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Windar Photonics

16:57 on 17/11/2017

Current Price 87.50p | Bid 85.00p | Ask 90.00p | Change 0.00%

Company Overview

Windar Photonics plc is a technology group that has developed a cost efficient and innovative Light Detection and Ranging (LIDAR) wind sensor for use on electricity generating wind turbines. LIDAR wind sensors in general are designed to remotely measure wind speed and direction. The Company was incorporated on 6 May 2014 and owns 100 per cent. of the ordinary share capital of Windar Photonics A/S and Windar Photonics Inc. The Group's key product is the WindEye™ Sensor which measures wind direction and wind speed by scanning a laser beam ahead of a wind turbine. WindEye™ Sensor was designed for the general optimisation of wind turbines. Based on the Group's testing, it has proven possible for the WindEye™ Sensor to increase the power output of a wind turbine by approximately one to three per cent. and further reduce strain on vital components of the wind turbine. The WindEye™ Sensor has been designed to have a multi-year lifecycle with limited maintenance other than the replacement of the light source every two years. Due to the use of a semi-conductor laser, the Directors believe that the Company is able to offer the WindEye™ Sensor at a lower cost compared to competing products whilst still retaining an attractive margin. The WindEye™ Sensor was released for commercial sale at the end of 2013 and, in the nine months ended 30 September 2014, the Group achieved revenue of DKK 5.9 million (EUR 792,370) from delivery of WindEye™ Sensors for installation to a combination of wind park operators and OEMs. The Directors anticipate significant growth in future order volumes. Initially, existing wind park operators (the Retrofit Market) are expected to constitute the majority of Windar's orders before being overtaken by those from turbine manufacturers (the OEM Market), who typically have to validate the product and carry out in-depth assessment of the supply chain. As China is a global leader in terms of cumulative installed wind capacity, the Retrofit Market potential in China is a key market for the Group.

Stock Details

EPIC WPHO
ISIN GB00BTFR4F17
Shares in Issue 38,166,377
Market cap £ 28.63m
Sector Electronic & Electrical Equipment
Indices

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Price Summary

Mid Price ? 87.50p
Bid Price ? 85.00p
Ask Price ? 90.00p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 87.50p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 125.00p
52 Week Low 72.50p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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