Development funding from Eurostars

RNS Number : 2172B

Windar Photonics PLC

29 January 2020

 

29 January 2020

Windar Photonics plc

("Windar" or the "Company")

Development funding from Eurostars for the LAWIS project

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 it has been granted €0.24 million in development funding from the Eurostars for the LAWIS project. The total project grants amount to €0.7 million and includes the Technical University of Denmark and an optical manufacturer in Lithuania.

The aim of the granted project is to develop and demonstrate a one-unit LiDAR solution that combines the optical LiDAR head with the control unit and at the same time offer cost reductions and technological benefits.

Martin Rambusch, General Manager of the Company, commented: "I am very pleased that Windar's participation in this development project is alongside strong partners within the industry. 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.

For further information:

Windar Photonics plc	Martin Rambusch, General Manager	[phone]
Cantor Fitzgerald Europe                          Nominated Adviser and Broker	David Foreman, Luke Phillipou (Corporate Finance) Keith Dowsing (Sales)	[phone]

About Windar:

Windar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging ("LiDAR") optimization 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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