Windar Photonics PLC NIWE Order (9017S)
December 29 2016 - 1:00AM
UK Regulatory
TIDMWPHO
RNS Number : 9017S
Windar Photonics PLC
29 December 2016
29 December 2016
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. 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")
Windar Photonics announcing new order for the Indian National
Institute of Wind Energy
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 the Company has won a public tender for a multi-beam LiDAR
system from the Indian National Institute of Wind Energy (NIWE) for
immediate delivery.
NIWE is an autonomous research institute under the Indian
Government's Ministry of New and Renewable Energy (MNRE), and a
leading Indian institution within the fields of wind turbine
technology research, resource assessment, and verification of wind
turbine technology according to the IEC standards. Additionally,
NIWE serves as a certification body for wind turbine technology for
the Indian market, with the explicit purpose of ensuring
compatibility between the meteorological conditions in India, and
technologies that have been developed and certified for other
regions in the world.
The LiDAR systems are intended for installation during the first
quarter of 2017 on a wind turbine produced by an Indian OEM, where
the LiDAR systems will be used for turbine optimization. The
integration of the LiDAR enables the wind turbine to yaw and pitch
according to the oncoming wind, increasing the annually generated
power by as much as 1-4% and enhancing the life span of the wind
turbine.
Jørgen Korsgaard Jensen, Interim Chief Executive Officer of the
Company, commented:
"The order from NIWE is another positive development for Windar
Photonics in the Indian market, as NIWE is a well-respected
institution within the Indian wind energy industry. The expected
verification by NIWE of our LiDAR systems is an important step
forward, supporting our future business in India."
For further information:
Windar Photonics plc Jørgen Korsgaard Jensen, Interim CEO +4524234930
Cantor Fitzgerald Europe Andrew Craig
Nominated Adviser and Broker Richard Salmond +44 (0)20 7894 7000
About NIWE
National Institute of Wind Energy (NIWE) was established in
Chennai in 1998, as an autonomous R&D institution by the
Ministry of New and Renewable Energy (MNRE), Government of India.
It is a knowledge-based institution of high quality and dedication
and offers services and solutions to the wind turbine industry in
India. NIWE furher has a Wind Turbine Test Station (WTTS) at
Kayathar which is partial financial supported by DANIDA, Govt. of
Denmark.
http://niwe.res.in/index.php
About Windar:
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
This information is provided by RNS
The company news service from the London Stock Exchange
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