LONDON (ShareCast) - (ShareCast News) - Wind sensor developer and technology group Windar Photonics announced that it received a new order for 25 'WindEYE' LiDAR units from a newly-appointed regional distributor in the Chinese market, with financing provided by Denmark's export credit agency, Eksport Kredit Fonden.
The AIM-traded firm said the LiDAR sensor units were expected to be delivered in the first half 2017.

It said the newly appointed distributor was working closely with specific original equipment manufacturers in the Chinese market targeting new LiDAR integration projects, and the LiDAR units were expected to be installed and commissioned shortly after delivery.

In addition, following the company's strategy as defined in 2016, Windar said it had extended its distribution network further in the first quarter, and now had 13 regionally-appointed distributors throughout Asia, Europe and Americas.

"I am very pleased with this new order from our new regional distributor in China," said chief executive Jørgen Korsgaard Jensen.

"After last year's reorganisation of our sales team and strategy in China, we are clearly seeing momentum building in this very important Chinese market within both the IPP and OEM market segments.

"I expect to see continued momentum not only in China but also through the extensive distribution network established over the last nine months."

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