Catch the Wind Provides OADS Litigation Update

CHANTILLY, VA, Nov. 8, 2011 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, announced today that in connection with the preliminary injunction filed by the Company in the Circuit Court for Prince William County, Virginia, against Optical Air data Systems, LLC ("OADS") and Philip L. Rogers, the former President and CEO of the Company, it has received a copy of a counterclaim filed by OADS and Mr. Rogers against the Company, pursuant to which Mr. Rogers has asserted a claim for severance under his employment agreement and OADS has asserted a claim for breach of the sublease agreement between the Company's wholly-owned subsidiary and OADS.

The Company believes that the claims made by Mr. Rogers and OADS are without merit.  The Circuit Court for Prince William County has temporarily stayed all of the actions in these proceedings pending the outcome of court ordered mediation.

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

 

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