Business
Development funding from Eurostars
Development funding from Eurostars.
About this update from Windar Photonics Plc
[{"type":"text","content":"\n \nRNS Number : 2172B Windar Photonics PLC 29 January 2020 \n\n29 January 2020\n \nWindar Photonics plc\n(\"Windar\" or the \"Company\")\n \nDevelopment funding from Eurostars for the LAWIS project\n \nWindar 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.\nThe 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.\n \nMartin 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. \n \n \nFor further information:\n \n \n\n\n\nWindar Photonics plc\n\n\nMartin Rambusch, General Manager\n\n\n+45 21689476 \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCantor Fitzgerald Europe \nNominated Adviser and Broker\n\n\nDavid Foreman, Luke Phillipou (Corporate Finance)\nKeith Dowsing (Sales)\n\n\n+44 (0)20 7894 7000\n \n \n\n\n\n\n\n \nAbout Windar:\nWindar 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.\n \nhttp://investor.windarphotonics.com \n \n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primar...