Windar Photonics PLC WindEYE orders (9199R)
14 Marzo 2016 - 8:00AM
UK Regulatory
TIDMWPHO
RNS Number : 9199R
Windar Photonics PLC
14 March 2016
Windar Photonics plc
("Windar" or the "Company")
WindEYE(TM) 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(TM) units to be installed immediately. The WindEYE(TM)
units will be integrated with the customer's wind turbine control
systems.
A second order for five WindEYE(TM) 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(TM) to utility scale wind
generation projects. Our industry disruptive WindEYE(TM) 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 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")
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(TM)
The Group's key product is the WindEye(TM) Sensor, which
measures wind direction and wind speed by scanning a laser beam
ahead of the wind turbine. The WindEye(TM) Sensor was designed for
the general optimization of wind turbines.
Based on the Group's testing, it has proven possible for the
WindEye(TM) 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(TM) 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(TM) Sensor at
a lower cost compared to competing products whilst still retaining
an attractive margin.
The Directors believe that the WindEye(TM) 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 14, 2016 03:00 ET (07:00 GMT)
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