Windar Photonics PLC Reports Earnings Results for the Full Year Ended December 31, 2022

Windar Photonics plc is a United Kingdom-based provider of lidar systems for wind turbines. The Company's product, WindEYE, is designed to endure the harsh environment of wind turbines. The Company's LiDAR system wind sensor measures the wind using laser light. The Company's WindEYE LiDAR system allows integration with the Wind Turbine controller, Control Integrated LiDAR. The WindSwitch combines the signals from the original wind-sensors in one switchbox, converts the signal from the WindEYE LiDAR to the protocol of the original wind-sensor signals, and sends the WindEYE signal into the WTG controller, as long as the WindEYEsignal is available. The WindSwitch switches back to the original wind-sensors and sends the signals from them into the WTG controller in case the signal from the WindEYE LiDAR is no longer available due to climatic or technical reasons.