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Windar Shares Jump On Mexican Order For Five WindEYE Sensors

LONDON (Alliance News) - Shares in Windar Photonics PLC rose Monday as the wind sensor ...

Alliance News 26 June, 2017 | 9:35AM
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LONDON (Alliance News) - Shares in Windar Photonics PLC rose Monday as the wind sensor manufacturer said it has won a new order for five of its WindEYE units from a Mexican power producer.

The company said the units are scheduled for immediate delivery in the late second quarter of 2017, with the sensors being integrated on five Vestas V112 wind turbines.

Shares in Windar were up 20% at 82.00 pence Monday morning.

Windar said the sensors are for an optimisation project to increase the annual energy production from the turbines and increase their life span.

"I am pleased to announce the new order; not least due to the potential for additional orders for more LiDARs for the specific wind turbine site, which is planned to be extended to more than 1 gigawatt of capacity over the coming year," said Chief Executive Jorgen Jensen.

"With the recently announced orders, including the order from the Mexican IPP, Windar is on track to deliver a high double digit growth rate for the first six months of 2017, both concerning total order intake and revenue for the period," added Jensen.

By Adam Clark; adamclark@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Windar Photonics PLC 32.50 GBX 0.00 -

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