Windar Photonics (WPHO)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

36.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 50.50
  • 52 Week Low: 23.50
  • Currency: UK Pounds
  • Shares Issued: 68.66m
  • Volume: 215,629
  • Market Cap: £25.06m
  • RiskGrade: 745

Windar pens agreement for wind turbine optimisation device

By Duncan Ferris

Date: Thursday 28 Jun 2018

LONDON (ShareCast) - (Sharecast News) - Windar Photonics on Thursday signed a global distribution agreement with wind turbine manufacturer Vestas Wind Systems for the sale and promotion of Windar's 2-beam LiDAR system, which helps wind turbines face the best direction.
The AIM-traded company said the agreement concerning its technology will grant Denmark's Vestas certain exclusive rights over the sales and marketing of the product.

Windar's 2-beam LiDAR system increases annual energy production by between 1% and 4% for the asset owner by ensuring that the wind turbine is always facing the optimal direction for harnessing the wind.

Mariel Garrido, head of fleet optimization at Vestas, said: "We have chosen to work with Windar Photonics' LiDAR technology primarily to cover our serviced multibrand fleet due to its ability to deliver a combination of value for money, proven performance, ease of installation and service and limited interference with the turbine."

Vestas is the largest maintenance provider in the wind industry, with a service network consisting of more than 10,000 people across 63 countries worldwide.

Jørgen Korsgaard Jensen, chief executive of the company, said: "Over the last year Windar has experienced a continually increasing market interest for our products and coupled with Vestas' global distribution capabilities, I am confident this agreement with Vestas can materially boost our global market presence within the retro-fit markets."

As of 1139 BST, Windar Photonics' shares were up 13.16% at 86.00p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WPHO Market Data

Currency UK Pounds
Share Price 36.50p
Change Today 2.50p
% Change 7.35 %
52 Week High 50.50
52 Week Low 23.50
Volume 215,629
Shares Issued 68.66m
Market Cap £25.06m
RiskGrade 745

WPHO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.26% below the market average78.26% below the market average78.26% below the market average78.26% below the market average78.26% below the market average
76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average76.47% below the sector average
Price Trend
55.67% above the market average55.67% above the market average55.67% above the market average55.67% above the market average55.67% above the market average
79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average79.49% above the sector average
Income Not Available
Growth
55.27% above the market average55.27% above the market average55.27% above the market average55.27% above the market average55.27% above the market average
58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average

WPHO Dividends

No dividends found

Trades for 12-Apr-2024

Time Volume / Share Price
16:24 27,873 @ 37.00p
15:58 27,127 @ 36.84p
16:24 1 @ 35.00p
14:51 1 @ 34.00p
14:31 3 @ 34.00p

WPHO Key Personnel

CEO Jørgen Korsgaard Jensen (Danish)
Chair David George

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