MANASSAS, VA, May 24, 2011 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW),
providers of feed-forward, intelligent turbine performance improvement
systems that deliver increased energy output and reduced equipment
stress loads for utility scale wind turbine generators, announced today
that it has appointed Susan Nickey and Dr. Jo Major, Jr. as independent
directors of the Company. The appointments are in keeping with the
Company's ongoing commitment to develop and maintain a strong board of
directors to enable it to improve and build upon its corporate
governance foundation. Ms. Nickey has also been named as Chair of the
Company's Audit Committee and will serve on its Governance and
"We are very pleased to have both Susan and Jo join our board and
complement our current directors," said Phil Rogers, President and CEO
of Catch the Wind. "Susan brings over 20 years of capital market
knowledge with a focus on the renewable industry sector, including
wind. Jo brings over 25 years of optical technology industry
experience, as well as over 15 years as a high-technology executive and
officer. We look forward to their many contributions in helping us as
we accelerate commercialization of our laser wind sensing technology."
Ms. Nickey was most recently the Chief Financial Officer of Acciona
Energy North America Corporation, a subsidiary of Acciona S.A., a
global leader in renewable energy and sustainable development with a
market capitalization of over US$6 billion. Prior to joining Acciona,
Ms. Nickey specialized in raising capital for the wind and other
renewable power companies as Managing Director, Investment Banking at
Mesirow Financial Inc. and previously, as Vice President, Investment
Banking at ABN AMRO Inc.
Dr. Major is currently CEO and General Partner of InSite Partners,
LLC. Prior to joining InSite, Dr. Major was the CEO, President, and
Chairman of the Board of Avanex, a NASDAQ-listed technology company.
Previous to joining Avanex, Dr. Major was Senior Vice-President,
Components Business Group of JDSU/SDL. As an officer with SDL, Dr.
Major was a part of the team that oversaw its sale to JDSU for US$41.0
billion, the largest technology transaction in history.
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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