MANASSAS, VA, April 20 /CNW/ - Catch the Wind Ltd. (TSXV: CTW) announced
that Mr. Christopher Lowe has resigned from the Company's Board of
Directors effective today for personal reasons. Mr. Lowe had also
served as Chair of the Company's Audit Committee.
"We would like to thank Chris for his contributions and wish him all of
the best in the future," said Phil Rogers, President and CEO of Catch
The Company also announced that Mr. Martin Crotty, an independent
director, will serve as Chair of the Company's Audit Committee on an
interim basis. Mr. Crotty will provide oversight of Catch the Wind's
financial activities, which are managed by interim Chief Financial
Officer Robin Roge, CPA, and audited by Deloitte.
In keeping with its previously announced commitments to adhering to
corporate governance best practices and to strengthening its board,
Catch the Wind's search for one or more new, independent directors who
will bring strong industry and financial experience, including relevant
experience in the European and Asian wind energy markets, and deep
knowledge of the capital markets, is ongoing.
The Company remains committed to developing and maintaining a strong
board of directors to enable the Company to improve and build upon its
corporate governance foundation, and to guide the Company into the next
phase of its development of market acceptance and commercialization of
its Vindicator ® laser wind sensor.
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® 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.
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.
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