MANASSAS, VA, Aug. 13 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW.S),
developer and manufacturer of the Vindicator(R) laser wind sensor (LWS) and
other sensor products, announced today that it has signed a Cooperative
Research and Development Agreement with the National Renewable Energy
Laboratory (NREL), the U.S. Department of Energy's primary national laboratory
for renewable energy and energy efficiency research and development.
Under the terms of the research agreement, Catch the Wind will provide
NREL a test unit of the Vindicator(R) LWS for use for up to three years. NREL
will evaluate how using the Vindicator(R) LWS for forward measurement of wind
speed and direction to optimally align wind turbines and turbine blades can
reduce stress loads on turbines and improve energy production output.
"This cooperative research initiative provides us a tremendous
opportunity to work with a pre-eminent wind energy research laboratory to
fully develop the potential of Vindicator(R) LWS for turbine control," said
Phil Rogers, President and CEO of Catch the Wind Ltd. "Working with NREL will
complement our current evaluation programs and will allow us to demonstrate,
on a national basis, the benefits of our forward wind measurement
capabilities, including reduced turbine maintenance costs and higher energy
Catch the Wind expects to launch the cooperative research and development
initiative in October 2009.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in
Manassas, Virginia. The company was founded in 2008 to develop and manufacture
the Vindicator(R) 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
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.
For further information:
For further information: Catch the Wind Ltd., Claudia Jaques, Vice
President and General Counsel, (703) 393-0754, firstname.lastname@example.org;
The Equicom Group: Joe Racanelli, Investor Relations, (416) 815-0700 ext. 243,