Windar Photonics PLC Expansion of Retro-Fit Capabilities & Appointments (7577U)
2019年4月2日 - 3:01PM
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Windar Photonics PLC
02 April 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
2 April 2019
Windar Photonics plc
("Windar" or the "Company")
Secures Exclusive Licence Agreement to Deliver Turbine Life
Expansion and Extreme Load Reduction
And Appointments of COO and Sales Manager
Windar Photonics plc (AIM:WPHO), the technology group that has
developed a cost efficient and innovative LiDAR wind sensor for use
on electricity generating wind turbines, is pleased to announce
that it has entered into an exclusive agreement with The Technical
University of Denmark ("DTU") to expand the capabilities of
Windar's retro-fit products. The Company is also pleased to
announce the appointments of a Chief Operations Officer and a Sales
Manager, with immediate effect.
Expansion of Retro-Fit Capabilities
DTU has begun the implementation of an innovative software
solution into Windar's products. This software solution is expected
to mitigate extreme loads on installed wind turbines without
requiring changes to be made to the existing controller systems.
This will be licensed to Windar on an exclusive basis and will
complement Windar's existing Yaw alignment optimisation
technologies featured in its wind turbine retro-fit product
portfolio, including WindEye(TM) and WindTimizer(TM) . These
products are already recognised as leading solutions to the
retro-fit market - supplying 10 of the top 25 global Independent
Power Producers ("IPPs") in the market - due to their ability to
increase annual energy production by 1-4%.
Based on work already conducted, DTU estimates that it can
deliver extreme load reductions of between 5 per cent and 10 per
cent. This can increase the expected operational lifetime of a wind
turbine by a similar amount.
The Company anticipates that the new software will be launched
during 2020 and will feature as an optional software upgrade in new
and existing WindEye(TM) installations.
Management Appointments
Ms. Hong Song De-Beer, who has extensive experience of managing
global operations, has been appointed as Chief Operations Officer.
Her main responsibilities will relate to operations, logistics and
purchasing.
Before joining Windar, Hong was Director of Global Commodity and
EMEA Account Management at Philips, the multi-national technology
company. Prior to this she was General Manager, Global Category
Management, at Maersk, which is the world's largest shipping
company.
Hong completed a Bachelor of Science degree at UIBE in 1991.
Following this she went on to study an MBA at the University of
Oxford in Business Management, which she completed in 2001.
Mr. Jason Smith has been appointed as Sales Manager, with a
primary focus on the Vestas Service. Jason, who is educated as an
industrial engineer, has more than 23 years of experience in
management and marketing. He joins Windar from ETEX Industry, where
he was Country Manager for Scandinavia.
Hong and Jason will both be based in Windar's Copenhagen
headquarters.
Jørgen Korsgaard Jensen, CEO of Windar, said:
"We are excited to add this load reduction capability to our
technology in a way which respects our general "plugN'play"
strategy and which will help our customers to increase the lifetime
of their turbines without excessive cost. It also enables Windar to
increase the growth potential and profit margins available from our
existing WindEye(TM) and WindTimizer(TM) products, which serve the
retro-fit market segment of the wind turbine industry. Securing
this exclusive licensing agreement accords with our strategy to
maintain our market leading position and low-cost advantage through
ongoing R&D and the costs associated with this initiative are
in line with our anticipated spend on product evolution.
"We expect this new solution, together with our new hires, to
solidify our market leading position as a developer of durable,
high quality cost-effective LiDAR products which increase the
efficiency and revenues of wind energy projects. We welcome Hong
and Jason to the Company and believe that their skills and
experience will strongly complement our focus on growth and
ultimately reaching our ambition of building a strong, profitable
company."
Michael Stuer Lauridsen, Senior Executive Business Development
Officer at DTU said:
"Since 2008 DTU and Windar Photonics have had a partnership
related to development of new innovative Lidar technologies for the
wind turbine industry. Today, I am delighted that yet another
innovation created within DTU will potentially be brought to market
through the partnership we have with Windar Photonics. We believe,
the invention has great potential in creating new jobs and in
benefiting the environment."
**ENDS**
For further information:
Windar Photonics plc Jørgen Korsgaard Jensen, CEO +45-24234930
Cantor Fitzgerald Europe David Foreman
Nominated Adviser and Broker Richard Salmond +44 (0)20 7894 7000
Elisabeth Cowell
Newgate Communications Adam Lloyd
Financial PR Tom Carnegie +44 (0)20 3757 6880
About Windar:
Windar Photonics is a technology group that develops
cost-efficient and innovative Light Detection and Ranging ("LiDAR")
optimisation systems for use on electricity generating wind
turbines. LiDAR wind sensors in general are designed to remotely
measure wind speed and direction.
http://investor.windarphotonics.com
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END
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