REG - Windar Photonics PLC - Material New US Order

Windar PhotonicsAnnouncement

18/12/2024 07:00

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RNS Number : 4893Q  Windar Photonics PLC  18 December 2024

18 December 2024

 

Windar Photonics plc

("Windar" or the "Company")

 

 

Material New US Order

 

 

Windar Photonics plc (AIM:WPHO), the technology group that has developed the
LiDAR assisted Monitoring and Optimisation solution across multiple wind
turbine platforms, today is pleased to announce that, further to the
announcement made on 12 November 2024, the Company has landed a significant
order out of the pipeline previously disclosed for a total value of US2.5m for
delivery to the US market in the first half of 2025. The Company looks forward
to updating the market in the coming year as it endeavours to continue to
convert its existing pipeline into confirmed sales.

 

The order is for a full farm deployment of our monitoring and optimisation
solution for Vestas V82 wind turbines, and represents the second full wind
farm roll-out with this customer. The customer has several additional wind
farms in North America with V82 and other turbine platforms, and the Company
anticipates receiving further orders in the coming year.

 

The new order constitutes the largest discrete order in the Company's history
and will represent the seventh full wind farm in North America with Vestas V82
wind turbines to be equipped with the Company's unique Turbine Monitoring and
Optimisation solution. Approximately 8% of the order value is attributable to
software related income derived from the Windar Nexus software suite.

 

The Company will continue to expand its offering by selling not only hardware
and upfront software licenses but also additional software enabled turbine
performance improvement services and we look forward to reporting further
progress over the coming months.

 

Jørgen Korsgaard Jensen, Chief Executive, commented "I am pleased to see the
continued and developing demand for our unique Turbine Monitoring and
Optimisation solution in North America. It is particularly positive to have an
existing customer place a repeat order to roll-out our solution on an
additional full wind farm."

 

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

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

 

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