Catch the Wind Ltd. (Doing Business As BlueScout Technologies, Inc.) Announces New Stock Symbol as "SCT"
CHANTILLY, VA, Aug. 2, 2012 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW), providers of predictive Optical Control Systems (OCS) for optimized wind energy generation and now operating through its wholly-owned subsidiary as BlueScout Technologies, Inc. (formerly Catch the Wind, Inc.), today announced that, effective at the opening of trading Friday, August 3, 2012, its common shares will commence trading under the new stock symbol "SCT" on the TSX Venture Exchange.
The change in stock symbol was made to reflect the rebranding of the Company as BlueScout Technologies as announced on August 1, 2012. The Company will seek the approval of shareholders to change the name of the parent company to "BlueScout Technologies Ltd." from "Catch the Wind Ltd." at the Company's upcoming shareholders meeting to be held September 20, 2012.
There has been no change in the Company's CUSIP number and there have been no changes to the Company's capital structure.
About BlueScout Technologies, Inc. (formerly known as Catch the Wind,
BlueScout Technologies (TSX-V: CTW) increases energy production and decreases operating costs by applying groundbreaking microgeographical wind flow sensing to turbine control systems that increases the effectiveness and availability of wind turbines. BlueScout combines precise, optically based wind forecasting with advanced predictive control architectures to ready the turbine for the imminent wind inflow changes - optimizing energy production and reducing the harmful effects of wind turbulence on the turbine. With extensive operating data on multiple wind turbine models, BlueScout is the leading, value-added innovator in wind turbine performance and optimization.
The team consists of experienced high-tech, R&D and manufacturing engineers; innovative entrepreneurs and proven leaders. The BlueScout team has unique expertise and shares a firm commitment, as part of the wind power industry, to continuously improve the reliability of wind power generation through innovation. For more information, visit www.BlueScout.com.
This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of BlueScout Technologies. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although BlueScout Technologies believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. BlueScout Technologies disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
BlueScout and the BlueScout logo are trademarks of BlueScout Technologies, Inc. All other trademarks are the property of their respective owners.
SOURCE: Catch the Wind Ltd.For further information:
Please contact, BlueScout Technologies, Inc.:
John Green, CFO
+1 703-956-6554 ext. 103
Lawrence Chamberlain, Investor Relations
+1 416-815-0700 ext. 257