Catch the Wind Grants Stock Options

CHANTILLY, VA, Nov. 22, 2011 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, today announced that on November 14, 2011 it granted 100,000 stock options to Dr. Jo Major, Jr. in his capacity as Chairman of the Company.

The options are exercisable at a price of CDN$0.16 per share.  One quarter of the options vest on the first anniversary of the date of grant, with 1/36th of the remaining grant vesting each month over the subsequent 36 months. The expiry date of the options is November 14, 2021.

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, please visit www.catchthewindinc.com and follow us at  www.twitter.com/Catchthewindinc.

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   
703-956-6554 
cjaques@catchthewindinc.com    
TMX Equicom
Philip Dale
Investor Relations
416-815-0700 ext. 253
pdale@equicomgroup.com

Organization Profile

Catch the Wind Ltd.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890