Catch the Wind acquires interest in strategic corporate asset
MANASSAS, VA,
The aircraft will be used to transport the Company's engineering staff, laser sensor units, and requisite installation and maintenance equipment to remote locations in support of business development, customer support and field trial activities, as well as for other business purposes.
"Our Vindicator(R) LWS units are increasingly being installed at wind farms in remote areas, requiring considerable time and expense to reach," said
Catch the Wind Ltd., through its wholly-owned subsidiary, Catch the Wind, Inc., owns a seventy-five percent equity interest in Falcon Fifty LLC, an entity created on
The remaining minority interest in the aircraft is owned by a company controlled by
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(R) 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.
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.
For further information: Catch the Wind Ltd.: Claudia Jaques, Vice President and General Counsel, (703) 393-0754, [email protected]; The Equicom Group: Joe Racanelli, Investor Relations, (416) 815-0700 ext. 243, [email protected]
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