REG - Windar Photonics PLC - AGM Statement

Windar PhotonicsAnnouncement

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RNS Number : 5051T  Windar Photonics PLC  01 August 2025

1 August 2025

("Windar" or the "Company")

AGM Statement and Directorate Change

 

Windar Photonics plc (AIM:WPHO), the technology group that has developed a
LiDAR assisted Monitoring and Optimisation solution across multiple wind
turbine platforms, is holding its Annual General Meeting ("AGM") today at
10.00 a.m. at which the Chairman David Lis will read the following statement:

"As recently stated in our FY results announcement in July, Windar is in a
strong position, supported by a solid forward orderbook and a growing pipeline
of opportunities and as a result is well placed to deliver a significant
increase in revenues during 2025 compared to 2024. Furthermore, utilising our
strong cash position, we are investing in developing our team, our
manufacturing footprint and technologies so we can best deliver on our growth
potential.

In North America, the outlook is positive, backed by an increased number of
customer interactions which were further enhanced by our successful Cleanpower
exhibition in May 2025. We are targeting closing 1-3 major contracts in the
second half of 2025.

In Asia (outside China), we have seen increased activity especially in Japan
and Australia. Beside several test projects - some already in progress - our
target is to close 1 full farm rollout in the region in the second half of
2025.

In China, the operating environment has been challenging, nevertheless we have
made direct sales approaches to specific IPPs, and we are expecting to see
some uptake in activity in the second half of 2025.

As part of scaling the business we have completed the relocation of our main
production and R&D facilities to a new larger site in Ishoj, Denmark,
which will enable a quintupling of production capacity. In addition, we are
close to signing a senior sales Director in both North America and Europe."

Directorate Change

The Company also today announces that Non-Executive Director, Andy Richardson
will be stepping down from the Board at the conclusion of the AGM.

David Lis, Non-Executive Chairman, commented, "On behalf of the Board, I would
like to thank Andy for his excellent contribution to developing the business
and wish him well for all his future endeavours."

 

 

For further information, please contact:

 

 Windar Photonics plc
 Jørgen Korsgaard Jensen, CEO                      Tel: +45 24234930
 Gavin Manson, Director

 Grant Thornton UK LLP - Nominated Adviser
 Philip Secrett / Harrison Clarke / Elliot Peters  Tel: +44 (0) 20 7383 5100

 Dowgate Capital - Broker
 James Serjeant / Russell Cook                     Tel: +44 (0) 20 3903 7715

 Novella Communications                            Tel: +44 (0) 20 3151 7008
 Tim Robertson / Safia Colebrook

 

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