Windar Photonics (WPHO)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

 33.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 50.50p
  • 52 Week Low: 21.70p
  • Currency: UK Pounds
  • Shares Issued: 68.66m
  • Volume: 605
  • Market Cap: £22.66m
  • RiskGrade: 745

Windar Photonics gets second volume order under Vestas partnership

By Josh White

Date: Thursday 23 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Wind sensor technology company Windar Photonics has received a second volume order under its global distribution agreement with Vestas Wind Systems, it announced on Thursday.
The AIM-traded firm said the order was for 89 of its latest generation 'WindEye 3' systems for two wind sites in North America, with delivery expected to start in the first quarter of 2022.

It said the receipt of a second volume order for its WindEye 3 systems was further evidence of the "optimised performance solution" that it had 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, Windar said it was able to demonstrate the "significant" end-user benefit of its products to customers.

The company's 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 energy production from existing assets.

Windar said the second volume order was with a new end customer, enhancing the market penetration of its LiDAR systems, and diversifying the end customer base.

The firm said it would 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 was roughly 6GW of installed capacity currently in operation globally.

"After announcing the first volume order of 110 WindEye 3 systems under our Vestas distribution agreement on 24 November, I am very pleased to see this second volume order from Vestas," said chief executive officer Jørgen Korsgaard Jensen.

"This second volume order validates the very strong and efficient solution Windar and Vestas are able to 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."

At 1427 GMT, shares in Windar Photonics were up 7.25% at 18.5p.

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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 33.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 50.50p
52 Week Low 21.70p
Volume 605
Shares Issued 68.66m
Market Cap £22.66m
RiskGrade 745

WPHO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
76.53% below the market average76.53% below the market average76.53% below the market average76.53% below the market average76.53% 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
58.32% above the market average58.32% above the market average58.32% above the market average58.32% above the market average58.32% above the market average
64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average64.10% above the sector average
Income Not Available
Growth
54.78% above the market average54.78% above the market average54.78% above the market average54.78% above the market average54.78% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average

WPHO Dividends

No dividends found

Trades for 26-Feb-2024

Time Volume / Share Price
11:31 590 @ 33.20p
08:01 15 @ 34.00p

WPHO Key Personnel

CEO Jørgen Korsgaard Jensen (Danish)
Chair David George

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