Windar gets order for another 30 'WindVision' systems

Windar Photonics has received another order for 30 of its ‘WindVision’ systems, it announced on Monday, to be delivered in 2020.

The AIM-traded firm said the 30 systems would be delivered and installed on new ‘DongFang’ turbines in China, integrated into their control system and used as part of their control strategy to optimise loads and power gains.

It also said that the first 50 WindVision systems, as part of the order for 100 WindVisions to be installed on CNR wind turbines as announced on 21 January, was scheduled for delivery in May as originally planned.

Throughout the Covid-19 coronavirus pandemic, Windar said it had maintained its production and its delivery schedule to customers without any delays to date.

However, due to the “high degree of uncertainty” relating to the outbreak across both Europe and China, it said it had initiated a series of cost savings, including that all employees had accepted a salary reduction of 20% on monthly salaries in excess of €2,700.

“I am very pleased that Windar is still obtaining orders in China despite the Covid-19 situation, and we are pleased to have been able to organise our production, during the Covid-19 period, in a way that has enabled us to meet delivery schedules previously agreed with our customers,” said general manager Martin Rambusch.

“Many of our staff are successfully working from home and servicing our customers online to complement our production teams.

“Despite this I am very proud of the unified acceptance shown by all employees to the voluntary salary reduction in this uncertain period.”

Rambusch said it would further strengthen the firm’s working capital position, and better enable it to address Covid-19-caused issues affecting it.

At 1522 BST, shares in Windar Photonics were up 30% at 22.75p.