LONDON (ShareCast) - (Sharecast News) - Wind turbine sensor developer Windar Photonics has been granted €0.24m (£0.2m) in development funding from the Eurostars programme for its 'LAWIS' project.
The AIM-traded firm said the total project grants amounted to €0.7m, and included the Technical University of Denmark and an optical manufacturer in Lithuania.

It said the aim of the granted project was to develop and demonstrate a one-unit LiDAR solution that combined the optical LiDAR head with the control unit, and at the same time offered cost reductions and technological benefits.

"I am very pleased that Windar's participation in this development project is alongside strong partners within the industry," said general manager Martin Rambusch.

"The development and demonstration of the one-unit LiDAR solution will benefit our global customers as we are able to optimize our LiDAR offering even further, and at the same time add more features to our already developed LiDAR solutions."

At 1219 GMT, shares in Windar Photonics were up 8.5% at 32.55p.

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