Initiation: Innovative and disruptive low-cost LIDAR
Windar Photonics’ admission to AIM provides investors with the opportunity to participate in the anticipated strong growth phase of this industrial technology company. Windar was created to commercialise an innovative low-cost, tower-mounted light detection and ranging (LIDAR) wind measurement system designed to increase wind turbine efficiency and reduce operational wear. With initial results showing that wind turbine energy efficiency can be increased by c 1-3%, payback of system installation can be as low as six months for a large 6MW system and around three years for the most frequently installed 1.5-2MW variants. Success will be determined by the rate at which new contracts can be won.Windar Photonics is a technology group that has developed and sells a Light Detection and Ranging sensors (LIDAR) and associated products for use on electricity generating wind turbines. LIDAR wind sensors in general are designed to remotely measure wind speed and direction. Co.'s main products are the WindEye™ and WindVision™ Sensors which measure the wind speed at different measuring points by scanning a laser beam ahead of the wind turbine.
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