CHANTILLY, VA, Feb. 6, 2012 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW),
providers of optical turbine control systems (OTCS), today announced a
signed sales agreement with Saturn Power to equip all wind turbines at
its Gesner wind farm in Ontario, Canada with Vindicator® OTCS.
"This agreement underscores the importance of increasing the electrical
output of wind energy resources." said Jo Major, Interim President and
CEO of Catch the Wind, Inc. "It is exciting and rewarding to work with
a visionary wind farm owner like Saturn Power. They recognize the value
of using a look-ahead system to control their wind turbines, choosing
to install our systems in parallel with the installation of their new
turbines for the entire wind farm. We would also like to thank the wind
turbine manufacturer for coordination in this project and for agreeing
to the installation of our system on these new turbines without
modification of the warranty agreement. We look forward to
opportunities to work closely with Saturn Power and helping them boost
their power production."
"This sale is significant in that, during the planning phase of this
wind farm, Saturn Power recognized the benefit that this optical
control technology would bring to its operations," Major added. "Our
mission is to make these control systems standard equipment in all
modern wind turbines, and we are both appreciative and proud to work
with Saturn Power on this pioneering project."
Doug Wagner, President of Saturn Power, Inc., stated "We pride ourselves
in being pioneers and want to incorporate the latest technology in our
The Vindicator® OTCS is a "next generation" wind control system for utility-scale wind
turbines. From its position on top of the nacelle, the Vindicator® OTCS simultaneously measures wind speed and direction in the free
stream inflow ahead of the turbine and uses this information to
optimize wind turbine performance, increasing energy output and
reducing damaging stress loads.
About Saturn Power, Inc.
Saturn Power Inc. is a Canadian owned, renewable energy development
company based in New Hamburg, Ontario with a focus on wind and solar
projects in Ontario. By being sensitive and responsive to the needs of
customers, colleagues, the public and maintaining a healthy
relationship with the environment, Saturn Power hopes to be perceived
as being accountable and providing value to the communities in which we
live and work. For more information, visit http://www.saturnpower.ca.
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® optical turbine control system.
Catch the Wind serves the commercial market sector for optical 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 or follow us on Twitter at www.twitter.com/CatchTheWindInc.
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.
Vice President and General Counsel
416-815-0700 ext. 253