London Stock Exchange today welcomed Windar Photonics plc
London Stock Exchange today welcomed Windar Photonics plc (“Windar” or “the Company”) to open the market following its Admission to trading on AIM. The first day of dealings in Windar’s ordinary shares commenced at 08:00am BST today under the ticker "WPHO". Windar 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. Windar’s key product is the WindEye™ Sensor which measures wind direction and wind speed by scanning a laser beam ahead of the wind turbine. The WindEye™ Sensor was designed for the general optimisation of wind turbines.
The Company is led by an experienced Board, chaired by John Weston CBE, previously chief executive of BAE Systems plc and a former member of the Prime Minister’s council for science and technology. He is joined by executive directors Martin Rambusch (CEO) and Jørgen Korsgaard Jensen (COO and founder), as well as non-executive directors Simon Barrell, Johan Blach Petersen and Niels Vejrup Carlsen.
Martin Rambusch, Windar’s CEO, commented: “Windar’s admission to trading on AIM is another milestone in the Company’s journey. Admission to AIM raises the profile of the Company and its cost effective and innovative WindEye™ Sensor product, which both improves efficiency and prolongs the life of wind turbines, and provides a great platform for the future growth of the business. The Windar team is looking forward to continuing the success story and to building our presence on AIM.”