Catch the Wind Reports Offshore Wind Resource Assessment Breakthroughs

- Company highlights the first deployment of the WindSentinel™ on the Great Lakes -

CHANTILLY, VA, Jan. 11, 2012 /CNW/ - Catch the Wind Ltd. (TSXV: CTW), providers of laser-based wind sensor products and technology, today reported that the first ever deployment of the Vindicator® Laser Wind Sensor (LWS) in the AXYS Technologies Inc.'s WindSentinel™ offshore buoy was an unprecedented success, providing wind profile information from the Great Lakes to wind resource researchers and analysts at Grand Valley State University, University of Michigan and Michigan State University.

After 45 days of testing on Lake Michigan, Dr. Guy Meadows, Director of the Ocean Engineering Laboratory, Department of Atmospheric, Oceanic and Space Sciences, University of Michigan, reported that this was the first time they had actual data of the detailed vertical structure of the marine boundary layer over any of the Great Lakes and that this buoy had provided a truly unique data set, which will be very useful in forecasting wind and wave circulation across the lakes, as well as aiding in Search and Rescue (SAR) efforts. "Especially valuable," he said, "was the turbulence data during the approach of severe storms and fronts." Dr. Meadows also stated that there was "amazing correlation between the buoy data and the National Weather Service and Environmental Research Laboratory, NOAA models."

Arnold Boezaart, Director of Grand Valley State University's Michigan Alternative and Renewable Energy Center, reported that the two-month sea trial went very well and yielded highly valuable real time information. "Weather wise, November and December are two of the most challenging months on the Great Lakes, so it was a good field test of the research buoy's capability," he said. "We now have two months of one-second wind measurement data up to 150 meters using a floating research platform and state-of-the-art laser technology. This has never been done before on the Great Lakes or elsewhere in North America." Additional testing and data correlation will continue through the winter with additional deployments scheduled in the spring.

"We are extremely pleased that GVSU's initial deployment has been an effective demonstration of the capabilities of the WindSentinel," said Graham Howe, International Business Development Renewables, AXYS Technologies, Inc. "The deployment period saw 23.6 m/s winds and 8 meter waves yet the WindSentinel continued to transmit the full range of data proving that the WindSentinel can offer accurate, cost effective offshore wind resource assessment data in near real time from the most challenging environments."

"Showing robustness in this extreme environment, specifically on a moving buoy far removed from land, is a great demonstration of our product," said Dr. Jo Major, Jr., Chairman and Interim President and Chief Executive Officer of Catch the Wind. "Beyond being tough, the tool demonstrated phenomenal capacity to supply remote wind measurement capability and excellent correlation with multiple standard wind measurements. This successful test under extreme environmental conditions highlights the advancements that our team has achieved with our product technology."

"The reliability and accuracy now achievable in remote offshore wind-sensing is a game-changer that will provide the wind industry with the ability to collect data that will make investments in onshore and offshore wind power more profitable with lower financial risk," Dr. Major added. "We look forward to substantial commercial growth in this business sector in partnership with AXYS Technologies."

About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Chantilly, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator® laser wind sensor.

Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the "gold standard" in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit www.catchthewindinc.com.

About AXYS Technologies, Inc.
AXYS Technologies Inc. is a Canadian company with over 30 years of experience in the design, manufacture and installation of remote environmental monitoring systems worldwide. AXYS applies its extensive knowledge and experience to marine, freshwater, land-based monitoring stations, and offshore wind resource assessment systems that measure aquatic, oceanic and atmospheric parameters. For more information, visit www.axystechnologies.com.

About Grand Valley State University
The Michigan Alternative and Renewable Energy Center (MAREC) is an economic development initiative of the City of Muskegon, the Michigan Economic Development Corporation and Grand Valley State University. The facility opened in 2003 in response to the growing need for the advancement and development of alternative and renewable energy technology. Learn more about the GVSU Lake Michigan offshore wind assessment project by visiting the MAREC web site www.gvsu.edu/marec.

Forward-Looking Information
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 Catch the Wind. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Catch the Wind 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. Catch the Wind 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.

SOURCE Catch the Wind Ltd.

For further information:

Catch the Wind Ltd.
Claudia Jaques
Vice President and General Counsel
703-393-0754
cjaques@catchthewindinc.com    
TMX Equicom
Philip Dale
Investor Relations
416-815-0700 ext. 253
pdale@equicomgroup.com

 

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