Following the announcement of a transformational contract on 4th December, Windar Photonics Plc (LON:WPHO) issued two announcements later in the month regarding orders related to wind turbine OEMS. Although neither order was of the scale of the earlier transformational contract which was primarily for retrofitting turbines already in the field, they demonstrate the interest OEMs are showing in the technology, which will potentially lead to strong growth in future. We will update our estimates following the pending pre-close trading update.
The first order, announced towards the beginning of December, was from a Chinese OEM manufacturer for five LiDAR systems for immediate delivery. The systems will be integrated directly into the wind turbines, optimising orientation with respect to incoming wind in order to increase the average power generation of each turbine and to reduce damaging loads, thus extending turbine life span. The second order, announced at the end of December, was from an existing Chinese distribution partner for five LiDAR systems. The end-customers are two wind turbine OEMs.
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