LIDAR wind sensors in general are designed to remotely measure wind speed and direction.
About WindEYE™
The Group's key product is the WindEye™ Sensor, which measures wind direction and wind speed by scanning a laser beam ahead of the wind turbine. The WindEye™ Sensor was designed for the general optimization of wind turbines.
Based on the Group's testing, it has proven possible for the WindEye™ Sensor to increase the power output of a wind turbine by approximately one to four per cent and further reduce strain on vital components of the wind turbine. The WindEye™ Sensor has been designed to have a multi-year lifecycle with limited maintenance other than the replacement of the light source every two years. Due to the use of a semi-conductor laser, the Directors believe that the Company is able to offer the WindEye™ Sensor at a lower cost compared to competing products whilst still retaining an attractive margin.
The Directors believe that the WindEye™ Sensor can be differentiated from comparable products currently available on the market by its lower price and durability, which typically enables the Company to provide its customers with a return on investment within one to four years.
http://investor.windarphotonics.com
