Windar Photonics Plc (LON:WPHO) has received a follow-on order from one of its Chinese distributors for 300 WindEYE LiDAR systems. The first 50 are for delivery this month, the remaining 250 during H118. Management believes that there is potential for significant follow-on orders in H218. The financial details have not been disclosed, but we calculate that this order represents two to three times as many LiDAR systems as were shipped in either FY16 or H117. We will update our estimates shortly.
The order is from one of the partners in China that signed up earlier this year after management decided to develop a distribution network rather than rely on a direct salesforce. It is the culmination of several months of on-site trials based on an initial delivery back in April 2017.These test LiDAR systems were integrated directly into the wind turbine control system for optimisation of yaw alignment (orientation with respect to incoming wind) to increase the average power generation of individual turbines and reduce damaging loads, thus extending turbine life span. The partner worked closely with several Chinese independent power providers (IPPs) during the trial. The 300 LiDAR units that were recently ordered will be sold on to local IPPs for installation on existing wind turbine generators.
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