REG - Windar Photonics PLC - Additional Test Orders from Vestas

Windar PhotonicsAnnouncement

01/12/2022 07:00

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RNS Number : 1744I  Windar Photonics PLC  01 December 2022

1 December 2022

 

Windar Photonics plc

("Windar" or the "Company")

Additional Test Orders from Vestas

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
test order under the Company's global distribution agreement with Vestas Wind
Systems A/S ("Vestas") for deployment with an Independent Power Producer
("IPP") in Australia.

The order, for an initial 5 units and an option for a further additional 43
systems, is based on the earlier successful demonstration in North America
showing material yaw-alignment optimisation, providing proven annual energy
production increases of more than 3% and the reduction of wind turbine loads
and alarms resulting in less downtime in high wind speed periods. These
results were verified by Vestas, the Independent Power Producer and internal
Windar analytic reports.

Following the orders announced at the end of 2021 for wind turbine parks in
North America, the Company is encouraged to see the interest in its
optimization solution for the Vestas V82 turbine platform now being further
followed by Independent Power Producers in Australia.

Windar will continue to work with its partners and customers to offer the
recently optimised power improvement solution for the V82 and NM82 wind
turbine models, of which there is roughly 6GW of installed capacity currently
in operation globally.

Jørgen Korsgaard Jensen, CEO of Windar, commented: "This new order is
encouraging, as this follows our overall strategy to address the current V82
Wind turbine platforms installed worldwide and is based on results achieved in
North America in 2021. Our initial work on this project began more than two
years ago and, besides the general results achieved in North America, we
believe the general increased energy prices have most likely been a further
factor behind the order."

For further information:

 Windar Photonics plc                        Tel:  +45 24234930

 Jørgen Korsgaard Jensen, CEO

 Cenkos Securities plc (Nomad & Broker)      Tel:  0131 220 6939

 Neil McDonald / Pete Lynch

Notes to Editors:

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 (http://investor.windarphotonics.com/)

https://www.linkedin.com/company/windar-photonics/
(https://www.linkedin.com/company/windar-photonics/)

 

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