CHANTILLY, VA, Sept. 30, 2011 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW),
providers of laser-based wind sensor products and technology, announced
today that it has filed a motion for a preliminary injunction 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. The motion for an injunction has been filed to
compel OADS and Mr. Rogers to return tangible and intangible property
owned by the Company and its wholly-owned subsidiary, Catch the Wind,
Inc., that the Company has alleged in its complaint is being detained
by OADS and Mr. Rogers in violation of applicable Virginia law and
their respective contractual obligations to the Company and Catch the
Wind, Inc. Certain property that Catch the Wind alleges is being
detained is considered by Catch the Wind to be critical to the
operations of the business.
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. The Vindicator® laser wind sensor is part of Catch the Wind's "next generation" turbine
control and performance enhancement system for utility-scale wind
turbines. From its position on top of the nacelle, the Vindicator® laser wind sensor determines wind speed and direction up to 300 meters
in front of the turbine, providing a three-dimensional view of actual
wind conditions. Catch the Wind's turbine performance enhancement
system responds to the real-time, actual measurements of the Vindicator® laser wind sensor to optimally control a wind turbine's performance for
the purposes of increasing energy output and reducing damaging stress
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.
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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