REG - Windar Photonics PLC - First Volume Order Received from Vestas

Windar PhotonicsAnnouncement

24/11/2021 12:50

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RNS Number : 4810T  Windar Photonics PLC  24 November 2021

24 November 2021

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the Market
Abuse Regulations No. 596/2014 which is part of English law by virtue of the
European (Withdrawal) Act 2018, as amended. 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")

First Volume Order Received 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 the
first volume order under the Company's global distribution agreement with
Vestas Wind Systems A/S, which was first announced on 28 June 2018. This order
is for 110 of the Company's latest generation WindEye systems for a wind site
located in North America, with delivery expected to commence during the first
quarter of 2022.

Over the last year, Windar has been focused on optimising the performance of
its solution for the power improvement of V82 and NM82 wind turbine models.
The Company has been able to demonstrate both material yaw-alignment
optimisation, resulting in proven average annual energy production increases
of more than 3%, and a reduction of wind turbine loads and alarms resulting in
less downtime in high wind speed periods through its advanced and propriety
yaw-alignment algorithms, specifically designed for V82 and NM82 wind turbine
models and implemented through the Company's plug 'n' play WindTimizer
solution.

With this unique solution, Windar Photonics A/S, will continue to work with
their partners and customers to offer this unique solution to the roughly 6GW
of installed capacity of V82 and NM82.

Jørgen Korsgaard Jensen, CEO of Windar, commented: "I am very pleased to
report that our efforts over the last couple of years, in partnership with
Vestas, are now starting to generate substantial orders. Windar has invested
heavily in our wind analytic and turbine control technologies and
capabilities, and I am proud today that, not only do we have very advanced and
cost-efficient Lidar wind measuring products, but that, combined with our
turbine control algorithms, we have a unique and exclusive total demonstrable
improvement and load reduction solution for these turbine platforms without
the need of any turbine controller modifications. We now expect to see a
substantial penetration into the potential installed turbine platforms during
the near to longer term future as we also expand our total solution concept to
other turbine platforms."

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/)

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