REG - Windar Photonics PLC - Further Volume Vestas Order Received

Windar PhotonicsAnnouncement

23/12/2021 08:50

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RNS Number : 6216W  Windar Photonics PLC  23 December 2021

23 December 2021

 

The information contained within this announcement is deemed by the Company to
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Abuse Regulations No. 596/2014 which is part of English law by virtue of the
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announcement, this inside information is now considered to be in the public
domain.

Windar Photonics plc

("Windar" or the "Company")

Further Volume Vestas Order Received

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 second
volume order under the Company's global distribution agreement with Vestas
Wind Systems A/S ("Vestas"). The order is for 89 of the Company's latest
generation WindEye 3 systems for two wind sites located in North America, with
delivery expected to commence during the first quarter of 2022.

Receipt of a second volume order for the Company's WindEye 3 systems is
further evidence of the optimised performance solution that the Company has
developed for the V82 and NM82 wind turbine models. Through the successful
demonstration of 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, the
Company has been able to demonstrate the significant end-user benefit of its
products to customers.

The global distribution agreement with Vestas was entered into for the purpose
of offering the Company's LiDAR technology to the global marketplace as a
retrofit product to optimise the energy production from existing assets. This
second volume order is with a new end customer, enhancing the market
penetration of the Company's LiDAR systems and diversifying the end customer
base.

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: "After announcing the
first volume order of 110 WindEye 3 systems under our Vestas Distribution
Agreement on 24 November 2021, I am very pleased to see this second volume
order from Vestas. This second volume order validates the very strong and
efficient solution Windar and Vestas are able to the offer to the global wind
turbine platform market. There remains a substantial market of potential
installed turbine platforms for the Company and Vestas to continue to target
during the near to longer term future and in parallel we are focused on
expanding this concept to additional 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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