Catch the Wind enters into agreement with BreconRidge for outsourced
production of Laser Wind Sensor
- Full scale production of Vindicator(R) LWS expected in early 2010 -
MANASSAS, VA,
"Collaborating with a world-class provider of design and manufacturing capabilities represents an important next step in our growth as it will allow us to address existing demand and significant long-term market potential for our laser wind sensor and future products," said
Under the terms of the manufacturing services agreement signed by both companies, BreconRidge will produce and assemble the Vindicator(R) LWS at its state-of-the-art manufacturing facilities in
"BreconRidge is pleased to be involved in the commercialization of such a sophisticated optical product as the Vindicator(R) Laser Wind Sensor. We look forward to leveraging our design and manufacturing competencies in electro-optical integration and ruggedized design in support of Catch the Wind," said Cyril McKelvie, President and CEO of BreconRidge.
The Vindicator(R) LWS uses laser technology combined with Doppler radar techniques to analyze air particle movement and determine wind speed and direction. The use of Vindicator(R) LWS is primarily intended for improving the performance of wind turbines, resulting in more energy production and reduced maintenance costs.
Catch the Wind expects to begin shipment of its fully qualified production Vindicator(R) LWS units in early 2010.
About BreconRidge
BreconRidge is a world-class provider of innovative design and manufacturing services for electronic products. With facilities located in
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: 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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